Buckner, Franklin County, Illinois Property Taxes

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

Median Buckner, IL effective property tax rate: 2.23%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Buckner, IL home value: $35,865
Median annual Buckner, IL tax bill: $825, $1,575 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Buckner, Franklin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.23%

Estimate Property Tax Bill

$800

$742

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

Property Tax Rates Across Buckner, Franklin County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to fund services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Buckner, located in Franklin County, IL, the effective property tax rate offers a unique perspective when compared to other cities within Illinois and the broader national landscape. With a median property tax rate significantly higher than the national median of 1.02%, Buckner stands out. The property tax rate in Buckner is higher than not just the national average, but also mirrors the highest median tax rate within the state. This makes it crucial for property owners in Buckner to be aware of these rates and consider appealing their property tax assessments to potentially reduce their tax burden. Understanding and navigating these rates can provide significant financial relief and ensure that property owners are not overpaying in taxes.

Property Tax Rates Across Buckner, Franklin County, Illinois

Source: Ownwell

1.91%

2.49%

3.07%

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 Buckner Tax Rate

2.23%

Median Effective Franklin County Tax Rate

2.37%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buckner, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62819	0.82%	2.10%	2.23%	2.23%	2.26%

Source: Ownwell

Property Tax Assessment Values Across Buckner, Franklin County, Illinois

When examining property taxes in Buckner, Illinois, 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 Franklin 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 Franklin 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 Buckner. For example, the median home price in Buckner is $35,865, with tax bills ranging significantly across the county. Zip code 62819 has the highest median home price at $35,865.

Property Tax Assessment Values Across Buckner, Franklin County, Illinois

Source: Ownwell

$17,325

$57,900

$98,475

Median Buckner Market Value

$35,865

Median Franklin County Market Value

$55,530

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buckner, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62819	$3,954	$7,448	$35,865	$95,130	$183,690

Source: Ownwell

Property Tax Bills Across Buckner, Franklin County, Illinois

In Buckner, Franklin County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by local authorities. Homeowners in Buckner face a median property tax bill of $825. This is significantly lower than the national median property tax bill of $2,400. However, property tax bills can vary widely within the area, with the 25th percentile at $398 and the 90th percentile reaching $4,465. These variations depend on factors such as property size, location, and any applicable exemptions. High property tax bills can place a financial burden on homeowners, making it crucial to ensure accurate assessments. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burden. By identifying discrepancies in assessments and filing appeals, Ownwell helps homeowners in Buckner save on their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Buckner, Franklin County, Illinois

Source: Ownwell

$527

$1,791

$3,054

Median Buckner Tax Bill

$825

Median Franklin County Tax Bill

$1,464

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Buckner, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62819	$126	$398	$825	$2,224	$4,465

Source: Ownwell