Jasper County Property Taxes
The median property tax rate in Jasper County is 6.74%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Jasper County, the typical annual property tax bill reaches $2,022, which is still below the national median of $2,690. Property taxes in Jasper County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Jasper County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Newton or another part of Jasper County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jasper County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.74%
Estimate Property Tax Bill
$2,354
$2,300
Ownwell’s Jasper County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Jasper County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jasper County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Jasper County, Illinois
Property taxes in Jasper County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jasper County is 6.74%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Jasper County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jasper County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Casey has one of the higher property tax rates in the region at 7.34%, while the city of Sainte Marie boasts one of the lowest at 2.72%. Analyzing how Jasper County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jasper County Tax Rate
6.74%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jasper County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Casey | 4.64% | 5.22% | 7.34% | 8.51% | 8.52% |
| Dieterich | 3.75% | 5.44% | 6.67% | 7.21% | 7.35% |
| Dundas | 2.35% | 5.79% | 6.90% | 7.80% | 8.43% |
| Greenup | 7.34% | 7.34% | 7.34% | 7.34% | 7.34% |
| Hidalgo | 2.32% | 4.95% | 6.83% | 8.09% | 8.43% |
| Ingraham | 3.30% | 4.74% | 6.10% | 6.94% | 7.33% |
| Jewett | 3.39% | 6.22% | 7.13% | 8.12% | 8.43% |
| Montrose | 3.78% | 6.28% | 7.02% | 7.60% | 8.29% |
| Newton | 2.25% | 3.30% | 6.55% | 7.51% | 8.21% |
| Oblong | 2.71% | 4.54% | 6.27% | 7.43% | 7.86% |
| Sainte Marie | 2.33% | 2.72% | 2.72% | 5.18% | 7.34% |
| Teutopolis | 5.07% | 6.46% | 7.10% | 8.02% | 8.37% |
| West Liberty | 1.87% | 4.41% | 6.73% | 7.40% | 8.06% |
| Wheeler | 2.64% | 5.49% | 7.18% | 7.78% | 8.46% |
| Willow Hill | 2.06% | 4.40% | 6.55% | 7.96% | 8.63% |
| Yale | 3.02% | 5.40% | 6.91% | 8.10% | 8.39% |
Source: Ownwell
Property Tax Assessment Values Across Jasper County, Illinois
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Jasper County, Illinois. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Jasper County Appraisal District. The assessed value, however, 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. Assessment notices in Jasper County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Greenup has the highest median tax bill at $3,934, while Casey has the lowest at $1,173. Being aware of these valuation processes in Jasper County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Jasper County Assessed Value
$34,930
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jasper County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Casey | $11,548 | $17,170 | $22,900 | $27,605 | $44,990 |
| Dieterich | $11,484 | $14,880 | $34,972 | $51,362 | $73,748 |
| Dundas | $21,094 | $28,330 | $49,940 | $67,710 | $101,044 |
| Greenup | $53,615 | $53,615 | $53,615 | $53,615 | $53,615 |
| Hidalgo | $8,812 | $16,495 | $30,575 | $49,042 | $70,063 |
| Ingraham | $7,024 | $22,565 | $36,700 | $58,740 | $77,547 |
| Jewett | $7,569 | $19,172 | $31,930 | $53,450 | $67,361 |
| Montrose | $15,720 | $28,058 | $47,435 | $61,385 | $83,346 |
| Newton | $7,728 | $18,638 | $37,490 | $59,535 | $90,252 |
| Oblong | $9,780 | $14,570 | $25,410 | $40,240 | $59,395 |
| Sainte Marie | $2,400 | $19,035 | $27,710 | $53,732 | $63,390 |
| Teutopolis | $26,654 | $33,451 | $48,708 | $70,549 | $121,773 |
| West Liberty | $11,702 | $24,520 | $42,925 | $67,790 | $88,880 |
| Wheeler | $9,466 | $25,265 | $44,220 | $63,815 | $92,410 |
| Willow Hill | $6,080 | $12,615 | $22,715 | $41,681 | $60,173 |
| Yale | $6,574 | $12,262 | $24,470 | $44,312 | $61,156 |
Source: Ownwell
Property Tax Bills Across Jasper County, Illinois
In Jasper County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in the county is $34,930. To determine the tax bill, local tax rates are applied to the assessed value. These rates can vary significantly, leading to a range of tax bills. For instance, the tax bill at the 25th percentile is $946, while at the 75th percentile, it reaches $3,708, and at the 90th percentile, it can go up to $5,409. Several factors influence the tax bill, including the property's location, the local government's budget needs, and the services provided in the area. In Jasper County, the highest median tax bill is found in Greenup at $3,934, whereas the lowest is in Casey at $1,173. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual expenses and long-term financial planning.
Average Jasper County Tax Bill
$2,022
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Jasper County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Casey | $757 | $896 | $1,173 | $1,949 | $3,272 |
| Dieterich | $577 | $852 | $1,628 | $3,232 | $4,949 |
| Dundas | $815 | $1,937 | $3,217 | $4,923 | $7,285 |
| Greenup | $3,934 | $3,934 | $3,934 | $3,934 | $3,934 |
| Hidalgo | $337 | $812 | $1,847 | $3,370 | $4,811 |
| Ingraham | $430 | $987 | $2,161 | $3,307 | $4,993 |
| Jewett | $365 | $1,212 | $2,143 | $3,691 | $5,129 |
| Montrose | $580 | $1,674 | $3,062 | $4,372 | $5,971 |
| Newton | $333 | $954 | $2,002 | $3,676 | $5,602 |
| Oblong | $402 | $731 | $1,521 | $2,595 | $4,485 |
| Sainte Marie | $450 | $756 | $1,524 | $2,044 | $2,556 |
| Teutopolis | $1,690 | $2,178 | $3,307 | $4,303 | $7,283 |
| West Liberty | $435 | $1,221 | $2,556 | $4,235 | $6,508 |
| Wheeler | $474 | $1,682 | $2,784 | $4,627 | $6,355 |
| Willow Hill | $231 | $564 | $1,501 | $2,722 | $3,846 |
| Yale | $284 | $704 | $1,507 | $3,138 | $4,494 |
Source: Ownwell