Zeigler, Illinois Property Taxes
The median property tax rate in Zeigler, IL is 3.05%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Zeigler at $18,570, the typical annual property tax bill amounts to $527, which is notably lower than the national median of $2,690. Property taxes in Zeigler are calculated based on the tax assessed value, which is often below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Zeigler'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 Zeigler or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zeigler, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.05%
Estimate Property Tax Bill
$566
$526
Ownwell’s Zeigler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zeigler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zeigler 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Zeigler, Illinois
Property taxes in Zeigler, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zeigler is 3.05%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Zeigler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zeigler 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 Zeigler's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62999 zip code has both the highest and lowest median property tax rate of 3.05%. Understanding how these cities compare with Zeigler 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 Zeigler Tax Rate
3.05%
Average Franklin County Tax Rate
2.37%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zeigler, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62999 | 1.08% | 1.58% | 3.05% | 3.05% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Zeigler, Illinois
In Zeigler, 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 Assessment Office 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 Zeigler, 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. The median home price in Zeigler is $18,570, with tax bills ranging from $175 at the 25th percentile to $1,319 at the 90th percentile. Notably, the zip code 62999 has the highest median tax bill at $527. By understanding 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 Zeigler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Zeigler Assessed Value
$18,570
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 Zeigler, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62999 | $4,476 | $6,548 | $18,570 | $36,915 | $44,331 |
Source: Ownwell
Property Tax Bills Across Zeigler, Illinois
In Zeigler, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor. The assessed value is a percentage of the home's market value. Homeowners in Zeigler, located in Franklin County, face property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $175, while the 75th percentile tax bill reaches $964, and the 90th percentile goes up to $1,319. These variations reflect differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, the property taxes in Zeigler can be quite variable. The highest median tax bill in the area is $527, which falls within the zip code 62999. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Zeigler Tax Bill
$527
Average Franklin County Tax Bill
$1,464
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Zeigler, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62999 | $101 | $175 | $527 | $964 | $1,319 |
Source: Ownwell