Norris, Fulton County, Illinois Property Taxes
Median Norris, IL effective property tax rate: 2.69%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Norris, IL home value: $60,720
Median annual Norris, IL tax bill: $1,010, $1,390 lower than the national median property tax bill of $2,400.
How are property taxes in Fulton calculated?
Property taxes in Norris, 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 Norris’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norris, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Norris, Fulton County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.69%
Estimate Property Tax Bill
$1,633
$1,516
Property Tax Rates Across Norris, Fulton County, Illinois
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 Norris Taxx Rate
2.69%
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 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 Norris, Fulton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61553 | 1.61% | 1.96% | 2.69% | 2.69% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Norris, Fulton County, Illinois
When examining property taxes in Norris, 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.
Assessment notices: 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 Norris. For example, the median home price in Norris is $60,720, with tax bills ranging significantly across the county. 61553 has the highest median home price at $60,720.
Property Tax Assessment Values Across Norris, Fulton County, Illinois
Source: Ownwell
$26,937
$71,044
$115,150
Median Norris Market Value
$60,720
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 Norris, Fulton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61553 | $17,883 | $42,567 | $60,720 | $78,626 | $95,129 |
Source: Ownwell
Property Tax Bills Across Norris, Fulton County, Illinois
In Norris, located in Fulton County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Norris is $60,720. Property tax rates in this area are influenced by various factors, including local government budgets and school district funding needs. Homeowners in Norris can expect property tax bills ranging from $708 at the 25th percentile to $1,827 at the 90th percentile, with a median tax bill of $1,010. This median tax bill is lower than the national median of $2,400, providing some relief to homeowners. However, property taxes can still be a significant expense.
Ownwell helps homeowners in Norris reduce their property tax bills by identifying potential savings through appeals and exemptions. By analyzing local tax assessments and ensuring accuracy, Ownwell can help homeowners achieve fair tax rates. This can lead to substantial savings, allowing homeowners to better manage their budgets and invest in their properties.
Median Norris Tax Bill
$1,010
Median Fulton County Tax Bill
$1,058
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Norris, Fulton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61553 | $382 | $708 | $1,010 | $1,355 | $1,827 |
Source: Ownwell