Teutopolis, Cumberland County, Illinois Property Taxes

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

Median Teutopolis, IL effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Teutopolis, IL home value: $195,093
Median annual Teutopolis, IL tax bill: $3,517, $1,117 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Teutopolis, Cumberland County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.83%

Estimate Property Tax Bill

$3,570

$3,313

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

Local government entities set tax rates, which can vary widely within a state. 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.

Below, you can compare Teutopolis’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Teutopolis, 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 Teutopolis Tax Rate

1.83%

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 Teutopolis, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62467	1.59%	1.75%	1.83%	1.96%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Teutopolis, Cumberland County, Illinois

When examining property taxes in Teutopolis, 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.

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 Teutopolis.

For example, the median home price in Teutopolis is $195,093, with tax bills ranging significantly across the county. ZIP code 62467 has the highest median home price at $195,093.

Property Tax Assessment Values Across Teutopolis, Cumberland County, Illinois

Source: Ownwell

$87,810

$141,452

$195,093

Median Teutopolis Market Value

$195,093

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 Teutopolis, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62467	$132,594	$153,279	$195,093	$274,404	$304,332

Source: Ownwell

Property Tax Bills Across Teutopolis, Cumberland County, Illinois

In Teutopolis, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. The property tax rate in Teutopolis is higher than the national median of 1.02%, leading to a median property tax bill of $3,517. This is significantly higher than the national median property tax bill of $2,400. Factors such as the local government's budget needs, school funding, and public services contribute to the tax rate, directly affecting homeowners' tax bills. For homeowners in Teutopolis, the property tax bill can range from $2,681 at the 25th percentile to $6,265 at the 90th percentile, depending on the property's assessed value and applicable exemptions. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local data, Ownwell can help reduce the financial burden on homeowners, ensuring they only pay their fair share in property taxes.

Property Tax Bills Across Teutopolis, Cumberland County, Illinois

Source: Ownwell

$1,446

$2,482

$3,517

Median Teutopolis Tax Bill

$3,517

Median Cumberland County Tax Bill

$1,976

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Teutopolis, Cumberland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62467	$2,335	$2,681	$3,517	$5,343	$6,265

Source: Ownwell