Godfrey, Jersey County, Illinois Property Taxes

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

Median Godfrey, IL effective property tax rate: 2.00%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Godfrey, IL home value: $138,165
Median annual Godfrey, IL tax bill: $2,751, $351 higher than the national median property tax bill of $2,400.

How are property taxes in Jersey calculated?

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

Last Updated March 1, 2025

Godfrey, Jersey County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$2,763

$2,564

Ownwell’s Godfrey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Godfrey with just two data points. By entering your property's estimated assessed value, our calculator applies Godfrey’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 Jersey County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Godfrey, Jersey County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is 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, resulting 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. In Godfrey, located in Jersey County, Illinois, the effective property tax rate is distinct when compared to other cities in Illinois and the national median. The property tax rate in Godfrey is significantly higher than the national median of 1.02%, highlighting the importance of understanding local tax obligations. This rate underscores the necessity for property owners to be aware of potential tax liabilities and consider appealing if they believe their property's assessed value is inaccurate. With property tax rates being a critical factor in homeownership costs, understanding these rates can aid in financial planning and decision-making for both current and prospective homeowners in Godfrey.

Property Tax Rates Across Godfrey, Jersey County, Illinois

Source: Ownwell

1.94%

2.12%

2.30%

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 Godfrey Tax Rate

2.00%

Median Effective Jersey County Tax Rate

2.18%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Godfrey, Jersey County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62035	1.14%	1.73%	2.00%	2.18%	2.22%

Source: Ownwell

Property Tax Assessment Values Across Godfrey, Jersey County, Illinois

When examining property taxes in Godfrey, 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 Jersey 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 Jersey 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 Godfrey.

For example, the median home price in Godfrey is $138,165, with tax bills ranging significantly across the county. Zip code 62035 has the highest median home price at $138,165.

Property Tax Assessment Values Across Godfrey, Jersey County, Illinois

Source: Ownwell

$11,280

$93,349

$175,418

Median Godfrey Market Value

$138,165

Median Jersey County Market Value

$130,268

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Godfrey, Jersey County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62035	$16,536	$60,754	$138,165	$198,585	$236,580

Source: Ownwell

Property Tax Bills Across Godfrey, Jersey County, Illinois

In Godfrey, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is a percentage of the market value of the property. The property tax rate is then applied to the assessed value to determine the annual tax bill. In Godfrey, homeowners face a median property tax bill of $2,751, which aligns with the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,158 and the 90th percentile reaching $5,060. Factors such as property size, location, and local tax rates influence these variations. High property taxes can be a significant financial burden for homeowners, affecting their overall cost of living and home affordability. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in securing lower property tax obligations, ultimately saving them money and easing financial pressures.

Property Tax Bills Across Godfrey, Jersey County, Illinois

Source: Ownwell

$300

$2,157

$4,014

Median Godfrey Tax Bill

$2,751

Median Jersey County Tax Bill

$2,776

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Godfrey, Jersey County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62035	$422	$1,158	$2,751	$4,344	$5,060

Source: Ownwell