Elizabethtown, Gallatin County, Illinois Property Taxes

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

Median Elizabethtown, IL effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Elizabethtown, IL home value: $51,184. Median annual Elizabethtown, IL tax bill: $654, $1,746 lower than the national median property tax bill of $2,400.

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

Last Updated March 1, 2025

Elizabethtown, Gallatin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.75%

Estimate Property Tax Bill

$896

$831

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

Local government entities are responsible for setting tax rates, which can vary significantly within Illinois. This variance is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Elizabethtown, located in Gallatin County, the effective property tax rate stands at 1.75%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the local government's budgetary needs and the total assessed value of properties in the area. When comparing Elizabethtown's property tax rate to other cities in Illinois, it's essential to consider the unique factors that influence these rates, such as the county's budgetary requirements and property values. Understanding these factors can provide valuable insights into how property taxes are determined and why they may differ from one location to another.

Property Tax Rates Across Elizabethtown, 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 Elizabethtown Taxx Rate

1.75%

Median Effective Gallatin County Taxx Rate

1.71%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Elizabethtown, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62931	0.42%	0.92%	1.75%	2.09%	3.62%

Source: Ownwell

Property Tax Assessment Values Across Elizabethtown, Gallatin County, Illinois

When examining property taxes in Elizabethtown, 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 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 Gallatin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Elizabethtown. For example, the median home price in Elizabethtown is $51,184, with tax bills ranging significantly across the county. Zip code 62931 has the highest median home price at $51,184.

Property Tax Assessment Values Across Elizabethtown, Gallatin County, Illinois

Source: Ownwell

$28,064

$56,176

$84,288

Median Elizabethtown Market Value

$51,184

Median Gallatin County Market Value

$44,390

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Elizabethtown, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62931	$7,545	$26,230	$51,184	$70,204	$93,926

Source: Ownwell

Property Tax Bills Across Elizabethtown, Gallatin County, Illinois

In Elizabethtown, located in Gallatin County, IL, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors who evaluate the property's market value and apply the state’s assessment ratio. The median home price in Elizabethtown is $51,184, leading to a range of annual tax bills. Homeowners in the 25th percentile pay around $318, while those in the 75th percentile face bills around $1,182. The highest median tax bill in the area is $654, which is below the national median of $2,400. Factors affecting these bills include property characteristics, local tax rates, and applicable exemptions. For homeowners, high property taxes can strain finances, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially lower their tax bills. Our team reviews assessments, identifies inaccuracies, and files appeals, ensuring our clients pay only their fair share. This service can lead to significant savings, easing the burden of property taxes.

Property Tax Bills Across Elizabethtown, Gallatin County, Illinois

Source: Ownwell

$209

$759

$1,309

Median Elizabethtown Tax Bill

$654

Median Gallatin County Tax Bill

$496

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Elizabethtown, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62931	$105	$318	$654	$1,182	$1,772

Source: Ownwell