Carbon Hill, Grundy County, Illinois Property Taxes

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

Median Carbon Hill, IL effective property tax rate: 2.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Carbon Hill, IL home value: $52,952
Median annual Carbon Hill, IL tax bill: $1,077, $1,323 lower than the national median property tax bill of $2,400.

How are property taxes in Grundy County calculated?

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

Last Updated March 1, 2025

Carbon Hill, Grundy County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.03%

Estimate Property Tax Bill

$1,075

$998

Ownwell’s Carbon Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carbon Hill with just two data points.

By entering your property's estimated assessed value, our calculator applies Carbon Hill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Grundy 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 Grundy County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carbon Hill, Grundy County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Carbon Hill’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Carbon Hill, Grundy County, Illinois

Source: Ownwell

1.70%

2.45%

3.20%

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 Carbon Hill Taxx Rate

2.03%

Median Effective Grundy County Taxx Rate

2.61%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Carbon Hill, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60416	2.03%	2.03%	2.03%	2.03%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Carbon Hill, Grundy County, Illinois

When examining property taxes in Carbon Hill, 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 Grundy 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 Grundy 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 Carbon Hill. For example, the median home price in Carbon Hill is $52,952, with tax bills ranging significantly across the county. Zip code 60416 has the highest median home price at $52,952.

Property Tax Assessment Values Across Carbon Hill, Grundy County, Illinois

Source: Ownwell

$52,952

$138,277

$223,602

Median Carbon Hill Market Value

$52,952

Median Grundy County Market Value

$145,632

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Carbon Hill, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60416	$18,766	$32,513	$52,952	$130,843	$186,970

Source: Ownwell

Property Tax Bills Across Carbon Hill, Grundy County, Illinois

In Carbon Hill, located in Grundy County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value. With a median home price of $52,952, homeowners in Carbon Hill face varying tax bills. For instance, the 25th percentile pays around $665, while the 75th percentile sees bills as high as $2,661. Some homeowners even encounter tax bills reaching $3,803 at the 90th percentile, reflecting a significant portion of their home value. Although the median property tax bill in the area is $1,077, which is below the national median of $2,400, it can still be a burden for many. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing individual cases and identifying potential discrepancies in assessed values, Ownwell helps homeowners reduce their tax liabilities, ensuring they don't overpay and can potentially save hundreds or thousands of dollars annually.

Property Tax Bills Across Carbon Hill, Grundy County, Illinois

Source: Ownwell

$1,077

$3,591

$6,104

Median Carbon Hill Tax Bill

$1,077

Median Grundy County Tax Bill

$3,869

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Carbon Hill, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60416	$382	$665	$1,077	$2,661	$3,803

Source: Ownwell