Cumberland County Property Taxes
The median property tax rate in Cumberland County is 1.86%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Cumberland County, the typical annual property tax bill reaches $1,976, which is below the national median of $2,690. Property taxes in Cumberland County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cumberland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Toledo or another part of Cumberland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cumberland County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$1,996
$1,852
Ownwell’s Cumberland County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cumberland County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cumberland County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cumberland County, Illinois
Property taxes in Cumberland play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cumberland is 1.86%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Cumberland set these rates annually, and they can vary significantly between different areas within the county. Each year, Cumberland estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cumberland's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Casey has one of the higher property tax rates in Illinois at 2.08%, while the city of Trilla boasts one of the lowest at 1.72%. Analyzing how Cumberland's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cumberland County Tax Rate
1.86%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cumberland County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Casey | 1.14% | 1.76% | 2.08% | 2.28% | 2.47% |
| Charleston | 1.41% | 1.49% | 1.83% | 2.06% | 2.07% |
| Greenup | 1.24% | 1.62% | 1.95% | 2.21% | 2.38% |
| Jewett | 1.42% | 1.62% | 1.82% | 2.11% | 2.33% |
| Lerna | 1.34% | 1.55% | 1.84% | 2.09% | 2.24% |
| Mattoon | 0.96% | 1.22% | 1.86% | 2.01% | 2.03% |
| Montrose | 1.35% | 1.64% | 1.79% | 1.93% | 2.08% |
| Neoga | 1.29% | 1.63% | 1.83% | 2.00% | 2.50% |
| Sigel | 1.44% | 1.67% | 1.82% | 2.00% | 2.12% |
| Teutopolis | 1.59% | 1.75% | 1.83% | 1.96% | 2.05% |
| Toledo | 1.33% | 1.59% | 1.84% | 2.11% | 2.37% |
| Trilla | 1.34% | 1.59% | 1.72% | 1.89% | 2.01% |
| Yale | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cumberland County, Illinois
In Cumberland County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cumberland County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Cumberland County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Cumberland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Teutopolis, the highest median tax bill is $3,517, while Charleston has the lowest at $1,282.
Property Tax Assessment Values Across Cumberland County, Illinois
Source: Ownwell
$81,424
$138,259
$195,093
Average Cumberland County Assessed Value
$107,319
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cumberland County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Casey | $29,349 | $59,523 | $87,810 | $142,712 | $238,842 |
| Charleston | $53,318 | $62,386 | $81,424 | $97,000 | $132,670 |
| Greenup | $16,394 | $44,656 | $88,812 | $140,782 | $188,221 |
| Jewett | $20,452 | $52,214 | $97,194 | $150,734 | $193,874 |
| Lerna | $15,744 | $50,955 | $89,349 | $139,404 | $216,236 |
| Mattoon | $74,996 | $94,836 | $129,268 | $157,054 | $164,439 |
| Montrose | $23,811 | $69,408 | $124,389 | $180,846 | $232,550 |
| Neoga | $20,608 | $45,276 | $117,968 | $181,689 | $246,833 |
| Sigel | $14,898 | $73,683 | $132,567 | $225,054 | $291,337 |
| Teutopolis | $132,594 | $153,279 | $195,093 | $274,404 | $304,332 |
| Toledo | $18,650 | $65,199 | $115,485 | $179,715 | $238,103 |
| Trilla | $69,000 | $90,096 | $126,159 | $193,044 | $253,236 |
| Yale | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cumberland County, Illinois
In Cumberland County, IL, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Local taxing authorities then apply their respective tax rates to this assessed value to determine the final tax bill. Factors such as property location, size, and improvements are considered in the assessment process. Homeowners in Cumberland County face varying tax bills, with the 25th percentile at $1,047 and the 75th percentile at $3,255. The highest median tax bill in the county is $3,517 in Teutopolis, while the lowest is $1,282 in Charleston. These figures illustrate the range of property tax burdens within the county. Compared to the national median property tax rate of 0.99%, Cumberland County's tax rates can significantly impact homeowners. Higher property taxes can influence decisions about homeownership and property investments, making it essential for residents to understand how their tax bills are determined and what factors contribute to the overall cost.
Average Cumberland County Tax Bill
$1,976
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Cumberland County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Casey | $527 | $1,023 | $1,781 | $3,200 | $4,878 |
| Charleston | $965 | $1,047 | $1,282 | $1,513 | $2,502 |
| Greenup | $353 | $867 | $1,755 | $2,762 | $3,850 |
| Jewett | $434 | $1,052 | $1,861 | $2,923 | $3,639 |
| Lerna | $400 | $900 | $1,446 | $2,729 | $4,154 |
| Mattoon | $733 | $1,255 | $2,386 | $3,097 | $3,320 |
| Montrose | $765 | $1,347 | $2,330 | $3,348 | $4,334 |
| Neoga | $508 | $1,080 | $2,104 | $3,475 | $4,607 |
| Sigel | $701 | $1,565 | $2,763 | $4,285 | $5,813 |
| Teutopolis | $2,335 | $2,681 | $3,517 | $5,343 | $6,265 |
| Toledo | $490 | $1,019 | $2,004 | $3,315 | $4,460 |
| Trilla | $1,231 | $1,720 | $2,347 | $3,255 | $4,454 |
| Yale | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell