Ava, Illinois Property Taxes
The median property tax rate in Ava, IL is 2.21%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Ava at $88,384, the typical annual property tax bill reaches $1,912, exceeding the national median of $2,690. Property taxes in Ava 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 Ava'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 Ava 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
Ava, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$1,953
$1,909
Ownwell’s AVA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AVA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AVA 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 Ava, Illinois
Property taxes in Ava, Illinois, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ava is 2.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ava set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ava 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 Ava's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62907 zip code has both the highest and lowest median property tax rate of 2.21%. Understanding how these cities compare with Ava provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ava Tax Rate
2.21%
Average Jackson County Tax Rate
2.84%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ava, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62907 | 1.14% | 1.78% | 2.21% | 2.52% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Ava, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ava, Illinois. 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 Jackson 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 Ava, 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. Ava's median home price stands at $88,384, with tax bills ranging widely. The 25th percentile tax bill is $939, while the 75th percentile reaches $3,183, and the 90th percentile hits $4,458. The zip code 62907 has the highest and lowest median tax bill at $1,912. Being aware of these valuation processes in Ava helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ava Assessed Value
$88,384
Average Jackson County Assessed Value
$84,759
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ava, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62907 | $19,247 | $44,220 | $88,384 | $142,275 | $190,547 |
Source: Ownwell
Property Tax Bills Across Ava, Illinois
In AVA, located in Jackson County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the property's market value. For example, if the median home price in AVA is $88,384, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to calculate the tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In AVA, the 25th percentile tax bill is $939, while the 75th percentile tax bill is $3,183, and the 90th percentile tax bill reaches $4,458. These variations reflect differences in property values and applicable deductions. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, AVA's tax rates can vary widely, making it essential for homeowners to stay informed and seek potential exemptions to manage their tax liabilities effectively.
Average Ava Tax Bill
$1,912
Average Jackson County Tax Bill
$2,391
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Ava, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62907 | $396 | $939 | $1,912 | $3,183 | $4,458 |
Source: Ownwell