Shawneetown, Gallatin County, Illinois Property Taxes

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

Median Shawneetown, IL effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Shawneetown, IL home value: $39,798
Median annual Shawneetown, IL tax bill: $429, $1,971 lower than the national median property tax bill of $2,400.

How are property taxes in Gallatin County calculated?

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

Last Updated March 1, 2025

Shawneetown, Gallatin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$720

$668

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

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties calculate their necessary budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although this process involves votes and legislation to set tax rates and budgets, it essentially follows this annual routine.

In Shawneetown, located in Gallatin County, the effective property tax rate is a reflection of this process. Compared to other cities in Illinois, Shawneetown's rate is notably higher than the national median property tax rate of 1.02%. This means residents in Shawneetown may face higher property tax bills than in many other parts of the country. Illinois itself has a median property tax rate that surpasses the national average, making it one of the states with the highest property tax burdens. Understanding these rates and how they are assessed can provide valuable insight for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Shawneetown, 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 Shawneetown Tax Rate

1.81%

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 Shawneetown, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62984	0.17%	0.54%	1.81%	2.70%	3.12%

Source: Ownwell

Property Tax Assessment Values Across Shawneetown, Gallatin County, Illinois

When examining property taxes in Shawneetown, 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 Assessor 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 Shawneetown.

For example, the median home price in Shawneetown is $39,798, with tax bills ranging significantly across the county. Zip code 62984 has the highest median home price at $39,798.

Property Tax Assessment Values Across Shawneetown, Gallatin County, Illinois

Source: Ownwell

$28,064

$56,176

$84,288

Median Shawneetown Market Value

$39,798

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 Shawneetown, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62984	$5,934	$16,017	$39,798	$70,791	$111,594

Source: Ownwell

Property Tax Bills Across Shawneetown, Gallatin County, Illinois

In Shawneetown, located in 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 local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and improvements can influence its assessed value. The median home price in Shawneetown is $39,798, which contributes to varying tax bills across the region. For instance, tax bills range from the 25th percentile at $120 to the 90th percentile at $2,504. The median property tax bill in Shawneetown is $429, significantly lower than the national median of $2,400. This disparity highlights the potential savings for homeowners in this area. Ownwell can assist homeowners in Shawneetown by reviewing their property assessments for inaccuracies and filing appeals to reduce tax liabilities. By leveraging local expertise, Ownwell ensures homeowners pay only their fair share, potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Shawneetown, Gallatin County, Illinois

Source: Ownwell

$209

$759

$1,309

Median Shawneetown Tax Bill

$429

Median Gallatin County Tax Bill

$496

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Shawneetown, Gallatin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62984	$36	$120	$429	$1,336	$2,504

Source: Ownwell