Dieterich, Jasper County, Illinois Property Taxes

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

Median Dieterich, IL effective property tax rate: 6.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dieterich, IL home value: $34,972
Median annual Dieterich, IL tax bill: $1,628, $772 lower than the national median property tax bill of $2,400.

How are property taxes in Jasper calculated?

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

Last Updated March 1, 2025

Dieterich, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.67%

Estimate Property Tax Bill

$2,333

$2,165

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

Property Tax Rates Across Dieterich, Jasper 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 Dieterich’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Dieterich, located in Jasper County, boasts a median property tax rate of 6.67%. This is significantly higher than the national median property tax rate of 1.02% and the national median property tax bill of $2400. The property tax rate in Dieterich is consistent across the county, reflecting the highest and lowest median tax rates in the area. This consistency provides a unique perspective on property taxation, as it underscores the importance of understanding local tax dynamics. By comparing these figures, property owners can gain valuable insights into how local tax rates might impact their finances.

Property Tax Rates Across Dieterich, Jasper County, Illinois

Source: Ownwell

2.72%

4.95%

7.18%

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 Dieterich Tax Rate

6.67%

Median Effective Jasper County Tax Rate

6.74%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dieterich, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62424	3.75%	5.44%	6.67%	7.21%	7.35%

Source: Ownwell

Property Tax Assessment Values Across Dieterich, Jasper County, Illinois

When examining property taxes in Dieterich, 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 Jasper 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 Jasper 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 Dieterich.

For example, the median home price in Dieterich is $34,972, with tax bills ranging significantly across the county. Zip code 62424 has the highest median home price at $34,972.

Property Tax Assessment Values Across Dieterich, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median Dieterich Market Value

$34,972

Median Jasper County Market Value

$34,930

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dieterich, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62424	$11,484	$14,880	$34,972	$51,362	$73,748

Source: Ownwell

Property Tax Bills Across Dieterich, Jasper County, Illinois

In Dieterich, located in Jasper County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, improvements, and local government budgets can influence both the assessed value and the tax rate. Homeowners in Dieterich face property tax bills that vary significantly, with the 25th percentile at $852 and the 75th percentile reaching $3,232. The national median property tax bill is $2,400, making Dieterich's tax bills comparable to the national average. However, the highest median tax bill in the area is $1,628, which can be burdensome for some homeowners. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and a thorough understanding of local tax laws, Ownwell helps ensure that homeowners are not overpaying, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Dieterich, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median Dieterich Tax Bill

$1,628

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Dieterich, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62424	$577	$852	$1,628	$3,232	$4,949

Source: Ownwell