Vandalia, Fayette County, Illinois Property Taxes

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

Median Vandalia, IL effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Vandalia, IL home value: $67,476. Median annual Vandalia, IL tax bill: $1,398, $1,002 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

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

Last Updated March 1, 2025

Vandalia, Fayette County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$1,538

$1,428

Ownwell’s Vandalia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vandalia with just two data points.

By entering your property's estimated assessed value, our calculator applies Vandalia’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 Vandalia, Fayette County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 Vandalia’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Vandalia, located in Fayette County, has a median property tax rate of 2.28%, which is notably higher than the national median of 1.02%. This places Vandalia among the cities with the highest property tax rates in Illinois. Despite the higher rate, understanding the factors that contribute to these rates can empower property owners to make informed decisions about property tax appeals and exemptions. Keeping abreast of local tax rate trends can offer valuable insights for homeowners looking to manage their property tax obligations effectively.

Property Tax Rates Across Vandalia, 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 Vandalia Taxx Rate

2.28%

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 Vandalia, Fayette County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62471	1.45%	1.96%	2.28%	2.42%	2.94%

Source: Ownwell

Property Tax Assessment Values Across Vandalia, Fayette County, Illinois

When examining property taxes in Vandalia, 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 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 Vandalia.

For example, the median home price in Vandalia is $67,476, with tax bills ranging significantly across the county. Zip code 62471 has the highest median home price at $67,476.

Property Tax Assessment Values Across Vandalia, Fayette County, Illinois

Source: Ownwell

$37,206

$63,704

$90,201

Median Vandalia Market Value

$67,476

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 Vandalia, Fayette County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62471	$10,278	$33,120	$67,476	$124,812	$178,859

Source: Ownwell

Property Tax Bills Across Vandalia, Fayette County, Illinois

In Vandalia, 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 market value of the property. For homeowners in Vandalia, the median property tax bill is $1,398, which is below the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate, which may vary based on local government budgets and needs. Homeowners may find themselves paying anywhere from the 25th percentile tax bill of $679 to the 90th percentile of $3,760, depending on these factors.

High property taxes can significantly impact homeowners' budgets. Ownwell offers professional property tax appeal services to help reduce these costs. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners in Vandalia pay only their fair share. This service can lead to substantial savings, bringing relief to property owners burdened by high tax bills.

Property Tax Bills Across Vandalia, Fayette County, Illinois

Source: Ownwell

$847

$1,318

$1,789

Median Vandalia Tax Bill

$1,398

Median Fayette County Tax Bill

$1,347

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Vandalia, Fayette County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62471	$222	$679	$1,398	$2,510	$3,760

Source: Ownwell