White Hall, Illinois Property Taxes
The median property tax rate in White Hall, IL is 2.08%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in White Hall at $50,408, the typical annual property tax bill reaches $943, which is below the national median of $2,690. Property taxes in White Hall 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 White Hall'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 White Hall 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
White Hall, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$1,048
$973
Ownwell’s White Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Hall 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 Greene County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Hall, Illinois
Property taxes in White Hall, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Hall is 2.08%, significantly higher than the U.S. national median of 0.99%. Local government entities within White Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Hall 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 White Hall's effective property tax rate to other areas in Illinois and the national median. For comparison, the zip code 62092 has both the highest and lowest median property tax rate of 2.08%. Understanding how these areas compare with White Hall 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 White Hall Tax Rate
2.08%
Average Greene County Tax Rate
2.00%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Hall, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62092 | 0.98% | 1.52% | 2.08% | 2.86% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across White Hall, Illinois
In White Hall, 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 Assessor's Office 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 White Hall, 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 White Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in White Hall is $50,408, with tax bills ranging from $440 at the 25th percentile to $2,472 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 62092, with a median tax bill of $943.
Average White Hall Assessed Value
$50,408
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 White Hall, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62092 | $12,118 | $30,307 | $50,408 | $79,015 | $111,744 |
Source: Ownwell
Property Tax Bills Across White Hall, Illinois
In White Hall, located in Greene County, IL, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value determined by the county assessor. Various factors influence this assessed value, including the property's location, size, and condition. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. Homeowners in White Hall experience a wide range of property tax bills. For instance, the 25th percentile tax bill is around $440, while the 75th percentile tax bill reaches $1,639. Those in the 90th percentile can see bills as high as $2,472. Comparatively, the highest and lowest median tax bills in the area both stand at $943, which is notably below the national median property tax rate of 0.99%. This relatively lower tax burden can make White Hall an attractive place for homeowners, potentially leading to increased affordability and financial stability.
Average White Hall Tax Bill
$943
Average Greene County Tax Bill
$1,090
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across White Hall, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62092 | $213 | $440 | $943 | $1,639 | $2,472 |
Source: Ownwell