Teutopolis, Effingham County, Illinois Property Taxes

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

Median Teutopolis, IL effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Teutopolis, IL home value: $203,910
Median annual Teutopolis, IL tax bill: $2,908, $508 higher than the national median property tax bill of $2,400.

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$3,161

$2,933

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

Property Tax Rates Across Teutopolis, Effingham County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.

Teutopolis, located in Effingham County, Illinois, offers a unique perspective on property taxation. With a median property tax rate of 1.55%, Teutopolis stands out in Illinois, where property tax rates can vary significantly across different regions. This rate is notably higher than the national median property tax rate of 1.02%, highlighting the importance of understanding local tax dynamics. When compared to the national median property tax bill of $2400, property owners in Teutopolis may find themselves paying more due to the higher tax rate. For residents and property owners, staying informed about these rates is crucial for effective financial planning.

Property Tax Rates Across Teutopolis, 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 Teutopolis Tax Rate

1.55%

Median Effective Effingham County Tax Rate

1.69%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Teutopolis, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62467	0.73%	1.32%	1.55%	1.73%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Teutopolis, Effingham 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 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 Teutopolis. For example, the median home price in Teutopolis is $203,910, with tax bills ranging significantly across the county. Zip code 62467 has the highest median home price at $203,910.

Property Tax Assessment Values Across Teutopolis, Effingham County, Illinois

Source: Ownwell

$80,100

$142,005

$203,910

Median Teutopolis Market Value

$203,910

Median Effingham County Market Value

$155,790

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Teutopolis, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62467	$112,746	$151,462	$203,910	$278,040	$357,483

Source: Ownwell

Property Tax Bills Across Teutopolis, Effingham County, Illinois

In Teutopolis, Illinois, property tax bills are a significant consideration for homeowners. The tax bill is calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the final tax bill. In Effingham County, where Teutopolis is located, homeowners face a median property tax bill of $2,908. This is higher than the national median of $2,400, indicating a substantial burden on property owners. Factors such as the property's location within the county, improvements made to the property, and market trends can influence the assessed value. For homeowners looking to reduce their tax burden, Ownwell offers valuable services. By conducting a thorough analysis of the property's assessed value, Ownwell can identify discrepancies or opportunities for appeal. This can lead to significant savings, ensuring homeowners only pay their fair share. With expertise in property tax appeals, Ownwell helps homeowners navigate the complexities of the tax system effectively.

Property Tax Bills Across Teutopolis, Effingham County, Illinois

Source: Ownwell

$1,221

$2,065

$2,908

Median Teutopolis Tax Bill

$2,908

Median Effingham County Tax Bill

$2,476

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Teutopolis, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62467	$846	$1,889	$2,908	$4,212	$5,678

Source: Ownwell