Patterson, Greene County, Illinois Property Taxes
Median Patterson, IL effective property tax rate: 2.41%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Patterson, IL home value: $12,179
Median annual Patterson, IL tax bill: $177, $2,223 lower than the national median property tax bill of $2,400.
How are property taxes in Greene calculated?
Property taxes in Patterson, 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 Patterson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Patterson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Patterson, Greene County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.41%
Estimate Property Tax Bill
$294
$272
Property Tax Rates Across Patterson, Greene County, Illinois
Local government entities set tax rates, which can vary widely within a state. 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.
In Patterson, located in Greene County, Illinois, the effective property tax rate is a significant factor for homeowners. The median property tax rate here stands at 2.41%, which is considerably higher than the national median of 1.02%. This means homeowners in Patterson pay a substantial amount more in property taxes compared to the average American.
Comparatively, the highest and lowest median tax rates in the state are also at 2.41%, indicating a uniformity in tax rates across the county. Understanding these rates can help residents make informed decisions about property ownership and financial planning.
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 Patterson Tax Rate
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 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 Patterson, Greene County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62078 | 0.93% | 1.33% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Patterson, Greene County, Illinois
When examining property taxes in Patterson, 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 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 April. 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 Patterson. For example, the median home price in Patterson is $12,179, with tax bills ranging significantly across the county. Zip code 62078 has the highest median home price at $12,179.
Property Tax Assessment Values Across Patterson, Greene County, Illinois
Source: Ownwell
$12,179
$51,140
$90,100
Median Patterson Market Value
$12,179
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 Patterson, Greene County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62078 | $2,672 | $5,270 | $12,179 | $32,143 | $51,275 |
Source: Ownwell
Property Tax Bills Across Patterson, Greene County, Illinois
In Patterson, located in Greene County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the property tax bill. The median home price in Patterson is $12,179, which is considerably lower than the national median. Consequently, property tax bills here are relatively modest, with the 25th percentile at $114 and the 75th percentile at $435. However, for some homeowners, these bills can reach up to $715 at the 90th percentile.
These tax bills can significantly impact homeowners, especially when they rise unexpectedly or are perceived as unfairly high. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. With a deep understanding of local tax policies and valuation methods, Ownwell can identify discrepancies in assessments and advocate for fairer tax amounts, ultimately leading to potential savings for homeowners in Patterson.
Median Patterson Tax Bill
$177
Median Greene County Tax Bill
$1,090
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Patterson, Greene County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62078 | $64 | $114 | $177 | $435 | $715 |
Source: Ownwell