Liverpool, Fulton County, Illinois Property Taxes

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

Median Liverpool, IL effective property tax rate: 3.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Liverpool, IL home value: $26,937
Median annual Liverpool, IL tax bill: $866, $1,534 lower than the national median property tax bill of $2,400.

How are property taxes in Fulton calculated?

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

Last Updated March 1, 2025

Liverpool, Fulton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.03%

Estimate Property Tax Bill

$816

$757

Ownwell’s Liverpool Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Liverpool with just two data points.

By entering your property's estimated assessed value, our calculator applies Liverpool’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 Liverpool, Fulton County, Illinois

Local government entities are responsible for setting property tax rates, which can greatly differ across a state. This is primarily because each county annually calculates its required budget for essential services and then divides this figure by the total assessed value of all taxable property within its borders, resulting in the property tax rate. Although the process involves various votes and legal considerations, this is essentially how it works every year.

In Liverpool, located in 17057, Illinois, the effective property tax rate stands at 3.03%, which is notably higher than the national median of 1.02%. This places Liverpool among the regions with the highest property tax rates in the state, as the rate does not vary within the county. When comparing to other cities in Illinois, Liverpool's rate is significantly above the state median, reflecting the unique financial requirements and property values within the area. This comparison highlights the diverse property tax landscape across Illinois and underscores the importance of understanding local tax obligations.

Property Tax Rates Across Liverpool, 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 Liverpool Taxx Rate

3.03%

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 Liverpool, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61543	1.56%	2.35%	3.03%	3.04%	3.04%

Source: Ownwell

Property Tax Assessment Values Across Liverpool, Fulton County, Illinois

When examining property taxes in Liverpool, 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 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 Liverpool.

For example, the median home price in Liverpool is $26,937, with tax bills ranging significantly across the county. Zip code 61543 has the highest median home price at $26,937.

Property Tax Assessment Values Across Liverpool, Fulton County, Illinois

Source: Ownwell

$26,937

$71,044

$115,150

Median Liverpool Market Value

$26,937

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 Liverpool, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61543	$4,871	$8,806	$26,937	$50,323	$80,306

Source: Ownwell

Property Tax Bills Across Liverpool, Fulton County, Illinois

In Liverpool, located in Fulton County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. The median home price in Liverpool is $26,937, which is significantly lower than the national median, resulting in a median property tax bill that is also below the national median of $2,400. Homeowners in this area can expect tax bills ranging from $525 at the 25th percentile to $1,347 at the 90th percentile. These taxes contribute to local services such as schools, infrastructure, and emergency services. Ownwell assists homeowners by reviewing their property assessments and identifying potential savings through appeals and exemptions. By leveraging their expertise, homeowners can ensure they are not overpaying and potentially reduce their property tax burden, freeing up funds for other expenses.

Property Tax Bills Across Liverpool, Fulton County, Illinois

Source: Ownwell

$467

$949

$1,430

Median Liverpool Tax Bill

$866

Median Fulton County Tax Bill

$1,058

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Liverpool, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61543	$352	$525	$866	$1,097	$1,347

Source: Ownwell