West Frankfort, Franklin County, Illinois Property Taxes

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

Median WEST FRANKFORT, 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 WEST FRANKFORT, IL home value: $47,325
Median annual WEST FRANKFORT, IL tax bill: $1,317, $1,083 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

West Frankfort, 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

$1,131

$1,050

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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 West Frankfort, located in Franklin County, the effective property tax rate stands at 2.39%. This rate is significantly higher than the national median property tax rate of 1.02%. The higher rate reflects the county's budgetary needs and the total value of taxable property in the area. Despite this, property owners in West Frankfort can benefit from appealing their property taxes or seeking exemptions to potentially lower their tax bills. By comparing West Frankfort’s property tax rate to the national median, property owners can better understand their tax obligations and explore opportunities for savings.

Property Tax Rates Across West Frankfort, 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 West Frankfort 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 West Frankfort, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62896	1.03%	1.80%	2.39%	3.25%	3.32%

Source: Ownwell

Property Tax Assessment Values Across West Frankfort, Franklin County, Illinois

When examining property taxes in West Frankfort, 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 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 West Frankfort. For example, the median home price in West Frankfort is $47,325, with tax bills ranging significantly across the county. Zip code 62896 has the highest median home price at $47,325.

Property Tax Assessment Values Across West Frankfort, Franklin County, Illinois

Source: Ownwell

$17,325

$57,900

$98,475

Median West Frankfort Market Value

$47,325

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 West Frankfort, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62896	$7,368	$29,415	$47,325	$92,730	$157,416

Source: Ownwell

Property Tax Bills Across West Frankfort, Franklin County, Illinois

In West Frankfort, located in Franklin County, IL, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate to determine the tax bill. For homeowners in West Frankfort, tax bills can vary significantly. The 25th percentile tax bill is $688, while the 75th percentile reaches $2,113, and the 90th percentile hits $3,568. The median tax bill in the area stands at $1,317, which is below the national median of $2,400. Factors influencing these bills include changes in home values, local tax rates, and available exemptions. High tax bills can strain homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden. Our team reviews your assessment for inaccuracies and files appeals on your behalf, ensuring you pay only your fair share.

Property Tax Bills Across West Frankfort, Franklin County, Illinois

Source: Ownwell

$527

$1,791

$3,054

Median West Frankfort Tax Bill

$1,317

Median Franklin County Tax Bill

$1,464

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across West Frankfort, Franklin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62896	$241	$688	$1,317	$2,113	$3,568

Source: Ownwell