Sainte Marie, Illinois Property Taxes
The median property tax rate in Sainte Marie, IL is 2.72%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Sainte Marie at $27,710, the typical annual property tax bill reaches $1,524, exceeding the national median of $2,690. Property taxes in Sainte Marie 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 Sainte Marie'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 Sainte Marie 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
Sainte Marie, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.72%
Estimate Property Tax Bill
$754
$699
Ownwell’s Sainte Marie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sainte Marie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sainte Marie 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 Sainte Marie, Illinois
Property taxes in Sainte Marie, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sainte Marie is 2.72%, significantly higher than the Illinois state median and the U.S. national median of 0.99%. Local government entities within Sainte Marie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sainte Marie 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 Sainte Marie's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62459 zip code has both the highest and lowest median property tax rate of 2.72%. Understanding how these cities compare with Sainte Marie provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sainte Marie Tax Rate
2.72%
Average Jasper County Tax Rate
6.74%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sainte Marie, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62459 | 2.33% | 2.72% | 2.72% | 5.18% | 7.34% |
Source: Ownwell
Property Tax Assessment Values Across Sainte Marie, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sainte Marie, 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 Jasper 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 Sainte Marie, 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. For instance, the highest median tax bill in the area is $1,524 in the 62459 zip code, while the lowest is also $1,524 in the same zip code. Being aware of these valuation processes in Sainte Marie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sainte Marie Assessed Value
$27,710
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 Sainte Marie, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62459 | $2,400 | $19,035 | $27,710 | $53,732 | $63,390 |
Source: Ownwell
Property Tax Bills Across Sainte Marie, Illinois
In Sainte Marie, located in Jasper County, IL, property tax bills are calculated based on a combination of the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $27,710, the assessed value will be a fraction of this amount, adjusted by local assessment rules. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property improvements, changes in market conditions, and local government budgets. Homeowners in Sainte Marie can expect tax bills ranging widely, with the 25th percentile at $756 and the 75th percentile at $2,044. The top 10% of tax bills can reach up to $2,556. Comparatively, the property tax rate in Sainte Marie may appear modest next to the national median property tax rate of 0.99%. However, the impact on homeowners can be significant, especially when considering the lower median home prices in the area.
Average Sainte Marie Tax Bill
$1,524
Average Jasper County Tax Bill
$2,022
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Sainte Marie, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62459 | $450 | $756 | $1,524 | $2,044 | $2,556 |
Source: Ownwell