Logan, Franklin County, Illinois Property Taxes

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

Median Logan, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Logan, IL home value: $30,262
Median annual Logan, IL tax bill: $597, $1,803 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Logan, Franklin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$723

$671

Ownwell’s Logan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Logan with just two data points. By entering your property's estimated assessed value, our calculator applies Logan’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 Logan, Franklin County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Logan’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Logan, located in Franklin County, has a property tax rate that matches the highest and lowest median tax rates within the state, both pegged at 2.39%. This rate is significantly higher than the national median property tax rate of 1.02%. Consequently, property owners in Logan pay more than double the national median property tax bill of $2,400. The state of Illinois, with its varied tax rates, showcases a diverse landscape of property tax obligations, making it crucial for property owners to stay informed and consider appealing their property tax assessments when necessary.

Property Tax Rates Across Logan, 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 Logan Tax Rate

2.39%

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 Logan, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62856	0.25%	0.82%	2.39%	2.70%	3.06%

Source: Ownwell

Property Tax Assessment Values Across Logan, Franklin County, Illinois

When examining property taxes in Logan, 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 Franklin 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 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 Logan.

For example, the median home price in Logan is $30,262, with tax bills ranging significantly across the county. Zip code 62856 has the highest median home price at $30,262.

Property Tax Assessment Values Across Logan, Franklin County, Illinois

Source: Ownwell

$17,325

$57,900

$98,475

Median Logan Market Value

$30,262

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 Logan, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62856	$3,063	$5,936	$30,262	$62,426	$90,951

Source: Ownwell

Property Tax Bills Across Logan, Franklin County, Illinois

In Logan, Franklin County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Logan is $30,262, significantly lower than the national median. This lower market value contributes to a relatively modest property tax bill. The median property tax bill in Logan is $597, which is considerably below the national median of $2,400. Property taxes can vary widely within the area, with the 25th percentile tax bill at $85 and the 90th percentile reaching $1,953. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For homeowners seeking to reduce their tax burden, Ownwell offers expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills, ensuring they only pay their fair share. This service can be particularly beneficial in areas where property values and taxes fluctuate.

Property Tax Bills Across Logan, Franklin County, Illinois

Source: Ownwell

$527

$1,791

$3,054

Median Logan Tax Bill

$597

Median Franklin County Tax Bill

$1,464

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Logan, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62856	$23	$85	$597	$1,578	$1,953

Source: Ownwell