Casey, Coles County, Illinois Property Taxes

Name: Property Tax Bills Across Casey, Coles County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Casey, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Casey, IL home value: $65,877
Median annual Casey, IL tax bill: $1,636, $764 lower than the national median property tax bill of $2,400.

How are property taxes in Coles calculated?

Property taxes in Casey, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Casey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Casey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Casey, Coles County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$1,574

$1,461

Ownwell’s Casey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Casey with just two data points. By entering your property's estimated assessed value, our calculator applies Casey’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Coles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Casey, Coles County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Casey’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Casey, located in Coles County, has a property tax rate that stands out when compared to the national average. The median property tax rate in Illinois is significantly higher than the national median property tax rate of 1.02%. This means that residents in Casey may find themselves paying more in property taxes compared to other parts of the country. This can impact homeowners' financial planning and influence decisions on property investments. Understanding these differences is crucial for homeowners looking to manage their expenses effectively.

Property Tax Rates Across Casey, Coles County, Illinois

Source: Ownwell

2.22%

2.64%

3.07%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Casey Taxx Rate

2.39%

Median Effective Coles County Taxx Rate

2.84%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Casey, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62420	1.96%	2.39%	2.39%	2.51%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Casey, Coles County, Illinois

When examining property taxes in Casey, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Coles County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Coles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Casey. For example, the median home price in Casey is $65,877, with tax bills ranging significantly across the county. 62420 has the highest median home price at $65,877.

Property Tax Assessment Values Across Casey, Coles County, Illinois

Source: Ownwell

$55,224

$88,860

$122,496

Median Casey Market Value

$65,877

Median Coles County Market Value

$64,296

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Casey, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62420	$8,705	$18,927	$65,877	$88,971	$144,386

Source: Ownwell

Property Tax Bills Across Casey, Coles County, Illinois

In Casey, located in Coles County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Various factors such as property size, location, and market conditions influence the assessed value. Homeowners in Casey face property tax bills that can range significantly. For instance, the 25th percentile tax bill is $593, while the 75th percentile reaches $2,265. The median home price in Casey is $65,877, contributing to the variation in tax bills. This can be burdensome for homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell assists homeowners in reducing their property tax bills by offering professional tax appeal services. By leveraging expertise in local property tax laws and market conditions, Ownwell can help ensure that homeowners are not overpaying. This can result in significant savings and financial relief for property owners in Casey.

Property Tax Bills Across Casey, Coles County, Illinois

Source: Ownwell

$1,172

$2,467

$3,762

Median Casey Tax Bill

$1,636

Median Coles County Tax Bill

$1,659

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Casey, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62420	$411	$593	$1,636	$2,265	$3,327

Source: Ownwell