Ina, Jefferson County, Illinois Property Taxes
Median INA, IL effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median INA, IL home value: $48,423
Median annual INA, IL tax bill: $909, $1,491 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in INA, 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 INA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in INA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ina, Jefferson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.09%
Estimate Property Tax Bill
$1,012
$939
Property Tax Rates Across Ina, Jefferson County, Illinois
Local government entities, such as those in INA, IL, set property tax rates, which can vary significantly within the state. Each year, Jefferson County estimates its budget to provide essential services and divides this by the total value of all taxable properties within its jurisdiction. This process determines the property tax rate. While votes and legal frameworks play a role in setting these rates and budgets, this is the annual process in a nutshell.
INA's effective property tax rate stands out when compared to other cities in Illinois and the national median. Illinois has one of the highest median property tax rates in the country, significantly above the national median of 1.02%. This makes it crucial for property owners in INA to understand how their property taxes are assessed and to explore potential savings through property tax appeals and exemptions. By staying informed and proactive, homeowners can better navigate the complexities of property taxation and potentially reduce their tax burden.
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 Ina Taxx Rate
2.09%
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 Ina, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62846 | 0.90% | 1.44% | 2.09% | 2.55% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Ina, Jefferson County, Illinois
When examining property taxes in INA, 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's office 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.
Assessment notices: In Jefferson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 INA. For example, the median home price in INA is $48,423, with tax bills ranging significantly across the county. Zip code 62846 has the highest median home price at $48,423.
Property Tax Assessment Values Across Ina, Jefferson County, Illinois
Source: Ownwell
$43,035
$75,082
$107,128
Median Ina Market Value
$48,423
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 Ina, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62846 | $11,214 | $22,875 | $48,423 | $86,376 | $143,418 |
Source: Ownwell
Property Tax Bills Across Ina, Jefferson County, Illinois
In INA, located in Jefferson County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the market value. Homeowners in INA face a median property tax bill of $909, significantly lower than the national median of $2,400. The tax rate and the assessed value of a home are key factors in determining the final tax bill. For instance, the 25th percentile tax bill is $388, while the 75th percentile reaches $1,711, highlighting the variability based on property values.
These tax bills can impact homeowners by affecting their annual budgeting and financial planning. Ownwell can assist homeowners in INA by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure that homeowners are not overpaying on their property taxes. This can lead to significant savings, making homeownership more affordable and manageable.
Median Ina Tax Bill
$909
Median Jefferson County Tax Bill
$1,229
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Ina, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62846 | $125 | $388 | $909 | $1,711 | $3,059 |
Source: Ownwell