Roodhouse, Illinois Property Taxes
The median property tax rate in Roodhouse, IL is 2.20%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Roodhouse, the typical annual property tax bill reaches $963, which is significantly lower than the national median of $2,690. Property taxes in Roodhouse are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roodhouse's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Roodhouse or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roodhouse, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$1,045
$970
Ownwell’s Roodhouse Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Roodhouse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roodhouse to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Roodhouse, Illinois
Property taxes in Roodhouse, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roodhouse is 2.20%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Roodhouse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roodhouse estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Roodhouse's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62082 zip code has the highest median property tax rate of 2.20%, while the same zip code also has the lowest median tax rate of 2.20%. Understanding how these cities compare with Roodhouse provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roodhouse Tax Rate
2.20%
Average Greene County Tax Rate
2.00%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roodhouse, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62082 | 1.04% | 1.63% | 2.20% | 3.23% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Roodhouse, Illinois
In Roodhouse, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Greene County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Roodhouse, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Roodhouse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Roodhouse is $47,495, with tax bills ranging from $496 at the 25th percentile to $2,438 at the 90th percentile. The zip code 62082 has the highest and lowest median tax bill, both at $963.
Average Roodhouse Assessed Value
$47,495
Average Greene County Assessed Value
$57,802
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roodhouse, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62082 | $14,492 | $28,464 | $47,495 | $71,048 | $101,319 |
Source: Ownwell
Property Tax Bills Across Roodhouse, Illinois
In Roodhouse, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value, and this percentage can vary by jurisdiction. Homeowners in Roodhouse can expect their property tax bills to be influenced by several factors, including the property's location within Greene County, any applicable exemptions, and the local tax rate. For instance, the median home price in Roodhouse is $47,495. With the national median property tax rate at 0.99%, homeowners in this area might see a tax bill that reflects this rate, though local rates and assessments can cause variations. The tax bill can range significantly, with the 25th percentile at $496 and the 75th percentile at $1,652, reaching up to $2,438 at the 90th percentile. These property tax bills directly impact homeowners by influencing their overall cost of homeownership. Higher tax bills can affect affordability and the long-term financial planning of residents in Roodhouse.
Average Roodhouse Tax Bill
$963
Average Greene County Tax Bill
$1,090
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Roodhouse, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62082 | $240 | $496 | $963 | $1,652 | $2,438 |
Source: Ownwell