Fayette County, Illinois Property Taxes

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

Median Fayette County effective property tax rate: 2.13%, significantly higher than the national median of 1.02%.
Median Fayette County home value: $73,758
Median annual Fayette County tax bill: $1,347, $1,053 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette County calculated?

Property taxes in Fayette County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Vandalia or another part of Fayette County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fayette County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$1,571

$1,458

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

Property Tax Rates Across Fayette County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services annually, dividing 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.

Fayette County in Illinois has an effective property tax rate that is significantly above the national median property tax rate of 1.02%. This places a higher burden on property owners compared to the national average. Within Illinois, Fayette County's rate is lower than the highest rate found in Edgewood but higher than the rate in Beecher City. This highlights the variability even within the state, underscoring the importance of understanding local tax dynamics. By comparing Fayette County's rate to other counties in Illinois or the U.S. median property tax rate, property owners can better assess their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Fayette County, Illinois

Source: Ownwell

1.88%

2.22%

2.56%

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 Fayette County Taxx Rate

2.13%

Median Effective Illinois Taxx Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Fayette County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Altamont	1.63%	1.80%	1.89%	2.13%	2.23%
Beecher City	1.13%	1.58%	1.88%	2.21%	2.21%
Bingham	1.43%	1.89%	2.15%	2.20%	2.23%
Brownstown	1.31%	1.87%	2.21%	2.49%	2.49%
Cowden	1.63%	1.86%	2.27%	2.27%	2.27%
Edgewood	1.17%	2.12%	2.56%	2.56%	2.56%
Farina	1.34%	1.96%	2.22%	2.56%	2.56%
Fillmore	N/A	N/A	N/A	N/A	N/A
Herrick	1.09%	1.58%	1.91%	2.24%	2.27%
Keyesport	N/A	N/A	N/A	N/A	N/A
Kinmundy	N/A	N/A	N/A	N/A	N/A
Mulberry Grove	0.98%	1.70%	2.23%	2.48%	2.71%
Nokomis	N/A	N/A	N/A	N/A	N/A
Patoka	0.96%	1.62%	2.24%	2.24%	2.24%
Ramsey	1.00%	1.54%	2.02%	2.13%	2.25%
Saint Elmo	1.25%	1.73%	2.09%	2.30%	2.30%
Saint Peter	1.64%	1.99%	2.39%	2.39%	2.57%
Shobonier	1.33%	1.78%	2.11%	2.27%	2.45%
Vandalia	1.45%	1.96%	2.28%	2.42%	2.94%
Vernon	1.32%	1.66%	1.91%	2.15%	2.15%

Source: Ownwell

Property Tax Assessment Values Across Fayette County, Illinois

When examining property taxes in Fayette County, 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 Fayette 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.

Assessment notices: In Fayette 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 Fayette County.

For example, the median tax bill in Fayette County is $1,789, with tax bills ranging significantly across the county. Shobonier has the highest median home price at $90,201.

Property Tax Assessment Values Across Fayette County, Illinois

Source: Ownwell

$37,206

$63,704

$90,201

Median Fayette County Assessed Value

$73,758

Median Illinois Assessed Value

$194,700

Median United States Assessed Value

$244,900

Property Tax Assessment Values Across Fayette County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Altamont	$34,068	$48,682	$73,974	$117,434	$169,694
Beecher City	$20,907	$39,340	$75,207	$119,091	$154,863
Bingham	$16,170	$27,339	$51,516	$103,404	$152,130
Brownstown	$14,076	$32,027	$73,318	$124,301	$174,499
Cowden	$14,183	$28,478	$68,664	$118,653	$154,443
Edgewood	$7,988	$19,911	$37,206	$60,585	$98,899
Farina	$21,915	$41,577	$89,433	$136,470	$192,504
Fillmore	N/A	N/A	N/A	N/A	N/A
Herrick	$19,337	$32,354	$71,931	$125,265	$194,873
Keyesport	N/A	N/A	N/A	N/A	N/A
Kinmundy	N/A	N/A	N/A	N/A	N/A
Mulberry Grove	$21,006	$39,410	$81,441	$136,720	$203,750
Nokomis	N/A	N/A	N/A	N/A	N/A
Patoka	$9,607	$26,222	$67,530	$114,278	$159,559
Ramsey	$14,175	$31,809	$71,910	$121,188	$164,430
Saint Elmo	$25,773	$53,980	$89,504	$139,672	$203,428
Saint Peter	$25,883	$51,448	$82,102	$151,187	$200,927
Shobonier	$21,503	$54,359	$90,201	$134,012	$180,290
Vandalia	$10,278	$33,120	$67,476	$124,812	$178,859
Vernon	$22,700	$58,514	$77,984	$121,612	$128,842

Source: Ownwell

Property Tax Bills Across Fayette County, Illinois

In Fayette County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the tax bill. In Fayette County, the median property tax bill is significantly lower than the national median, with a figure of $1,789 in Farina, the city with the highest median tax bill, and $847 in Bingham, the city with the lowest. Homeowners in this county experience a range of tax bills, from the 25th percentile at $632 to the 90th percentile reaching $3,633. These tax bills are influenced by factors such as local government budgets, school funding needs, and public service costs. For homeowners, understanding these factors is crucial as they directly affect the affordability and budgeting of homeownership, making it essential to stay informed about local property tax trends and potential appeals.

Property Tax Bills Across Fayette County, Illinois

Source: Ownwell

$847

$1,318

$1,789

Median Fayette County Tax Bill

$1,347

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Fayette County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Altamont	$662	$1,075	$1,456	$2,118	$3,182
Beecher City	$332	$619	$1,301	$2,121	$3,000
Bingham	$306	$480	$847	$1,923	$3,099
Brownstown	$276	$592	$1,358	$2,366	$3,510
Cowden	$275	$520	$1,295	$2,226	$3,377
Edgewood	$138	$360	$930	$1,308	$2,087
Farina	$457	$794	$1,789	$2,892	$4,387
Fillmore	N/A	N/A	N/A	N/A	N/A
Herrick	$346	$573	$1,185	$2,136	$3,644
Keyesport	N/A	N/A	N/A	N/A	N/A
Kinmundy	N/A	N/A	N/A	N/A	N/A
Mulberry Grove	$246	$666	$1,567	$3,173	$4,284
Nokomis	N/A	N/A	N/A	N/A	N/A
Patoka	$197	$504	$1,110	$1,868	$2,822
Ramsey	$192	$479	$1,150	$2,149	$3,024
Saint Elmo	$510	$917	$1,641	$2,819	$4,229
Saint Peter	$565	$849	$1,717	$2,984	$4,219
Shobonier	$458	$940	$1,695	$2,600	$3,528
Vandalia	$222	$679	$1,398	$2,510	$3,760
Vernon	$497	$1,006	$1,406	$2,258	$2,515

Source: Ownwell

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Altamont

Beecher City Bingham Brownstown

Saint Elmo Saint Peter Shobonier

Vandalia Vernon