Grantsburg, Johnson County, Illinois Property Taxes

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

Median Grantsburg, IL effective property tax rate: 2.06%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Grantsburg, IL home value: $78,040
Median annual Grantsburg, IL tax bill: $1,354, $1,046 lower than the national median property tax bill of $2,400.

How are property taxes in Johnson County calculated?

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

Last Updated March 1, 2025

Grantsburg, Johnson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.06%

Estimate Property Tax Bill

$1,608

$1,492

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

Property Tax Rates Across Grantsburg, Johnson 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. 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 Grantsburg’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 Grantsburg, Johnson County, Illinois

Source: Ownwell

2.02%

2.16%

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 Grantsburg Taxx Rate

2.06%

Median Effective Johnson County Taxx Rate

2.14%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Grantsburg, Johnson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62943	0.61%	1.44%	2.06%	2.50%	2.52%

Source: Ownwell

Property Tax Assessment Values Across Grantsburg, Johnson County, Illinois

When examining property taxes in Grantsburg, Illinois, 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 Johnson 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 Johnson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Grantsburg. For example, the median home price in Grantsburg is $78,040, with tax bills ranging significantly across the county. Zip code 62943 has the highest median home price at $78,040.

Property Tax Assessment Values Across Grantsburg, Johnson County, Illinois

Source: Ownwell

$45,969

$73,178

$100,386

Median Grantsburg Market Value

$78,040

Median Johnson County Market Value

$71,244

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Grantsburg, Johnson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62943	$12,829	$27,354	$78,040	$127,389	$160,439

Source: Ownwell

Property Tax Bills Across Grantsburg, Johnson County, Illinois

In Grantsburg, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax bill is influenced by the local tax rate and the assessed value determined by the county assessor. In Johnson County, the median home price is $78,040, with property tax bills varying significantly. While the 25th percentile tax bill is $376, the 75th percentile reaches $2,298, and the 90th percentile can go up to $3,433. These figures highlight the disparity in tax bills within the area, with the median tax bill being $1,354, which is below the national median of $2,400. Homeowners in Grantsburg can find these taxes burdensome, impacting their financial stability. Ownwell offers assistance by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. Through expert analysis and guidance, Ownwell maximizes savings, ensuring homeowners pay only their fair share. By leveraging Ownwell's services, homeowners can achieve significant reductions in their property tax liabilities.

Property Tax Bills Across Grantsburg, Johnson County, Illinois

Source: Ownwell

$822

$1,256

$1,689

Median Grantsburg Tax Bill

$1,354

Median Johnson County Tax Bill

$1,237

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Grantsburg, Johnson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62943	$127	$376	$1,354	$2,298	$3,433

Source: Ownwell