Fulton County Property Taxes
The median property tax rate in Fulton County is 2.71%, 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 Fulton County, the typical annual property tax bill reaches $1,058, which is below the national median of $2,690. Property taxes in Fulton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Fulton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Canton or another part of Fulton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fulton County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.71%
Estimate Property Tax Bill
$1,950
$1,810
Ownwell’s Fulton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fulton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fulton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Fulton County, Illinois
Property taxes in Fulton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fulton County is 2.71%, which is significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Fulton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fulton County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Vermont has one of the higher property tax rates in Illinois at 3.59%, while the city of Banner boasts one of the lowest at 1.39%. Analyzing how Fulton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fulton County Tax Rate
2.71%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fulton County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Astoria | 1.71% | 2.26% | 2.82% | 3.52% | 3.52% |
| Avon | 1.26% | 1.79% | 2.62% | 3.08% | 3.08% |
| Banner | 1.33% | 1.35% | 1.39% | 1.87% | 2.16% |
| Bryant | 1.81% | 2.67% | 2.70% | 2.70% | 2.71% |
| Canton | 1.62% | 2.19% | 2.74% | 3.40% | 3.40% |
| Cuba | 1.43% | 1.98% | 2.79% | 3.20% | 3.20% |
| Dunfermline | 1.64% | 2.09% | 2.63% | 2.63% | 2.63% |
| Ellisville | 0.57% | 1.30% | 2.38% | 3.05% | 3.05% |
| Fairview | 1.48% | 2.06% | 3.20% | 3.20% | 3.20% |
| Farmington | 1.47% | 2.06% | 2.60% | 3.27% | 3.27% |
| Fiatt | 1.59% | 1.89% | 2.69% | 2.70% | 2.70% |
| Glasford | 1.28% | 2.12% | 2.43% | 2.43% | 2.62% |
| Havana | 1.38% | 1.60% | 1.97% | 2.34% | 2.56% |
| Ipava | 1.79% | 2.16% | 3.03% | 3.23% | 3.23% |
| Lewistown | 1.53% | 2.11% | 3.04% | 3.05% | 3.05% |
| Liverpool | 1.56% | 2.35% | 3.03% | 3.04% | 3.04% |
| London Mills | 1.27% | 1.85% | 3.12% | 3.13% | 3.13% |
| Marietta | 1.54% | 2.47% | 3.03% | 3.04% | 3.05% |
| Norris | 1.61% | 1.96% | 2.69% | 2.69% | 2.75% |
| Prairie City | N/A | N/A | N/A | N/A | N/A |
| Saint Augustine | N/A | N/A | N/A | N/A | N/A |
| Saint David | 1.19% | 1.54% | 2.74% | 2.74% | 2.75% |
| Smithfield | 1.94% | 2.23% | 2.87% | 3.64% | 3.64% |
| Table Grove | 1.50% | 2.21% | 2.89% | 3.60% | 3.65% |
| Trivoli | N/A | N/A | N/A | N/A | N/A |
| Vermont | 1.17% | 2.02% | 3.59% | 3.60% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Fulton County, Illinois
In Fulton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Fulton County Appraisal District. The assessed value, however, 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. Assessment notices in Fulton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Farmington has the highest median tax bill at $1,430, while Marietta has the lowest at $467. Being aware of these valuation processes in Fulton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Fulton County Assessed Value
$71,967
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fulton County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Astoria | $11,183 | $27,207 | $52,852 | $79,106 | $117,931 |
| Avon | $20,973 | $35,315 | $59,189 | $77,448 | $104,078 |
| Banner | $22,688 | $43,784 | $66,726 | $92,125 | $128,282 |
| Bryant | $10,535 | $30,233 | $53,003 | $76,104 | $118,957 |
