Ashkum, Iroquois County, Illinois Property Taxes

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

Median Ashkum, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but higher than the Illinois state median of 2.35%.
Median Ashkum, IL home value: $148,575
Median annual Ashkum, IL tax bill: $3,265, $865 higher than the national median property tax bill of $2,400.

How are property taxes in Iroquois calculated?

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

Last Updated March 1, 2025

Ashkum, Iroquois County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$3,551

$3,295

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

Property Tax Rates Across Ashkum, Iroquois 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 Ashkum’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Ashkum, located in Iroquois County, reflects an effective property tax rate of 2.39%, which is significantly higher than the national median property tax rate of 1.02%. This percentage indicates that Ashkum's property tax rate is more than double the national average, highlighting the importance of understanding local tax obligations. Property owners in Ashkum may find it beneficial to explore potential property tax appeals or exemptions to manage their tax liabilities effectively.

Property Tax Rates Across Ashkum, Iroquois County, Illinois

Source: Ownwell

2.29%

2.65%

3.01%

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 Ashkum Taxx Rate

2.39%

Median Effective Iroquois County Taxx Rate

2.59%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Ashkum, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60911	1.74%	2.02%	2.39%	2.73%	2.91%

Source: Ownwell

Property Tax Assessment Values Across Ashkum, Iroquois County, Illinois

When examining property taxes in Ashkum, 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 Iroquois 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 Iroquois County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Ashkum.

For example, the median home price in Ashkum is $148,575, with tax bills ranging significantly across the county. Zip code 60911 has the highest median home price at $148,575.

Property Tax Assessment Values Across Ashkum, Iroquois County, Illinois

Source: Ownwell

$79,238

$114,214

$149,190

Median Ashkum Market Value

$148,575

Median Iroquois County Market Value

$114,710

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Ashkum, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60911	$40,073	$74,876	$148,575	$200,381	$271,568

Source: Ownwell

Property Tax Bills Across Ashkum, Iroquois County, Illinois

In Ashkum, located in Iroquois 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 to determine the annual tax bill. Factors such as local government budgets and community services significantly influence these rates. Homeowners in Ashkum face varying tax bills, with the 25th percentile at $1,768 and the 75th percentile reaching $5,187. This reflects the disparity in property values and local tax rates within the area. The highest median tax bill in the region is $3,265, aligning with the national median property tax bill of $2,400.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and comparing them with market trends, Ownwell can challenge over-assessments, potentially reducing the tax burden. This service is crucial for homeowners seeking to manage their expenses and ensure they are not overpaying on property taxes.

Property Tax Bills Across Ashkum, Iroquois County, Illinois

Source: Ownwell

$2,117

$3,220

$4,322

Median Ashkum Tax Bill

$3,265

Median Iroquois County Tax Bill

$3,017

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Ashkum, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60911	$1,096	$1,768	$3,265	$5,187	$7,059

Source: Ownwell