Eldorado, Gallatin County, Illinois Property Taxes

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

Median Eldorado, IL effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Eldorado, IL home value: $73,173. Median annual Eldorado, IL tax bill: $1,309, $1,091 lower than the national median property tax bill of $2,400. How are property taxes in Gallatin calculated? Property taxes in Eldorado, 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 Eldorado’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eldorado, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Eldorado, Gallatin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$1,390

$1,290

Ownwell’s Eldorado Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eldorado with just two data points. By entering your property's estimated assessed value, our calculator applies Eldorado’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 Gallatin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eldorado, Gallatin County, Illinois

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 Eldorado’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Eldorado, Gallatin County, Illinois

Source: Ownwell

1.25%

1.59%

1.93%

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 Eldorado Tax Rate

1.90%

Median Effective Gallatin County Tax Rate

1.71%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eldorado, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62930	1.06%	1.67%	1.90%	2.58%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Eldorado, Gallatin County, Illinois

When examining property taxes in Eldorado, 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 Gallatin County Assessor's Office 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 Gallatin 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 Eldorado. For example, the median home price in Eldorado is $73,173, with tax bills ranging significantly across the county. Zip code 62930 has the highest median home price at $73,173.

Property Tax Assessment Values Across Eldorado, Gallatin County, Illinois

Source: Ownwell

$28,064

$56,176

$84,288

Median Eldorado Market Value

$73,173

Median Gallatin County Market Value

$44,390

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eldorado, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62930	$24,827	$57,238	$73,173	$108,788	$142,058

Source: Ownwell

Property Tax Bills Across Eldorado, Gallatin County, Illinois

In Eldorado, located in Gallatin County, IL, property tax bills are calculated based on the assessed value of homes, which is a percentage of the market value. The local tax rate is then applied to this assessed value, determining the final tax bill. For homeowners in Eldorado, the median home price stands at $73,173, with tax bills ranging significantly. The 25th percentile tax bill is $650, while the 75th percentile reaches $2,032, and the 90th percentile peaks at $2,327. These figures highlight the variability in tax obligations, influenced by factors such as property value assessments and local tax rates. Compared to the national median property tax bill of $2,400, Eldorado's tax bills can be relatively moderate yet still burdensome for some homeowners. Ownwell offers valuable assistance by helping homeowners appeal their property assessments, potentially lowering their tax bills. By leveraging expertise in property tax laws and local market conditions, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Eldorado, Gallatin County, Illinois

Source: Ownwell

$209

$759

$1,309

Median Eldorado Tax Bill

$1,309

Median Gallatin County Tax Bill

$496

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Eldorado, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62930	$448	$650	$1,309	$2,032	$2,327

Source: Ownwell