Ewing, Franklin County, Illinois Property Taxes
Median Ewing, IL effective property tax rate: 2.91%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ewing, IL home value: $98,475
Median annual Ewing, IL tax bill: $3,054, $654 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Ewing, 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 Ewing’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ewing, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ewing, Franklin County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.91%
Estimate Property Tax Bill
$2,866
$2,659
Property Tax Rates Across Ewing, 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 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.
In Ewing, located in Franklin County, Illinois, the effective property tax rate is significantly higher than the national median of 1.02%. This reflects the local government's approach to generating revenue for public services. When compared to other cities in Illinois, Ewing stands out with its tax rate, which is among the highest in the state. This rate also surpasses the national median property tax bill of $2400, indicating a heavier tax burden on property owners in this region. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By comparing Ewing’s property tax rate to state and national medians, residents can gain insight into their financial obligations and explore potential savings through property tax appeals and exemptions.
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 Ewing Tax Rate
2.91%
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 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 Ewing, Franklin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62836 | 1.82% | 2.52% | 2.91% | 3.48% | 4.38% |
Source: Ownwell
Property Tax Assessment Values Across Ewing, Franklin County, Illinois
When examining property taxes in Ewing, 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 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 Ewing. For example, the median home price in Ewing is $98,475, with tax bills ranging significantly across the county. Zip code 62836 has the highest median home price at $98,475.
Property Tax Assessment Values Across Ewing, Franklin County, Illinois
Source: Ownwell
$17,325
$57,900
$98,475
Median Ewing Market Value
$98,475
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 Ewing, Franklin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62836 | $4,098 | $40,800 | $98,475 | $159,900 | $203,850 |
Source: Ownwell
Property Tax Bills Across Ewing, Franklin County, Illinois
Median Ewing Tax Bill
$3,054
Median Franklin County Tax Bill
$1,464
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Ewing, Franklin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62836 | $518 | $1,869 | $3,054 | $4,909 | $6,517 |
Source: Ownwell