Norris City, Gallatin County, Illinois Property Taxes
Median Norris City, IL effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Norris City, IL home value: $84,288
Median annual Norris City, IL tax bill: $936, $1,464 lower than the national median property tax bill of $2,400.
How are property taxes in Gallatin County calculated?
Property taxes in Norris City, 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 City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norris City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Norris City, Gallatin County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.85%
Estimate Property Tax Bill
$1,559
$1,447
Property Tax Rates Across Norris City, Gallatin County, Illinois
Local government entities determine tax rates, which can vary significantly within a state. Each county sets its budget annually to fund necessary services and divides it by the total value of all taxable property in its area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core process followed each year.
In Norris City, located in Gallatin County, the effective property tax rate stands at 1.85%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Norris City's rate aligns with the highest and lowest median tax rates within the same zip code, which is 62869. This reflects the uniformity within the area.
Understanding these rates is crucial for property owners aiming to manage their expenses effectively. By comparing Norris City's tax rate with both state and national medians, property owners can better assess their tax liabilities and explore potential savings through appeals or exemptions.
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 City Taxx Rate
1.85%
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 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 Norris City, Gallatin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62869 | 0.19% | 1.02% | 1.85% | 2.01% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Norris City, Gallatin County, Illinois
When examining property taxes in Norris City, 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 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 City.
For example, the median home price in Norris City is $84,288, with tax bills ranging significantly across the county. The 62869 zip code has the highest median home price at $84,288.
Property Tax Assessment Values Across Norris City, Gallatin County, Illinois
Source: Ownwell
$28,064
$56,176
$84,288
Median Norris City Market Value
$84,288
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 Norris City, Gallatin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62869 | $44,321 | $50,001 | $84,288 | $97,317 | $135,408 |
Source: Ownwell
Property Tax Bills Across Norris City, Gallatin County, Illinois
In Norris City, located in Gallatin County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which in Norris City, averages at $84,288. Homeowners in this area face a median property tax bill of $936, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $540 and the 90th percentile reaching $2,503.
Factors influencing these variations include the property's location, improvements, and the specific tax rate applied by local authorities. High property taxes can be a burden for homeowners, potentially affecting their financial stability. This is where Ownwell can make a difference. By leveraging expert knowledge and experience, Ownwell helps homeowners in Norris City appeal their property tax assessments and secure exemptions, potentially reducing their tax bills. This service ensures homeowners pay only their fair share, enhancing their financial well-being.
Median Norris City Tax Bill
$936
Median Gallatin County Tax Bill
$496
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Norris City, Gallatin County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62869 | $185 | $540 | $936 | $1,881 | $2,503 |
Source: Ownwell