Texico, Jefferson County, Illinois Property Taxes

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

Median Texico, IL effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Texico, IL home value: $78,603
Median annual Texico, IL tax bill: $1,380, $1,020 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

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

Last Updated March 1, 2025

Texico, Jefferson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.07%

Estimate Property Tax Bill

$1,627

$1,510

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

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Texico’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Texico, 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 Texico Taxx Rate

2.07%

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 Texico, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62889	0.73%	1.70%	2.07%	2.55%	2.55%

Source: Ownwell

Property Tax Assessment Values Across Texico, Jefferson County, Illinois

When examining property taxes in Texico, 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. 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 Texico. For example, the median home price in Texico is $78,603, with tax bills ranging significantly across the county. 62889 has the highest median home price at $78,603.

Property Tax Assessment Values Across Texico, Jefferson County, Illinois

Source: Ownwell

$43,035

$75,082

$107,128

Median Texico Market Value

$78,603

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 Texico, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62889	$13,201	$31,131	$78,603	$125,028	$154,495

Source: Ownwell

Property Tax Bills Across Texico, Jefferson County, Illinois

In Texico, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value, which is influenced by factors like location, property size, and improvements. Homeowners in Texico face a median tax bill of $1,380, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $390 and the 90th percentile reaching $3,344. This variance highlights the importance of understanding the factors affecting individual tax assessments. High property taxes can strain homeowners, especially if the assessed value does not accurately reflect the property's market value. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners ensure their property assessments are fair and accurate. This can lead to significant savings, reducing the financial burden on homeowners and ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Texico, Jefferson County, Illinois

Source: Ownwell

$630

$1,154

$1,678

Median Texico Tax Bill

$1,380

Median Jefferson County Tax Bill

$1,229

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Texico, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62889	$134	$390	$1,380	$2,368	$3,344

Source: Ownwell