Brownstown, Fayette County, Illinois Property Taxes
Median Brownstown, IL effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Brownstown, IL home value: $73,318
Median annual Brownstown, IL tax bill: $1,358, $1,042 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Brownstown, 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 Brownstown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brownstown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brownstown, Fayette County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.21%
Estimate Property Tax Bill
$1,620
$1,504
Property Tax Rates Across Brownstown, Fayette 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. 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 Brownstown’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Brownstown, located in Fayette County, has a median property tax rate of 2.21%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Illinois, Brownstown's property tax rate is among the highest in the state. The effective tax rate in Brownstown is consistent across the county, highlighting the uniformity in property tax assessments within this region. For property owners in Brownstown, understanding these rates is crucial for effective financial planning and ensuring they are not overpaying on their property taxes.
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 Brownstown Taxx Rate
2.21%
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 Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Brownstown, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62418 | 1.31% | 1.87% | 2.21% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Brownstown, Fayette County, Illinois
When examining property taxes in Brownstown, 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.
In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of June. 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 Brownstown. For example, the median home price in Brownstown is $73,318, with tax bills ranging significantly across the county. Zip code 62418 has the highest median home price at $73,318.
Property Tax Assessment Values Across Brownstown, Fayette County, Illinois
Source: Ownwell
$37,206
$63,704
$90,201
Median Brownstown Market Value
$73,318
Median Fayette County Market Value
$73,758
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Brownstown, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62418 | $14,076 | $32,027 | $73,318 | $124,301 | $174,499 |
Source: Ownwell
Property Tax Bills Across Brownstown, Fayette County, Illinois
In Brownstown, 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 tax bill. For homeowners in this region, the property tax bill can vary significantly. The 25th percentile tax bill is $592, while the 75th percentile reaches $2,366, and the 90th percentile goes up to $3,510. The median property tax rate in Brownstown is notably higher than the national median, impacting homeowners considerably.
Homeowners may find their tax bills burdensome, especially when compared to the national median property tax bill of $2,400. This is where Ownwell steps in to assist. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team of experts analyzes property assessments and identifies opportunities for savings, ensuring homeowners pay only their fair share. This can lead to significant financial relief for those burdened by high property taxes.
Median Brownstown Tax Bill
$1,358
Median Fayette County Tax Bill
$1,347
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Brownstown, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62418 | $276 | $592 | $1,358 | $2,366 | $3,510 |
Source: Ownwell