| Canton | $34,324 | $55,045 | $78,258 | $115,285 | $158,949 |
| Cuba | $29,568 | $48,859 | $81,712 | $127,748 | $175,532 |
| Dunfermline | $22,636 | $46,689 | $69,715 | $123,828 | $170,633 |
| Ellisville | $8,192 | $22,418 | $47,207 | $92,432 | $138,516 |
| Fairview | $23,615 | $42,688 | $62,147 | $83,701 | $110,036 |
| Farmington | $39,177 | $63,108 | $90,511 | $125,630 | $177,688 |
| Fiatt | $22,060 | $32,493 | $50,931 | $60,165 | $70,246 |
| Glasford | $41,102 | $60,286 | $115,150 | $173,401 | $195,874 |
| Havana | $20,235 | $44,580 | $101,202 | $125,240 | $136,534 |
| Ipava | $11,964 | $29,280 | $51,622 | $77,628 | $110,294 |
| Lewistown | $23,964 | $48,078 | $74,129 | $104,895 | $139,084 |
| Liverpool | $4,871 | $8,806 | $26,937 | $50,323 | $80,306 |
| London Mills | $11,045 | $28,356 | $49,684 | $72,658 | $98,822 |
| Marietta | $10,709 | $17,358 | $48,139 | $94,730 | $153,772 |
| Norris | $17,883 | $42,567 | $60,720 | $78,626 | $95,129 |
| Prairie City | N/A | N/A | N/A | N/A | N/A |
| Saint Augustine | N/A | N/A | N/A | N/A | N/A |
| Saint David | $19,477 | $37,582 | $56,306 | $77,763 | $107,729 |
| Smithfield | $11,817 | $20,886 | $49,640 | $92,380 | $139,490 |
| Table Grove | $14,483 | $33,762 | $58,154 | $91,028 | $138,214 |
| Trivoli | N/A | N/A | N/A | N/A | N/A |
| Vermont | $7,580 | $21,652 | $39,910 | $55,406 | $81,892 |
Source: Ownwell
Property Tax Bills Across Fulton County, Illinois
In Fulton County, IL, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors influencing the tax bill include the property's location, as different areas within the county may have varying tax rates, and any applicable exemptions or deductions. For instance, the median home price in Fulton County is $71,967. Homeowners in the 25th percentile can expect a tax bill around $579, while those in the 75th percentile might see a bill closer to $1,819. At the 90th percentile, tax bills can reach up to $2,621. The city of Farmington has the highest median tax bill in the county at $1,430, whereas Marietta enjoys the lowest at $467. Compared to the national median property tax rate of 0.99%, Fulton County's rates can significantly impact homeowners, making it crucial to understand the local tax landscape.
Average Fulton County Tax Bill
$1,058
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Fulton County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Astoria | $247 | $442 | $765 | $1,372 | $2,290 |
| Avon | $287 | $399 | $786 | $1,351 | $1,953 |
| Banner | $497 | $520 | $558 | $596 | $619 |
| Bryant | $196 | $282 | $923 | $1,192 | $1,318 |
| Canton | $455 | $807 | $1,401 | $2,138 | $2,960 |
| Cuba | $286 | $612 | $1,152 | $1,855 | $2,974 |
| Dunfermline | $241 | $483 | $815 | $1,161 | $2,164 |
| Ellisville | $281 | $613 | $852 | $1,045 | $1,294 |
| Fairview | $187 | $382 | $1,084 | $1,585 | $2,181 |
| Farmington | $508 | $880 | $1,430 | $2,328 | $3,274 |
| Fiatt | $242 | $533 | $535 | $1,048 | $1,127 |
| Glasford | $260 | $336 | $1,212 | $3,461 | $4,321 |
| Havana | $355 | $508 | $764 | $1,019 | $1,172 |
| Ipava | $228 | $605 | $940 | $1,648 | $2,379 |
| Lewistown | $346 | $670 | $1,109 | $1,840 | $2,681 |
| Liverpool | $352 | $525 | $866 | $1,097 | $1,347 |
| London Mills | $173 | $386 | $693 | $1,210 | $1,846 |
| Marietta | $94 | $125 | $467 | $877 | $1,711 |
| Norris | $382 | $708 | $1,010 | $1,355 | $1,827 |
| Prairie City | N/A | N/A | N/A | N/A | N/A |
| Saint Augustine | N/A | N/A | N/A | N/A | N/A |
| Saint David | $291 | $530 | $761 | $1,496 | $2,292 |
| Smithfield | $294 | $675 | $869 | $1,538 | $1,975 |
| Table Grove | $226 | $559 | $954 | $2,002 | $2,929 |
| Trivoli | N/A | N/A | N/A | N/A | N/A |
| Vermont | $152 | $291 | $708 | $1,130 | $1,606 |
Source: Ownwell