Teutopolis, Jasper County, Illinois Property Taxes

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

Median Teutopolis, IL effective property tax rate: 7.10%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Teutopolis, IL home value: $48,708
Median annual Teutopolis, IL tax bill: $3,307, $907 higher than the national median property tax bill of $2,400.

How are property taxes in Jasper calculated?

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

Last Updated March 1, 2025

Teutopolis, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

7.1%

Estimate Property Tax Bill

$3,458

$3,209

Ownwell’s Teutopolis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Teutopolis with just two data points. By entering your property's estimated assessed value, our calculator applies Teutopolis’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 Teutopolis, Jasper County, Illinois

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the annual process in a nutshell.

Teutopolis in Jasper County, Illinois, has a notably high effective property tax rate compared to the national median rate of 1.02%. This places a significant financial burden on property owners in the area, as the median property tax bill nationally stands at $2,400. The uniformity of Teutopolis's rate within its zip code suggests a consistent approach to tax assessments across the region. However, this also means limited variability for property owners seeking relief through lower rates. Understanding these dynamics can empower property owners to explore potential avenues for appealing their property tax assessments or seeking exemptions, potentially easing the financial load. By staying informed and proactive, property owners in Teutopolis can better navigate the complexities of property taxation.

Property Tax Rates Across Teutopolis, 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 Teutopolis Tax Rate

7.10%

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 Teutopolis, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62467	5.07%	6.46%	7.10%	8.02%	8.37%

Source: Ownwell

Property Tax Assessment Values Across Teutopolis, Jasper County, Illinois

When examining property taxes in Teutopolis, 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 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 Teutopolis. For example, the median home price in Teutopolis is $48,708, with tax bills ranging significantly across the county. 62467 has the highest median home price at $48,708.

Property Tax Assessment Values Across Teutopolis, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median Teutopolis Market Value

$48,708

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 Teutopolis, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62467	$26,654	$33,451	$48,708	$70,549	$121,773

Source: Ownwell

Property Tax Bills Across Teutopolis, Jasper County, Illinois

In Teutopolis, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $48,708. Homeowners in Teutopolis face property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $2,178, while at the 75th percentile, it reaches $4,303. At the 90th percentile, homeowners could see tax bills as high as $7,283. The median property tax bill in Jasper County is $3,307, which is higher than the national median property tax bill of $2,400. These taxes fund essential local services such as schools, infrastructure, and public safety, but they can also place a financial burden on homeowners. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging expertise in local property tax regulations, Ownwell ensures homeowners only pay their fair share, potentially saving them significant amounts annually.

Property Tax Bills Across Teutopolis, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median Teutopolis Tax Bill

$3,307

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Teutopolis, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62467	$1,690	$2,178	$3,307	$4,303	$7,283

Source: Ownwell