Shobonier, Fayette County, Illinois Property Taxes
Median Shobonier, IL effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Shobonier, IL home value: $90,201
Median annual Shobonier, IL tax bill: $1,695, $705 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Shobonier, 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 Shobonier’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shobonier, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shobonier, Fayette County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.11%
Estimate Property Tax Bill
$1,903
$1,766
Property Tax Rates Across Shobonier, Fayette County, Illinois
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually 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. Votes and laws are involved in setting tax rates and budgets, but in a nutshell, this is the annual process.
In Shobonier, located in Fayette County, Illinois, the effective property tax rate is a reflection of this process. The median property tax rate in Illinois is higher than the national median, with Shobonier's rate aligning with the state's median of 2.11%. This rate is notably higher than the national median property tax rate of 1.02%.
Comparing Shobonier’s effective property tax rate to other cities in Illinois and the U.S. highlights the significant variation that can occur within a state and across the nation. This emphasizes the importance of understanding local tax rates and their impact on property owners.
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 Shobonier Tax Rate
2.11%
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 Tax Rate
2.13%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shobonier, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62885 | 1.33% | 1.78% | 2.11% | 2.27% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Shobonier, Fayette County, Illinois
When examining property taxes in Shobonier, 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 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.
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 Shobonier.
For example, the median home price in Shobonier is $90,201, with tax bills ranging significantly across the county. Zip code 62885 has the highest median home price at $90,201.
Property Tax Assessment Values Across Shobonier, Fayette County, Illinois
Source: Ownwell
$37,206
$63,704
$90,201
Median Shobonier Market Value
$90,201
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 Shobonier, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62885 | $21,503 | $54,359 | $90,201 | $134,012 | $180,290 |
Source: Ownwell
Property Tax Bills Across Shobonier, Fayette County, Illinois
In Shobonier, located in Fayette County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which in this region is influenced by factors such as location, property size, and market trends. Homeowners in Shobonier can expect a median property tax bill of around $1,695, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $940 and the 90th percentile reaching $3,528.
These taxes have a substantial impact on homeowners, affecting affordability and financial planning. This is where Ownwell can make a difference. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure they are not overpaying on their property taxes. Through expert analysis and representation, Ownwell identifies opportunities for savings, potentially lowering the tax burden and allowing homeowners to allocate resources more effectively.
Median Shobonier Tax Bill
$1,695
Median Fayette County Tax Bill
$1,347
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Shobonier, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62885 | $458 | $940 | $1,695 | $2,600 | $3,528 |
Source: Ownwell