Scheller, Franklin County, Illinois Property Taxes
Median Scheller, IL effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Scheller, IL home value: $74,325
Median annual Scheller, IL tax bill: $1,653, $747 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Scheller, 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 Scheller’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Scheller, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Scheller, Franklin County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.26%
Estimate Property Tax Bill
$1,680
$1,559
Property Tax Rates Across Scheller, Franklin County, Illinois
Local government entities set property tax rates, which can vary widely within Illinois. This variation occurs because each county annually estimates its required budget to provide essential services and divides it 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 these rates and budgets, this is essentially how the annual process works.
In Scheller, located in Franklin County, the effective property tax rate is notably higher than the national median of 1.02%. When compared to other cities in Illinois, Scheller's rate reflects the state's trend of having some of the highest property tax rates in the nation. While the median property tax rate in Illinois is significantly above the national median, Scheller's rate stands out even within the state. For homeowners, this means a higher property tax bill compared to the national median of $2,400. Understanding these rates can help residents make informed decisions about property ownership and financial planning.
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 Scheller Tax Rate
2.26%
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 Scheller, Franklin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62883 | 1.41% | 1.83% | 2.26% | 2.72% | 3.26% |
Source: Ownwell
Property Tax Assessment Values Across Scheller, Franklin County, Illinois
When examining property taxes in Scheller, 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 assessment 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 Scheller. For example, the median home price in Scheller is $74,325, with tax bills ranging significantly across the county. Zip code 62883 has the highest median home price at $74,325.
Property Tax Assessment Values Across Scheller, Franklin County, Illinois
Source: Ownwell
$17,325
$57,900
$98,475
Median Scheller Market Value
$74,325
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 Scheller, Franklin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62883 | $23,664 | $57,345 | $74,325 | $107,025 | $121,098 |
Source: Ownwell
Property Tax Bills Across Scheller, Franklin County, Illinois
Median Scheller Tax Bill
$1,653
Median Franklin County Tax Bill
$1,464
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Scheller, Franklin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62883 | $672 | $1,077 | $1,653 | $2,550 | $3,509 |
Source: Ownwell