Gorham, Jackson County, Illinois Property Taxes

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

Median Gorham, IL effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Gorham, IL home value: $31,563
Median annual Gorham, IL tax bill: $625, $1,775 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson calculated?

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

Last Updated March 1, 2025

Gorham, Jackson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.97%

Estimate Property Tax Bill

$622

$577

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

Property Tax Rates Across Gorham, Jackson County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county annually 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. Gorham in Jackson County, Illinois, has an effective property tax rate of 1.97%, which is significantly higher than the national median of 1.02%. This rate is consistent across the county, making it one of the highest in the state. Compared to other cities in Illinois, Gorham's rate stands out, reflecting the county's budgeting needs and property values. This high rate might be due to the county's requirements to fund local services and infrastructure. Understanding these rates can help property owners in Gorham anticipate their annual tax bills and consider appealing if they believe their property's assessed value is inaccurate. By staying informed, property owners can better manage their financial planning and ensure they are not overpaying on their property taxes.

Property Tax Rates Across Gorham, Jackson County, Illinois

Source: Ownwell

1.86%

2.72%

3.58%

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 Gorham Tax Rate

1.97%

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 Gorham, Jackson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62940	0.61%	1.33%	1.97%	2.97%	3.37%

Source: Ownwell

Property Tax Assessment Values Across Gorham, Jackson County, Illinois

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

For example, the median home price in Gorham is $31,563, with tax bills ranging significantly across the county. Zip code 62940 has the highest median home price at $31,563.

Property Tax Assessment Values Across Gorham, Jackson County, Illinois

Source: Ownwell

$29,472

$87,741

$146,010

Median Gorham Market Value

$31,563

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 Gorham, Jackson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62940	$10,688	$19,603	$31,563	$62,861	$111,620

Source: Ownwell

Property Tax Bills Across Gorham, Jackson County, Illinois

In Gorham, Illinois, property tax bills are determined based on the assessed value of a home, which is a fraction of its market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Various factors, such as changes in the housing market and local government budgets, can influence this assessed value. For homeowners, this means that even if their home's market value remains stable, their tax bill might fluctuate due to these external factors. In Gorham, the median property tax bill stands at $625, which is significantly lower than the national median of $2,400. However, for some homeowners, tax bills can reach as high as $2,721. This variability can pose a financial challenge. Ownwell offers expert property tax appeal and exemption services to help homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in securing fairer tax valuations, ensuring they don't pay more than necessary.

Property Tax Bills Across Gorham, Jackson County, Illinois

Source: Ownwell

$518

$2,411

$4,303

Median Gorham Tax Bill

$625

Median Jackson County Tax Bill

$2,391

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Gorham, Jackson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62940	$109	$263	$625	$1,310	$2,721

Source: Ownwell