Keenes, Jefferson County, Illinois Property Taxes
Median Keenes, 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 Keenes, IL home value: $63,996
Median annual Keenes, IL tax bill: $961, $1,439 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Keenes, 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 Keenes’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Keenes, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Keenes, 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
$1,338
$1,241
Property Tax Rates Across Keenes, Jefferson County, Illinois
Local government entities set tax rates, which can vary widely within Illinois. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Keenes in Jefferson County has an effective property tax rate of 2.09%. This rate is notably higher than the national median property tax rate of 1.02%. In comparison to other cities in Illinois, Keenes shares the same rate as the highest and lowest median tax rates in the state. The median property tax rate in Illinois is also 2.09%, which is significantly above the national median.
For property owners in Keenes, understanding these rates is crucial for financial planning. With property taxes being a substantial expense, exploring appeal and exemption services can be a wise decision to potentially lower your 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 Keenes 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 Keenes, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62851 | 1.50% | 1.77% | 2.09% | 2.09% | 3.22% |
Source: Ownwell
Property Tax Assessment Values Across Keenes, Jefferson County, Illinois
When examining property taxes in Keenes, 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 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 Keenes. For example, the median home price in Keenes is $63,996, with tax bills ranging significantly across the county. Zip code 62851 has the highest median home price at $63,996.
Property Tax Assessment Values Across Keenes, Jefferson County, Illinois
Source: Ownwell
$43,035
$75,082
$107,128
Median Keenes Market Value
$63,996
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 Keenes, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62851 | $10,134 | $20,122 | $63,996 | $76,532 | $90,882 |
Source: Ownwell
Property Tax Bills Across Keenes, Jefferson County, Illinois
Median Keenes Tax Bill
$961
Median Jefferson County Tax Bill
$1,229
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Keenes, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62851 | $212 | $418 | $961 | $1,820 | $2,216 |
Source: Ownwell