Elkville, Jackson County, Illinois Property Taxes
Median Elkvile, IL effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Elkvile, IL home value: $62,274
Median annual Elkvile, IL tax bill: $1,232, $1,168 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson calculated?
Property taxes in Elkvile, 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 Elkvile’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elkvile, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elkville, Jackson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.11%
Estimate Property Tax Bill
$1,314
$1,219
Property Tax Rates Across Elkville, Jackson County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget to provide services, divided 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, this is the annual process in a nutshell.
In Elkvillle, located in Jackson County, Illinois, the effective property tax rate of 2.11% stands out compared to other cities in Illinois. This rate is significantly higher than the national median property tax rate of 1.02%. Despite this, the uniformity of Elkvillle's rate across the county is noteworthy, as it reflects a consistent approach to property taxation. The higher rate can be attributed to the local government's budgeting needs, which are met through property taxes.
Understanding these local variations is crucial for property owners. By staying informed and seeking professional assistance, property owners can navigate these complexities, potentially appealing their assessments or seeking exemptions to manage their tax liabilities effectively.
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 Elkville Tax Rate
2.11%
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 Jackson County Tax Rate
2.84%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elkville, Jackson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62932 | 0.99% | 1.53% | 2.11% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Elkville, Jackson County, Illinois
When examining property taxes in Elkville, Illinois, 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 Jackson County Assessor's Office 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 Jackson 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 Elkville.
For example, the median home price in Elkville is $62,274, with tax bills ranging significantly across the county. Zip code 62932 has the highest median home price at $62,274.
Property Tax Assessment Values Across Elkville, Jackson County, Illinois
Source: Ownwell
$29,472
$87,741
$146,010
Median Elkville Market Value
$62,274
Median Jackson County Market Value
$84,759
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elkville, Jackson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62932 | $15,579 | $30,262 | $62,274 | $100,380 | $141,648 |
Source: Ownwell
Property Tax Bills Across Elkville, Jackson County, Illinois
Median Elkville Tax Bill
$1,232
Median Jackson County Tax Bill
$2,391
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Elkville, Jackson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62932 | $295 | $544 | $1,232 | $2,149 | $3,180 |
Source: Ownwell