Fairview, Fulton County, Illinois Property Taxes

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

Median Fairview, IL effective property tax rate: 3.20%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Fairview, IL home value: $62,147
Median annual Fairview, IL tax bill: $1,084, $1,316 lower than the national median property tax bill of $2,400.

How are property taxes in Fulton calculated?

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

Last Updated March 1, 2025

Fairview, Fulton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.2%

Estimate Property Tax Bill

$1,989

$1,845

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

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides 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. Below, you can compare Fairview’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Fairview, located in Fulton County, has an effective property tax rate of 3.20%, which is significantly higher than the national median property tax rate of 1.02%. This rate is also higher than the median property tax bill of $2400 in the U.S. The property tax rate in Fairview is among the highest in the state, making it crucial for property owners to explore potential tax appeal opportunities. Understanding these dynamics can help property owners make informed decisions about their property taxes.

Property Tax Rates Across Fairview, 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 Fairview Taxx Rate

3.20%

Median Effective Fulton County Taxx Rate

2.71%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Fairview, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61432	1.48%	2.06%	3.20%	3.20%	3.20%

Source: Ownwell

Property Tax Assessment Values Across Fairview, Fulton County, Illinois

When examining property taxes in Fairview, 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 May. 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 Fairview.

For example, the median home price in Fairview is $62,147, with tax bills ranging significantly across the county. Zip code 61432 has the highest median home price at $62,147.

Property Tax Assessment Values Across Fairview, Fulton County, Illinois

Source: Ownwell

$26,937

$71,044

$115,150

Median Fairview Market Value

$62,147

Median Fulton County Market Value

$71,967

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Fairview, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61432	$23,615	$42,688	$62,147	$83,701	$110,036

Source: Ownwell

Property Tax Bills Across Fairview, Fulton County, Illinois

In Fairview, 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 local tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's location, market conditions, and any applicable exemptions. With a median home price of $62,147, homeowners in Fairview face tax bills that vary significantly. For instance, tax bills range from $382 at the 25th percentile to $2,181 at the 90th percentile, reflecting diverse property values and tax burdens. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Fairview's tax landscape presents both challenges and opportunities for homeowners. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they pay only their fair share. By leveraging expert knowledge and local insights, Ownwell helps reduce tax bills, easing the financial burden on homeowners in Fairview.

Property Tax Bills Across Fairview, Fulton County, Illinois

Source: Ownwell

$467

$949

$1,430

Median Fairview Tax Bill

$1,084

Median Fulton County Tax Bill

$1,058

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Fairview, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61432	$187	$382	$1,084	$1,585	$2,181

Source: Ownwell