Mount Vernon, Jefferson County, Illinois Property Taxes

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

Median Mount Vernon, IL effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Mount Vernon, IL home value: $64,438
Median annual Mount Vernon, IL tax bill: $1,368, $1,032 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

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

Last Updated March 1, 2025

Mount Vernon, Jefferson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$1,534

$1,423

Ownwell’s Mount Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Vernon’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 Mount Vernon, Jefferson County, Illinois

Local government entities set tax rates, which can vary widely within Illinois. Annually, each county estimates its required budget 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mount Vernon’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Mount Vernon, located in Jefferson County, has an effective property tax rate of 2.38%. This rate is significantly higher than the national median property tax rate of 1.02%. Consequently, property owners in Mount Vernon may find themselves paying more in taxes compared to other parts of the country. Understanding these differences is crucial for property owners looking to manage their expenses effectively. Whether you're considering an appeal or seeking exemptions, being informed about your local tax rate can lead to substantial savings.

Property Tax Rates Across Mount Vernon, 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 Mount Vernon Taxx Rate

2.38%

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 Mount Vernon, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62864	1.16%	1.80%	2.38%	2.96%	3.22%

Source: Ownwell

Property Tax Assessment Values Across Mount Vernon, Jefferson County, Illinois

When examining property taxes in Mount Vernon, 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 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 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 Mount Vernon.

For example, the median home price in Mount Vernon is $64,438, with tax bills ranging significantly across the county. Zip code 62864 has the highest median home price at $64,438.

Property Tax Assessment Values Across Mount Vernon, Jefferson County, Illinois

Source: Ownwell

$43,035

$75,082

$107,128

Median Mount Vernon Market Value

$64,438

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 Mount Vernon, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62864	$14,919	$27,442	$64,438	$119,065	$182,172

Source: Ownwell

Property Tax Bills Across Mount Vernon, Jefferson County, Illinois

In Mount Vernon, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, property size, and improvements. With a median home price of $64,438, homeowners in Mount Vernon face property tax bills that can vary significantly. For example, the tax bill at the 25th percentile is $579, while at the 75th percentile, it reaches $2,798, and at the 90th percentile, it climbs to $4,437. The median property tax bill in the 62864 zip code is $1,368, which is below the national median of $2,400. This can have a substantial impact on homeowners' finances, making it essential to ensure their property is assessed accurately. Ownwell offers property tax appeal services that can help homeowners in Mount Vernon potentially lower their tax bills. By reviewing assessments and identifying discrepancies, Ownwell can assist in reducing the financial burden of property taxes.

Property Tax Bills Across Mount Vernon, Jefferson County, Illinois

Source: Ownwell

$630

$1,154

$1,678

Median Mount Vernon Tax Bill

$1,368

Median Jefferson County Tax Bill

$1,229

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Mount Vernon, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62864	$239	$579	$1,368	$2,798	$4,437

Source: Ownwell