Effingham, Effingham County, Illinois Property Taxes

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

Effingham, IL, boasts a median effective property tax rate of 1.79%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. The median home value in Effingham is $150,720. Homeowners face a median annual tax bill of $2,520, which is $120 higher than the national median property tax bill of $2,400.

How are property taxes in Effingham County calculated?

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

Last Updated March 1, 2025

Effingham, Effingham County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.79%

Estimate Property Tax Bill

$2,698

$2,504

Ownwell’s Effingham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Effingham with just two data points. By entering your property's estimated assessed value, our calculator applies Effingham’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 Effingham County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Effingham, Effingham County, Illinois

Local government entities determine property tax rates, which can significantly differ within a state. Annually, counties like Effingham estimate their required budgets for public services. This budget is then divided by the total value of all taxable properties within the jurisdiction to calculate the property tax rate. Although the process involves votes and laws, this is essentially how it works each year. In Effingham, the effective property tax rate is a crucial factor for homeowners and potential buyers. Compared to other cities in Illinois, Effingham's rate is a reflection of the local government's budgetary needs and property values. While Illinois as a whole may have varying rates, Effingham stands out with its specific rate. When compared to the national median property tax rate of 1.02%, Effingham's rate is noticeably higher. This difference highlights the importance of understanding local tax rates, as they directly impact the financial responsibilities of property owners.

Property Tax Rates Across Effingham, Effingham County, Illinois

Source: Ownwell

1.46%

1.62%

1.79%

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 Effingham Taxx Rate

1.79%

Median Effective Effingham County Taxx Rate

1.69%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Effingham, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62401	1.00%	1.45%	1.79%	2.02%	2.23%

Source: Ownwell

Property Tax Assessment Values Across Effingham, Effingham County, Illinois

When examining property taxes in Effingham, 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 Effingham 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 Effingham 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 Effingham. For example, the median home price in Effingham is $150,720, with tax bills ranging significantly across the county. ZIP code 62401 has the highest median home price at $150,720.

Property Tax Assessment Values Across Effingham, Effingham County, Illinois

Source: Ownwell

$80,100

$142,005

$203,910

Median Effingham Market Value

$150,720

Median Effingham County Market Value

$155,790

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Effingham, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62401	$70,632	$100,170	$150,720	$217,560	$304,488

Source: Ownwell

Property Tax Bills Across Effingham, Effingham County, Illinois

Property tax bills in Effingham, IL, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. In Effingham, homeowners face a median property tax bill of $2,520, which is above the national median of $2,400. Tax bills can vary significantly, with the 25th percentile at $1,551 and the 90th percentile reaching $5,423. Factors influencing these variations include property location, size, and improvements. Homeowners may feel the pinch of these taxes, especially when compared to the national median property tax rate of 1.02%. However, Ownwell can assist homeowners in Effingham by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This service not only offers financial relief but also ensures that homeowners pay only their fair share, making property ownership more affordable.

Property Tax Bills Across Effingham, Effingham County, Illinois

Source: Ownwell

$1,221

$2,065

$2,908

Median Effingham Tax Bill

$2,520

Median Effingham County Tax Bill

$2,476

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Effingham, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62401	$941	$1,551	$2,520	$3,807	$5,423

Source: Ownwell