Casey, Cumberland County, Illinois Property Taxes

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

Median Casey, IL effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Casey, IL home value: $87,810
Median annual Casey, IL tax bill: $1,781, $619 lower than the national median property tax bill of $2,400.

How are property taxes in Cumberland 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, Cumberland County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.08%

Estimate Property Tax Bill

$1,826

$1,695

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 Cumberland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Casey, Cumberland County, Illinois

Local government entities in Illinois set property tax rates, which can vary widely within the state. Each year, counties like Cumberland estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Casey, located in Cumberland County, the effective property tax rate is a reflection of this process. The median property tax rate in Illinois is higher than the national median, standing at 2.08% compared to the U.S. median of 1.02%. This positions Illinois as one of the states with higher property tax rates.

Comparing Casey’s rate to other cities in Illinois and the national median offers valuable insights. Understanding these differences can help property owners make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Casey, Cumberland County, Illinois

Source: Ownwell

1.72%

1.90%

2.08%

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 Tax Rate

2.08%

Median Effective Cumberland County Tax Rate

1.86%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Casey, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62420	1.14%	1.76%	2.08%	2.28%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Casey, Cumberland 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 Cumberland 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 Cumberland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $87,810, with tax bills ranging significantly across the county. 62420 has the highest median home price at $87,810.

Property Tax Assessment Values Across Casey, Cumberland County, Illinois

Source: Ownwell

$87,810

$141,452

$195,093

Median Casey Market Value

$87,810

Median Cumberland County Market Value

$107,319

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Casey, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62420	$29,349	$59,523	$87,810	$142,712	$238,842

Source: Ownwell

Property Tax Bills Across Casey, Cumberland County, Illinois

In Casey, located in Cumberland County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions. For homeowners in Casey, the median property tax bill is $1,781, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $1,023 and the 90th percentile reaching $4,878. High property taxes can place a financial burden on homeowners, making it essential to ensure they are not overpaying. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing property assessments and identifying potential savings, Ownwell can assist homeowners in Casey in securing fair property tax rates, ultimately leading to significant savings.

Property Tax Bills Across Casey, Cumberland County, Illinois

Source: Ownwell

$1,446

$2,482

$3,517

Median Casey Tax Bill

$1,781

Median Cumberland County Tax Bill

$1,976

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Casey, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62420	$527	$1,023	$1,781	$3,200	$4,878

Source: Ownwell