Sesser, Illinois Property Taxes
The median property tax rate in Sesser, IL is 2.30%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Sesser, the typical annual property tax bill reaches $1,549, surpassing the national median of $2,690. Property taxes in Sesser are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sesser's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sesser or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sesser, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$1,414
$1,312
Ownwell’s Sesser Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sesser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sesser to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Franklin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sesser, Illinois
Property taxes in Sesser, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sesser is 2.30%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Sesser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sesser estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Sesser's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62884 has the highest median property tax rate of 2.30%, while also having the lowest median tax rate of 2.30%. Understanding how these cities compare with Sesser provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sesser Tax Rate
2.30%
Average Franklin County Tax Rate
2.37%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sesser, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62884 | 0.89% | 1.81% | 2.30% | 2.88% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Sesser, Illinois
In Sesser, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Franklin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Sesser, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Sesser helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Sesser's median home price is $61,485, with property tax bills ranging from $748 at the 25th percentile to $3,791 at the 90th percentile. The highest and lowest median tax bills are both $1,549, found in the zip code 62884.
Average Sesser Assessed Value
$61,485
Average Franklin County Assessed Value
$55,530
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sesser, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62884 | $4,080 | $24,146 | $61,485 | $107,554 | $158,110 |
Source: Ownwell
Property Tax Bills Across Sesser, Illinois
In Sesser, located in Franklin County, IL, property tax bills are determined by assessing the market value of a home and then applying the local tax rate. The median home price in Sesser is $61,485. Property tax rates in the area are based on the assessed value, which is typically a percentage of the market value. Homeowners in Sesser can expect their tax bills to vary significantly, with the 25th percentile tax bill at $748 and the 75th percentile tax bill at $2,699. At the 90th percentile, tax bills can reach up to $3,791. These tax bills are influenced by factors such as property size, location, and any applicable exemptions. For comparison, the national median property tax rate stands at 0.99%. Higher property taxes can impact homeowners by increasing the overall cost of owning a home, while lower taxes can make homeownership more affordable. Understanding these factors can help homeowners in Sesser better anticipate their annual property tax obligations.
Average Sesser Tax Bill
$1,549
Average Franklin County Tax Bill
$1,464
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Sesser, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62884 | $227 | $748 | $1,549 | $2,699 | $3,791 |
Source: Ownwell