Centralia, Jefferson County, Illinois Property Taxes

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

Median Centralia, IL effective property tax rate: 1.92%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Centralia, IL home value: $56,055
Median annual Centralia, IL tax bill: $832, $1,568 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Centralia, Jefferson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.92%

Estimate Property Tax Bill

$1,076

$999

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

Property Tax Rates Across Centralia, Jefferson County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Centralia in Marion County, IL, the effective property tax rate is notably higher than the national median. This highlights the significant variations that can occur not only within states but also on a national level. While the national median property tax rate is 1.02%, Centralia's rate stands out, reflecting the local government's budgetary needs and property values. Comparing Centralia’s effective property tax rate to other cities in Illinois and the U.S. underscores the diversity in tax rates and the importance of understanding local tax dynamics.

Property Tax Rates Across Centralia, Jefferson County, Illinois

Source: Ownwell

1.71%

2.05%

2.38%

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 Centralia Tax Rate

1.92%

Median Effective Jefferson County Tax Rate

2.20%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Centralia, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62801	0.63%	1.16%	1.92%	2.41%	2.51%

Source: Ownwell

Property Tax Assessment Values Across Centralia, Jefferson County, Illinois

When examining property taxes in Centralia, Illinois, 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 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 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 Centralia.

For example, the median home price in Centralia is $56,055, with tax bills ranging significantly across the county. Zip code 62801 has the highest median home price at $56,055.

Property Tax Assessment Values Across Centralia, Jefferson County, Illinois

Source: Ownwell

$43,035

$75,082

$107,128

Median Centralia Market Value

$56,055

Median Jefferson County Market Value

$61,827

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Centralia, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62801	$8,121	$21,783	$56,055	$91,287	$173,527

Source: Ownwell

Property Tax Bills Across Centralia, Jefferson County, Illinois

In Centralia, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Centralia is $56,055, and property taxes are applied to this assessed value to determine the tax bill. The tax bill can vary significantly, with the 25th percentile at $209 and the 75th percentile reaching $1,890. In some cases, it can go as high as $3,865, as seen in the 90th percentile. This variation highlights the impact of different assessed values and tax rates within the region. Homeowners in Centralia may face tax bills that are below the national median tax bill of $2,400, yet the financial burden can still be significant. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By analyzing and challenging assessed values, Ownwell can help ensure that homeowners are not overpaying, allowing them to save money and reduce their annual property tax expenses.

Property Tax Bills Across Centralia, Jefferson County, Illinois

Source: Ownwell

$630

$1,154

$1,678

Median Centralia Tax Bill

$832

Median Jefferson County Tax Bill

$1,229

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Centralia, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62801	$70	$209	$832	$1,890	$3,865

Source: Ownwell