Beecher City, Fayette County, Illinois Property Taxes

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

Median Beecher City, IL effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Beecher City, IL home value: $75,207
Median annual Beecher City, IL tax bill: $1,301, $1,099 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

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

Last Updated March 1, 2025

Beecher City, Fayette County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.88%

Estimate Property Tax Bill

$1,414

$1,312

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

Property Tax Rates Across Beecher City, Fayette County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because annually, 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 Beecher City’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Beecher City, located in Fayette County, has a property tax rate of 1.88%. This is significantly higher than the national median property tax rate of 1.02%. When considering property taxes, it's crucial to understand how local variations can impact your tax bill. The median property tax bill in Illinois also tends to be higher than the national median of $2,400. Understanding these differences can help property owners make informed decisions and potentially save money through appeals and exemptions.

Property Tax Rates Across Beecher City, 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 Beecher City Tax Rate

1.88%

Median Effective Fayette County Tax Rate

2.13%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Beecher City, Fayette County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62414	1.13%	1.58%	1.88%	2.21%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Beecher City, Fayette County, Illinois

When examining property taxes in Beecher City, 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 Fayette 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 Fayette 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 Beecher City. For example, the median home price in Beecher City is $75,207, with tax bills ranging significantly across the county. 62414 has the highest median home price at $75,207.

Property Tax Assessment Values Across Beecher City, Fayette County, Illinois

Source: Ownwell

$37,206

$63,704

$90,201

Median Beecher City Market Value

$75,207

Median Fayette County Market Value

$73,758

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Beecher City, Fayette County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62414	$20,907	$39,340	$75,207	$119,091	$154,863

Source: Ownwell

Property Tax Bills Across Beecher City, Fayette County, Illinois

In Beecher City, located in Fayette County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Beecher City often face varying tax bills, with the 25th percentile at $619 and the 90th percentile reaching up to $3,000. This is in contrast to the national median property tax bill of $2,400. The median home price in Beecher City is $75,207, which can influence the overall tax burden for homeowners. Factors such as property improvements or changes in the local tax rate can also affect the tax bill. Ownwell offers valuable services to homeowners by providing expert property tax appeal and exemption services, potentially leading to significant savings. By analyzing your property’s assessed value and ensuring it aligns with market conditions, Ownwell can help reduce your property tax bill, offering peace of mind and financial relief.

Property Tax Bills Across Beecher City, Fayette County, Illinois

Source: Ownwell

$847

$1,318

$1,789

Median Beecher City Tax Bill

$1,301

Median Fayette County Tax Bill

$1,347

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Beecher City, Fayette County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62414	$332	$619	$1,301	$2,121	$3,000

Source: Ownwell