Ellisville, Fulton County, Illinois Property Taxes

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

Median Ellisville, IL effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Ellisville, IL home value: $47,207
Median annual Ellisville, IL tax bill: $852, $1,548 lower than the national median property tax bill of $2,400.

How are property taxes in Fulton calculated?

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

Last Updated March 1, 2025

Ellisville, Fulton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$1,124

$1,043

Ownwell’s Ellisville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellisville with just two data points. By entering your property's estimated assessed value, our calculator applies Ellisville’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 Fulton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ellisville, Fulton County, Illinois

Local government entities determine tax rates, which can vary significantly within Illinois. Each county annually estimates its budgetary needs for public services and divides this by the total assessed value of all taxable property in its area, resulting in the property tax rate. This process, though influenced by votes and legislation, is essentially how rates are set each year. In Ellisville, located in Fulton County, the effective property tax rate stands out when compared to other cities in Illinois and the national median. While the national median property tax rate is 1.02%, Ellisville's rate is considerably higher, reflecting the specific budgetary requirements and property values in the area. This highlights the importance of understanding local property tax dynamics, as they can significantly impact homeowners' expenses. By comparing Ellisville’s effective property tax rate to other cities in Illinois and the broader U.S. median, residents can gain valuable insights into how their property tax obligations align with regional and national trends. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Ellisville, Fulton County, Illinois

Source: Ownwell

1.39%

2.49%

3.59%

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 Ellisville Tax Rate

2.38%

Median Effective Fulton County Tax Rate

2.71%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ellisville, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61431	0.57%	1.30%	2.38%	3.05%	3.05%

Source: Ownwell

Property Tax Assessment Values Across Ellisville, Fulton County, Illinois

When examining property taxes in Ellisville, 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 Fulton 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 Fulton 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 Ellisville.

For example, the median home price in Ellisville is $47,207, with tax bills ranging significantly across the county. ZIP code 61431 has the highest median home price at $47,207.

Property Tax Assessment Values Across Ellisville, Fulton County, Illinois

Source: Ownwell

$26,937

$71,044

$115,150

Median Ellisville Market Value

$47,207

Median Fulton County Market Value

$71,967

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ellisville, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61431	$8,192	$22,418	$47,207	$92,432	$138,516

Source: Ownwell

Property Tax Bills Across Ellisville, Fulton County, Illinois

In Ellisville, Fulton County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Ellisville is $47,207, with property tax bills ranging from the 25th percentile at $613 to the 90th percentile at $1,294. These figures reflect the local tax rate applied to the assessed value, which can vary depending on specific factors like location and local government budgets. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Ellisville homeowners generally experience lower property tax bills. However, property taxes can still be a significant expense for homeowners. Ownwell assists by offering property tax appeal and exemption services, helping homeowners ensure their property is assessed fairly. By working with Ownwell, homeowners can potentially reduce their tax bills, ensuring they are not overpaying and making property ownership more affordable.

Property Tax Bills Across Ellisville, Fulton County, Illinois

Source: Ownwell

$467

$949

$1,430

Median Ellisville Tax Bill

$852

Median Fulton County Tax Bill

$1,058

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Ellisville, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61431	$281	$613	$852	$1,045	$1,294

Source: Ownwell