Junction, Gallatin County, Illinois Property Taxes

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

Median Junction, IL effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Junction, IL home value: $53,596
Median annual Junction, IL tax bill: $608, $1,792 lower than the national median property tax bill of $2,400.

How are property taxes in Gallatin calculated?

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

Last Updated March 1, 2025

Junction, Gallatin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.67%

Estimate Property Tax Bill

$895

$831

Ownwell’s Junction Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Junction with just two data points.

By entering your property's estimated assessed value, our calculator applies Junction’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 Junction, Gallatin County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Junction’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Junction, located in Gallatin County, has a median property tax rate of 1.67%, which is notably higher than the national median of 1.02%. This rate also stands as both the highest and lowest within its zip code, 62954. With the national median property tax bill at $2400, Junction’s residents might find themselves paying more than the average American homeowner. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively and explore potential savings through appeals and exemptions.

Property Tax Rates Across Junction, 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 Junction Tax Rate

1.67%

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 Junction, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62954	0.20%	0.56%	1.67%	2.29%	2.78%

Source: Ownwell

Property Tax Assessment Values Across Junction, Gallatin County, Illinois

When examining property taxes in Junction, 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 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 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 Junction. For example, the median home price in Junction is $53,596, with tax bills ranging significantly across the county. Zip code 62954 has the highest median home price at $53,596.

Property Tax Assessment Values Across Junction, Gallatin County, Illinois

Source: Ownwell

$28,064

$56,176

$84,288

Median Junction Market Value

$53,596

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 Junction, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62954	$7,787	$24,653	$53,596	$89,250	$130,686

Source: Ownwell

Property Tax Bills Across Junction, Gallatin County, Illinois

In Junction, Gallatin County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Junction is $53,596. Property taxes are influenced by local tax rates and the assessed value of the property. Homeowners in Junction face a property tax bill that can range significantly. For instance, the 25th percentile tax bill is $143, while the 75th percentile reaches $1,402, and the 90th percentile can be as high as $2,529. The median property tax bill in the area is $608, which is considerably lower than the national median of $2,400. This indicates that while some homeowners may pay more, the typical tax burden is less than the national average. Ownwell can assist homeowners in Junction by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners may reduce their tax bills, ensuring they only pay what is necessary based on accurate assessments.

Property Tax Bills Across Junction, Gallatin County, Illinois

Source: Ownwell

$209

$759

$1,309

Median Junction Tax Bill

$608

Median Gallatin County Tax Bill

$496

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Junction, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62954	$50	$143	$608	$1,402	$2,529

Source: Ownwell