Marietta, Illinois Property Taxes
The median property tax rate in Marietta, IL is 3.03%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Marietta, the typical annual property tax bill reaches $467, which is below the national median of $2,690. Property taxes in Marietta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marietta'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 Marietta or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marietta, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$1,459
$1,354
Ownwell’s Marietta Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marietta to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more granular data, you can scroll down to explore localized trends within neighborhoods. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Marietta, Illinois
Property taxes in Marietta, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marietta is 3.03%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Marietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marietta 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 Marietta's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61459 zip code has the highest median property tax rate of 3.03%, while the 61459 zip code also has the lowest median tax rate of 3.03%. Understanding how these areas compare with Marietta provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marietta Tax Rate
3.03%
Average Fulton County Tax Rate
2.71%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marietta, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61459 | 1.54% | 2.47% | 3.03% | 3.04% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Marietta, Illinois
In Marietta, 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 Fulton County Appraisal District 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 Marietta, 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. By understanding the distinction between 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 Marietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Marietta are both $467, found in the 61459 zip code.
Average Marietta Assessed Value
$48,139
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 Marietta, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61459 | $10,709 | $17,358 | $48,139 | $94,730 | $153,772 |
Source: Ownwell
Property Tax Bills Across Marietta, Illinois
Property tax bills in Marietta, located in Fulton County, IL, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Marietta, the median home price stands at $48,139. The tax bills can vary significantly, with the 25th percentile at $125 and the 75th percentile reaching $877. At the 90th percentile, homeowners might see tax bills as high as $1,711. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. The highest and lowest median tax bills in Marietta are both $467, suggesting a level of consistency in the area. Compared to the national median property tax rate of 0.99%, homeowners in Marietta may find their tax bills relatively manageable, depending on their property's assessed value and the specific local tax rate. This system ensures that property taxes are distributed in a way that reflects the value of the property and its contribution to local services and infrastructure.
Average Marietta Tax Bill
$467
Average Fulton County Tax Bill
$1,058
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Marietta, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61459 | $94 | $125 | $467 | $877 | $1,711 |
Source: Ownwell