Kell, Illinois Property Taxes
The median property tax rate in KELL, IL is 1.59%, considerably higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With the median home value in KELL at $45,981, the typical annual property tax bill reaches $731, which is significantly below the national median of $2,690. Property taxes in KELL 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 KELL'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 KELL 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
Kell, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$731
$714
Ownwell’s KELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KELL to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kell, Illinois
Property taxes in KELL, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in KELL is 1.59%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within KELL set these rates annually, and they can vary significantly across different neighborhoods. Each year, KELL 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 KELL's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62853 zip code has both the highest and lowest median property tax rate of 1.59%. Understanding how these cities compare with KELL 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 Kell Tax Rate
1.59%
Average Jefferson County Tax Rate
2.20%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kell, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62853 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Kell, Illinois
In KELL, 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 KELL, 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 KELL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 62853, both at $731.
Average Kell Assessed Value
$45,981
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 Kell, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62853 | $45,981 | $45,981 | $45,981 | $45,981 | $45,981 |
Source: Ownwell
Property Tax Bills Across Kell, Illinois
In KELL, located in Jefferson County, IL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. For homeowners in KELL, the median home price is $45,981. The property tax rate in this region is used to calculate the annual tax bill, which, at the 25th, 75th, and 90th percentiles, consistently amounts to $731. This uniformity indicates a stable tax environment for homeowners. Factors influencing the tax bill include the property's assessed value and any applicable exemptions that may reduce the taxable amount. Compared to the national median property tax rate of 0.99%, the property tax rate in KELL may offer a more predictable financial obligation for homeowners. Understanding how these elements interact helps homeowners anticipate their annual tax bills and manage their finances effectively.
Average Kell Tax Bill
$731
Average Jefferson County Tax Bill
$1,229
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Kell, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62853 | $731 | $731 | $731 | $731 | $731 |
Source: Ownwell