Dix, Illinois Property Taxes
The median property tax rate in DIX, IL is 1.87%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in DIX, the typical annual property tax bill reaches $977, which is below the national median of $2,690. Property taxes in DIX 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 DIX'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 DIX 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
Dix, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell's DIX Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in DIX. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in DIX to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available just below. Your property’s assessed value, determined by the county, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Dix, Illinois
Property taxes in Dix, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dix is 1.87%, significantly higher than both the Illinois state median of 2.27% and the U.S. national median of 0.99%. Local government entities within Dix set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dix 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 Dix's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62830 zip code has the highest median property tax rate of 1.87%, while the 62830 zip code also has the lowest median tax rate of 1.87%. Understanding how these cities compare with Dix provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dix Tax Rate
1.87%
Average Jefferson County Tax Rate
2.20%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dix, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62830 | 0.74% | 1.46% | 1.87% | 2.23% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Dix, Illinois
In DIX, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Jefferson 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 DIX, 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. Being aware of these valuation processes in DIX helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Homeowners in the zip code 62830 experience the highest and lowest median tax bills, both at $977.
Average Dix Assessed Value
$63,483
Average Jefferson County Assessed Value
$61,827
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dix, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62830 | $4,549 | $21,183 | $63,483 | $106,542 | $153,670 |
Source: Ownwell
Property Tax Bills Across Dix, Illinois
In DIX, Jefferson County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area see a range of tax bills, with the 25th percentile at $261 and the 75th percentile reaching $1,883. The highest median tax bill recorded in the region is $977, which is relatively moderate compared to other parts of the country. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, if a home is assessed at $63,483, the tax rate is applied to this value to determine the annual tax bill. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. While the tax burden can vary, it significantly impacts homeowners' annual expenses, making it essential for them to understand how these taxes are calculated and what relief options may be available.
Average Dix Tax Bill
$977
Average Jefferson County Tax Bill
$1,229
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Dix, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62830 | $58 | $261 | $977 | $1,883 | $2,906 |
Source: Ownwell