Belle Rive, Jefferson County, Illinois Property Taxes
Median Belle Rive, IL effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Belle Rive, IL home value: $62,313
Median annual Belle Rive, IL tax bill: $1,008, $1,392 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Belle Rive, 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 Belle Rive’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belle Rive, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belle Rive, Jefferson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.85%
Estimate Property Tax Bill
$1,153
$1,070
Property Tax Rates Across Belle Rive, Jefferson County, Illinois
Local government entities in Illinois set property tax rates, which can vary significantly within the state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and legislation play a role in determining these rates and budgets, this is the fundamental annual process.
In Belle Rive, located in Jefferson County, the effective property tax rate stands at 1.85%, aligning with the highest and lowest rates in the area. This rate is notably higher than both the Illinois median and the national median property tax rate of 1.02%. Consequently, homeowners in Belle Rive face property tax bills that are higher than the national median of $2,400. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. Comparing Belle Rive’s property tax rate to other cities in Illinois and across the U.S. provides valuable insight into the local tax landscape.
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 Belle Rive Taxx Rate
1.85%
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 Jefferson County Taxx Rate
2.20%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Belle Rive, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62810 | 0.79% | 1.48% | 1.85% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Belle Rive, Jefferson County, Illinois
When examining property taxes in Belle Rive, 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 Jefferson County Assessor 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 Jefferson 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 Belle Rive. For example, the median home price in Belle Rive is $62,313, with tax bills ranging significantly across the county. Zip code 62810 has the highest median home price at $62,313.
Property Tax Assessment Values Across Belle Rive, Jefferson County, Illinois
Source: Ownwell
$43,035
$75,082
$107,128
Median Belle Rive Market Value
$62,313
Median Jefferson County Market Value
$61,827
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Belle Rive, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62810 | $10,235 | $28,432 | $62,313 | $104,898 | $146,227 |
Source: Ownwell
Property Tax Bills Across Belle Rive, Jefferson County, Illinois
In Belle Rive, located in Jefferson County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price here is $62,313, which is significantly lower than the national median. Property taxes in this region can vary widely, with the 25th percentile tax bill at $432 and the 75th percentile reaching $1,883. The top 10% of tax bills can go as high as $2,771. Compared to the national median property tax bill of $2,400, Belle Rive homeowners might pay less, but the tax rate can still be a burden due to lower home values.
Factors influencing property tax bills include property assessments, local tax rates, and any applicable exemptions. Homeowners in Belle Rive can benefit from appealing their property tax assessments to ensure they are fair and accurate. Ownwell offers services to help homeowners navigate this process, potentially reducing their property tax bills by identifying discrepancies in assessments or securing eligible exemptions. This assistance can lead to significant savings and provide peace of mind for homeowners.
Median Belle Rive Tax Bill
$1,008
Median Jefferson County Tax Bill
$1,229
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Belle Rive, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62810 | $109 | $432 | $1,008 | $1,883 | $2,771 |
Source: Ownwell