Piper City, Ford County, Illinois Property Taxes
Median Piper City, IL effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Piper City, IL home value: $74,310
Median annual Piper City, IL tax bill: $1,800, $600 lower than the national median property tax bill of $2,400.
How are property taxes in Ford calculated?
Property taxes in Piper 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 Piper City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Piper City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Piper City, Ford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.63%
Estimate Property Tax Bill
$1,954
$1,814
Property Tax Rates Across Piper City, Ford County, Illinois
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Piper City, located in Ford County, IL, the effective property tax rate stands at 2.63%. This is significantly higher compared to the national median property tax rate of 1.02%. The median property tax bill in Piper City also tends to be higher than the national median of $2,400. Such a high tax rate can impact homeowners' finances, making it crucial to explore property tax appeal and exemption services.
Comparing Piper City's effective property tax rate to other cities in Illinois highlights the variability within the state. While Piper City’s rate is one of the highest, understanding these differences can empower homeowners to make informed decisions about their property taxes and potential savings.
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 Piper City Tax Rate
2.63%
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 Ford County Tax Rate
2.52%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Piper City, Ford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60959 | 1.43% | 2.08% | 2.63% | 2.96% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across Piper City, Ford County, Illinois
When examining property taxes in Piper 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 Ford 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 Ford 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 Piper City. For example, the median home price in Piper City is $74,310, with tax bills ranging significantly across the county. 60959 has the highest median home price at $74,310.
Property Tax Assessment Values Across Piper City, Ford County, Illinois
Source: Ownwell
$34,920
$115,628
$196,335
Median Piper City Market Value
$74,310
Median Ford County Market Value
$93,960
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Piper City, Ford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60959 | $27,990 | $43,005 | $74,310 | $110,640 | $167,655 |
Source: Ownwell
Property Tax Bills Across Piper City, Ford County, Illinois
Median Piper City Tax Bill
$1,800
Median Ford County Tax Bill
$2,272
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Piper City, Ford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60959 | $477 | $923 | $1,800 | $2,881 | $4,566 |
Source: Ownwell