Table Grove, Fulton County, Illinois Property Taxes

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

Median Table Grove, IL effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Table Grove, IL home value: $58,154
Median annual Table Grove, IL tax bill: $954, $1,446 lower than the national median property tax bill of $2,400.

How are property taxes in Fulton calculated?

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

Last Updated March 1, 2025

Table Grove, Fulton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.89%

Estimate Property Tax Bill

$1,681

$1,560

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

Local government entities in Illinois set tax rates, leading to significant variation within the state. This variation occurs because each year, counties like Fulton estimate the budget needed for essential services and divide this by the total assessed value of all taxable properties. This calculation determines the property tax rate. Although the process involves votes and laws, this is essentially how it works annually.

In Table Grove, located in Fulton County, the effective property tax rate is 2.89%, which is notably higher than the national median of 1.02%. This rate is also the highest and lowest within the region, indicating a uniformity in the area. When compared to the national median property tax bill of $2,400, homeowners in Table Grove may find themselves paying more due to the higher rate.

Understanding these variations can help property owners make informed decisions about their tax obligations and potential appeals.

Property Tax Rates Across Table Grove, 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 Table Grove Taxx Rate

2.89%

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 Table Grove, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61482	1.50%	2.21%	2.89%	3.60%	3.65%

Source: Ownwell

Property Tax Assessment Values Across Table Grove, Fulton County, Illinois

When examining property taxes in Table Grove, 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.

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 Table Grove.

For example, the median home price in Table Grove is $58,154, with tax bills ranging significantly across the county. Zip code 61482 has the highest median home price at $58,154.

Property Tax Assessment Values Across Table Grove, Fulton County, Illinois

Source: Ownwell

$26,937

$71,044

$115,150

Median Table Grove Market Value

$58,154

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 Table Grove, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61482	$14,483	$33,762	$58,154	$91,028	$138,214

Source: Ownwell

Property Tax Bills Across Table Grove, Fulton County, Illinois

In Table Grove, located in Fulton County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area face a median property tax bill of $954, significantly below the national median of $2,400. This lower tax bill is a result of the area's relatively modest median home price of $58,154. Property tax rates can vary within the county, affecting the overall tax burden on homeowners. For instance, tax bills range from the 25th percentile at $559 to the 90th percentile at $2,929, reflecting differences in property values and tax rates. Homeowners might find these taxes burdensome, especially if their property is assessed at a higher value than its market worth. Ownwell assists homeowners by appealing property tax assessments, potentially lowering their tax bills. By leveraging expert knowledge and local data, Ownwell ensures homeowners pay no more than their fair share, offering peace of mind and potential savings.

Property Tax Bills Across Table Grove, Fulton County, Illinois

Source: Ownwell

$467

$949

$1,430

Median Table Grove Tax Bill

$954

Median Fulton County Tax Bill

$1,058

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Table Grove, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61482	$226	$559	$954	$2,002	$2,929

Source: Ownwell