Flat Rock, Crawford County, Illinois Property Taxes
Median Flat Rock, IL effective property tax rate: 2.20%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Flat Rock, IL home value: $82,512
Median annual Flat Rock, IL tax bill: $1,929, $471 lower than the national median property tax bill of $2,400.
How are property taxes in Crawford calculated?
Property taxes in Flat Rock, 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 Flat Rock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Flat Rock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Flat Rock, Crawford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.2%
Estimate Property Tax Bill
$1,815
$1,685
Property Tax Rates Across Flat Rock, Crawford County, Illinois
Local government entities in Illinois, such as those in Flat Rock, Crawford County, determine property tax rates, which can differ significantly across the state. Each year, counties estimate their budgetary needs for public services and divide this by the total assessed value of taxable properties within their jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and legislation, this is the core method used annually.
Flat Rock's effective property tax rate is a notable example within Illinois. The median tax rate in Flat Rock is 2.20%, which is significantly higher than the national median property tax rate of 1.02%. This places a heavier property tax burden on residents compared to the national average. When compared to other cities in Illinois, Flat Rock's rate is among the highest, reflecting the state's overall higher property tax rates. The median property tax bill in Flat Rock also surpasses the national median of $2400, further emphasizing the financial commitment required of property owners. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively.
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 Flat Rock Tax Rate
2.20%
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 Crawford County Tax Rate
2.38%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Flat Rock, Crawford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62427 | 1.08% | 1.76% | 2.20% | 2.64% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Flat Rock, Crawford County, Illinois
When examining property taxes in Flat Rock, 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 Crawford 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 Crawford 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 Flat Rock.
For example, the median home price in Flat Rock is $82,512, with tax bills ranging significantly across the county. Zip code 62427 has the highest median home price at $82,512.
Property Tax Assessment Values Across Flat Rock, Crawford County, Illinois
Source: Ownwell
$77,139
$105,467
$133,794
Median Flat Rock Market Value
$82,512
Median Crawford County Market Value
$84,633
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Flat Rock, Crawford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62427 | $24,138 | $54,090 | $82,512 | $130,716 | $178,719 |
Source: Ownwell
Property Tax Bills Across Flat Rock, Crawford County, Illinois
Median Flat Rock Tax Bill
$1,929
Median Crawford County Tax Bill
$1,940
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Flat Rock, Crawford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62427 | $562 | $957 | $1,929 | $3,111 | $4,649 |
Source: Ownwell