Carrollton, Greene County, Illinois Property Taxes

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

Median Carrollton, IL effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Carrollton, IL home value: $90,100
Median annual Carrollton, IL tax bill: $1,536, $864 lower than the national median property tax bill of $2,400.

How are property taxes in Greene calculated?

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

Last Updated March 1, 2025

Carrollton, Greene County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.88%

Estimate Property Tax Bill

$1,694

$1,572

Ownwell’s Carrollton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carrollton with just two data points. By entering your property's estimated assessed value, our calculator applies Carrollton’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 Greene County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carrollton, Greene County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. Carrollton in Greene County, Illinois, offers a unique perspective on property tax rates. With a median property tax rate of 1.88%, Carrollton stands out in comparison to the state's average. This rate is notably higher than the national median property tax rate of 1.02%. The property tax rates in Illinois can vary widely, but Carrollton's rate is consistent within its region, reflecting the local government's budgetary needs and property values. By understanding these factors, property owners can better navigate their tax liabilities and explore potential savings through appeals or exemptions. Comparing Carrollton’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. provides valuable insights for property owners seeking to manage their property tax obligations.

Property Tax Rates Across Carrollton, Greene County, Illinois

Source: Ownwell

1.60%

2.00%

2.41%

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 Carrollton Tax Rate

1.88%

Median Effective Greene County Tax Rate

2.00%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carrollton, Greene County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62016	1.15%	1.54%	1.88%	2.16%	2.41%

Source: Ownwell

Property Tax Assessment Values Across Carrollton, Greene County, Illinois

When examining property taxes in Carrollton, 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 Greene 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 Greene 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 Carrollton. For example, the median home price in Carrollton is $90,100, with tax bills ranging significantly across the county. Zip code 62016 has the highest median home price at $90,100.

Property Tax Assessment Values Across Carrollton, Greene County, Illinois

Source: Ownwell

$12,179

$51,140

$90,100

Median Carrollton Market Value

$90,100

Median Greene County Market Value

$57,802

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carrollton, Greene County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62016	$31,011	$56,070	$90,100	$124,236	$173,825

Source: Ownwell

Property Tax Bills Across Carrollton, Greene County, Illinois

In Carrollton, Greene County, IL, property tax bills are calculated based on the assessed value of a property, which is determined as a percentage of the market value. The local tax rate is then applied to this assessed value to compute the tax bill. Factors such as property location, size, and use can impact the assessed value, thereby affecting the tax bill. Homeowners in Carrollton face a median property tax bill of $1,536, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $872 and the 90th percentile reaching $3,364. Such variability underscores the importance of ensuring an accurate assessment. Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing assessments and identifying discrepancies, Ownwell can help ensure fair taxation, offering peace of mind and potential savings for homeowners in Carrollton.

Property Tax Bills Across Carrollton, Greene County, Illinois

Source: Ownwell

$177

$857

$1,536

Median Carrollton Tax Bill

$1,536

Median Greene County Tax Bill

$1,090

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Carrollton, Greene County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62016	$359	$872	$1,536	$2,325	$3,364

Source: Ownwell