Greenup, Cumberland County, Illinois Property Taxes

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

Median Greenup, IL effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Greenup, IL home value: $88,812
Median annual Greenup, IL tax bill: $1,755, $645 lower than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Greenup, Cumberland County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.95%

Estimate Property Tax Bill

$1,732

$1,607

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

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county annually estimates its necessary budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. This method results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual procedure.

In Greenup, located in Cumberland County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. Both the highest and lowest median tax rates in Greenup stand at 1.95%, which is also the median tax rate for Illinois. This is almost double the national median, indicating a significant variance from the national average. Property owners in Greenup face higher tax bills compared to many other regions across the country. Comparing Greenup’s property tax rate to other cities in Illinois and the U.S. highlights the disparity, emphasizing the importance of understanding local tax obligations and exploring potential appeal and exemption opportunities.

Property Tax Rates Across Greenup, 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 Greenup Tax Rate

1.95%

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 Greenup, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62428	1.24%	1.62%	1.95%	2.21%	2.38%

Source: Ownwell

Property Tax Assessment Values Across Greenup, Cumberland County, Illinois

When examining property taxes in Greenup, 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 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. Assessment notices: In Cumberland 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 Greenup. For example, the median home price in Greenup is $88,812, with tax bills ranging significantly across the county. Zip code 62428 has the highest median home price at $88,812.

Property Tax Assessment Values Across Greenup, Cumberland County, Illinois

Source: Ownwell

$87,810

$141,452

$195,093

Median Greenup Market Value

$88,812

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 Greenup, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62428	$16,394	$44,656	$88,812	$140,782	$188,221

Source: Ownwell

Property Tax Bills Across Greenup, Cumberland County, Illinois

In Greenup, Cumberland County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Greenup is $88,812, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as location, property size, and improvements can influence the assessed value. In Greenup, the 25th percentile tax bill is $867, while the 75th percentile reaches $2,762, with the 90th percentile climbing to $3,850. This variation can significantly affect homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies or overvaluations. By filing appeals and exemption requests, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually. With expert guidance, homeowners can navigate the complexities of property tax assessments and reduce their financial burden.

Property Tax Bills Across Greenup, Cumberland County, Illinois

Source: Ownwell

$1,446

$2,482

$3,517

Median Greenup Tax Bill

$1,755

Median Cumberland County Tax Bill

$1,976

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenup, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62428	$353	$867	$1,755	$2,762	$3,850

Source: Ownwell