Ridgway, Gallatin County, Illinois Property Taxes

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

Median Ridgway, IL effective property tax rate: 1.93%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ridgway, IL home value: $54,588
Median annual Ridgway, IL tax bill: $659, $1,741 lower than the national median property tax bill of $2,400.

How are property taxes in Gallatin calculated?

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

Last Updated March 1, 2025

Ridgway, Gallatin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.93%

Estimate Property Tax Bill

$1,054

$978

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Ridgway, located in Gallatin County, the effective property tax rate is notably higher than the national median of 1.02%. The median property tax rate here stands at 1.93%, which is significantly above the U.S. average. This means that property owners in Ridgway face higher tax bills compared to many other regions across the country. The higher tax rate reflects the county's budgetary requirements and the value of taxable properties within the jurisdiction. Comparing Ridgway's tax rate to other cities in Illinois and the national median highlights the disparities in property tax burdens across different regions.

Property Tax Rates Across Ridgway, 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 Ridgway Taxx Rate

1.93%

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 Ridgway, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62979	0.20%	0.60%	1.93%	2.62%	3.19%

Source: Ownwell

Property Tax Assessment Values Across Ridgway, Gallatin County, Illinois

When examining property taxes in Ridgway, 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 the season. 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 Ridgway.

For example, the median home price in Ridgway is $54,588, with tax bills ranging significantly across the county. Zip code 62979 has the highest median home price at $54,588.

Property Tax Assessment Values Across Ridgway, Gallatin County, Illinois

Source: Ownwell

$28,064

$56,176

$84,288

Median Ridgway Market Value

$54,588

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 Ridgway, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62979	$11,637	$28,671	$54,588	$85,929	$131,325

Source: Ownwell

Property Tax Bills Across Ridgway, Gallatin County, Illinois

In Ridgway, located in Gallatin County, Illinois, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $54,588, which influences the overall property tax bill. Homeowners in Ridgway typically see tax bills ranging from $199 at the 25th percentile to $2,823 at the 90th percentile, with a median tax bill of $659. This is significantly lower than the national median property tax bill of $2,400. The tax rate in Ridgway is influenced by local government budgets and the needs of public services, which can vary annually. For homeowners, understanding these factors is crucial as they directly impact the affordability of home ownership. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and ensuring they are fair and accurate, Ownwell helps reduce tax liabilities, potentially saving homeowners substantial amounts on their property tax bills.

Property Tax Bills Across Ridgway, Gallatin County, Illinois

Source: Ownwell

$209

$759

$1,309

Median Ridgway Tax Bill

$659

Median Gallatin County Tax Bill

$496

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Ridgway, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62979	$57	$199	$659	$1,761	$2,823

Source: Ownwell