Otterville, Jersey County, Illinois Property Taxes

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

Median Otterville, IL effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Otterville, IL home value: $11,280. Median annual Otterville, IL tax bill: $300, $2,100 lower than the national median property tax bill of $2,400.

How are property taxes in Jersey calculated?

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

Last Updated March 1, 2025

Otterville, Jersey County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.94%

Estimate Property Tax Bill

$219

$203

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

Local government entities establish tax rates, which can differ significantly within a state. This variance occurs because each county annually determines its budgetary needs for services and divides this by the total assessed value of all taxable properties in its area, resulting in the property tax rate. Though the process involves votes and legislation, this is the essence of how tax rates are set each year. For instance, Otterville in Jersey County, Illinois, has an effective property tax rate that can be compared to other cities in Illinois, as well as the median property tax rates in the state and across the U.S. The median property tax rate in Illinois stands at 1.94%, which is considerably higher than the national median of 1.02%. This difference highlights the importance of understanding local tax dynamics, as they can have a significant impact on property tax bills. By comparing Otterville’s rate to these benchmarks, property owners can gain a clearer perspective on their tax obligations and potential savings through appeals or exemptions.

Property Tax Rates Across Otterville, 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 Otterville Tax Rate

1.94%

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 Otterville, Jersey County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62052	0.52%	1.24%	1.94%	2.66%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Otterville, Jersey County, Illinois

When examining property taxes in Otterville, 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 March. 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 Otterville. For example, the median home price in Otterville is $11,280, with tax bills ranging significantly across the county. Zip code 62052 has the highest median home price at $11,280.

Property Tax Assessment Values Across Otterville, Jersey County, Illinois

Source: Ownwell

$11,280

$93,349

$175,418

Median Otterville Market Value

$11,280

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 Otterville, Jersey County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62052	$5,646	$7,898	$11,280	$27,960	$60,654

Source: Ownwell

Property Tax Bills Across Otterville, Jersey County, Illinois

In Otterville, Jersey County, IL, 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 property's market value. Homeowners in Otterville face a median property tax bill of $300, which is significantly lower than the national median of $2,400. Tax bills in the area can vary, with the 25th percentile at $123 and the 75th percentile reaching $592, while the top 10% of bills can rise to $1,213. These variations depend on factors such as property size, location, and improvements. High property tax bills can strain homeowners' finances, making it crucial to ensure assessments are accurate. Ownwell provides valuable services to help homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax burden. By leveraging expertise and local knowledge, Ownwell can help homeowners save money and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Otterville, Jersey County, Illinois

Source: Ownwell

$300

$2,157

$4,014

Median Otterville Tax Bill

$300

Median Jersey County Tax Bill

$2,776

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Otterville, Jersey County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62052	$48	$123	$300	$592	$1,213

Source: Ownwell