West Liberty, Jasper County, Illinois Property Taxes

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

Median West Liberty, IL effective property tax rate: 6.73%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median West Liberty, IL home value: $42,925
Median annual West Liberty, IL tax bill: $2,556, $156 higher than the national median property tax bill of $2,400.

How are property taxes in Jasper calculated?

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

Last Updated March 1, 2025

West Liberty, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.73%

Estimate Property Tax Bill

$2,889

$2,681

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

Local government entities set tax rates, which can vary widely within a state. This variation arises because annually, each county estimates its budget needs to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In West Liberty, located in Jasper County, Illinois, the effective property tax rate is 6.73%. This rate is significantly higher than the national median property tax rate of 1.02%. Illinois is known for having some of the highest property tax rates in the country, and West Liberty exemplifies this trend. The high tax rate in West Liberty may reflect the county's budgetary demands or the value of services provided. Comparing West Liberty’s rate to the national median highlights the disparity and emphasizes the importance of understanding local tax structures. For property owners in West Liberty, this underscores the potential benefits of exploring property tax appeals and exemptions to manage their tax burden effectively.

Property Tax Rates Across West Liberty, 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 West Liberty Tax Rate

6.73%

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 West Liberty, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62475	1.87%	4.41%	6.73%	7.40%	8.06%

Source: Ownwell

Property Tax Assessment Values Across West Liberty, Jasper County, Illinois

When examining property taxes in West Liberty, 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 the season. 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 West Liberty.

For example, the median home price in West Liberty is $42,925, with tax bills ranging significantly across the county. Zip code 62475 has the highest median home price at $42,925.

Property Tax Assessment Values Across West Liberty, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median West Liberty Market Value

$42,925

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 West Liberty, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62475	$11,702	$24,520	$42,925	$67,790	$88,880

Source: Ownwell

Property Tax Bills Across West Liberty, Jasper County, Illinois

In West Liberty, located in Jasper County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this city experience a range in their property tax bills, with the 25th percentile at $1,221 and the 75th percentile reaching $4,235. Compared to the national median property tax bill of $2,400, West Liberty's tax bills can be both lower and significantly higher, depending on the property's assessed value and applicable exemptions. Factors such as property improvements, local government budgets, and school funding can influence these values, impacting homeowners' annual expenses. Ownwell offers expertise in property tax appeals and exemption services, helping homeowners navigate the complexities of tax assessments. By ensuring accurate property valuations and identifying potential exemptions, Ownwell can assist homeowners in West Liberty in reducing their property tax liabilities, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across West Liberty, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median West Liberty Tax Bill

$2,556

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across West Liberty, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62475	$435	$1,221	$2,556	$4,235	$6,508

Source: Ownwell