Charleston, Coles County, Illinois Property Taxes

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

Median Charleston, IL effective property tax rate: 2.84%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Charleston, IL home value: $68,916
Median annual Charleston, IL tax bill: $1,768, $632 lower than the national median property tax bill of $2,400.

How are property taxes in Coles County calculated?

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

Last Updated March 1, 2025

Charleston, Coles County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.84%

Estimate Property Tax Bill

$1,957

$1,816

Ownwell’s Charleston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Charleston with just two data points. By entering your property's estimated assessed value, our calculator applies Charleston’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 Charleston, 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.

In Charleston, located in Coles County, Illinois, the effective property tax rate stands at 2.84%. This rate is notably higher than the national median property tax rate of 1.02%. In fact, Charleston's rate is among the highest in Illinois. The median property tax bill in Charleston is also significantly above the national median of $2,400. This means that homeowners in Charleston face a higher property tax burden compared to many other areas in the United States. Understanding these rates is crucial for property owners who may be considering appealing their property taxes or seeking exemptions. By comparing Charleston's effective property tax rate to other cities in Illinois and the median property tax rates in the U.S., property owners can better assess their financial responsibilities and explore potential savings.

Property Tax Rates Across Charleston, 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 Charleston Tax Rate

2.84%

Median Effective Coles County Tax Rate

2.84%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Charleston, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61920	1.94%	2.23%	2.84%	2.84%	2.84%

Source: Ownwell

Property Tax Assessment Values Across Charleston, Coles County, Illinois

When examining property taxes in Charleston, Illinois, 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 appraisal district 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 the season. 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 Charleston.

For example, the median home price in Charleston is $68,916, with tax bills ranging significantly across the county. The 61920 zip code has the highest median home price at $68,916.

Property Tax Assessment Values Across Charleston, Coles County, Illinois

Source: Ownwell

$55,224

$88,860

$122,496

Median Charleston Market Value

$68,916

Median Coles County Market Value

$64,296

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Charleston, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61920	$23,674	$41,031	$68,916	$111,327	$178,577

Source: Ownwell

Property Tax Bills Across Charleston, Coles County, Illinois

In Charleston, located in Coles County, Illinois, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. The median home price in Charleston is $68,916, and the property tax bill can vary significantly. For instance, at the 25th percentile, the tax bill is approximately $1,062, while at the 75th percentile, it rises to about $2,825. The highest tax bills, at the 90th percentile, can reach up to $4,443. These figures illustrate the variability in tax obligations for homeowners in the area. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Charleston's rates can be considered relatively moderate, though they can still pose a financial burden to some homeowners. This is where Ownwell can make a significant impact. By providing expert property tax appeal services, Ownwell helps homeowners ensure their property assessments are fair, potentially lowering their tax bills and easing their financial load.

Property Tax Bills Across Charleston, Coles County, Illinois

Source: Ownwell

$1,172

$2,467

$3,762

Median Charleston Tax Bill

$1,768

Median Coles County Tax Bill

$1,659

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Charleston, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61920	$556	$1,062	$1,768	$2,825	$4,443

Source: Ownwell