New Burnside, Johnson County, Illinois Property Taxes

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

Median New Burnside, 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 New Burnside, IL home value: $66,876
Median annual New Burnside, IL tax bill: $1,203, $1,197 lower than the national median property tax bill of $2,400.

How are property taxes in Johnson County calculated?

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

Last Updated March 1, 2025

New Burnside, Johnson 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

$1,384

$1,285

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

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and then divides that figure by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure. In New Burnside, located in Johnson County, the effective property tax rate is notably higher than the national median. This rate reflects the county's budgetary needs and the total value of assessed properties. Comparatively, New Burnside's rate is the highest in Illinois, matching the state's median, which is also above the national median. This indicates a more significant financial commitment to local services compared to other regions. Understanding these dynamics can be beneficial for property owners considering tax appeal and exemption services. By comparing New Burnside’s property tax rate to other cities in Illinois and the U.S. median, property owners can better grasp their tax obligations and explore potential savings.

Property Tax Rates Across New Burnside, 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 New Burnside Taxx Rate

2.07%

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 New Burnside, Johnson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62967	0.79%	1.56%	2.07%	2.41%	2.72%

Source: Ownwell

Property Tax Assessment Values Across New Burnside, Johnson County, Illinois

When examining property taxes in New Burnside, 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 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.

Assessment notices: In Johnson 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 New Burnside.

For example, the median home price in New Burnside is $66,876, with tax bills ranging significantly across the county. 62967 has the highest median home price at $66,876.

Property Tax Assessment Values Across New Burnside, Johnson County, Illinois

Source: Ownwell

$45,969

$73,178

$100,386

Median New Burnside Market Value

$66,876

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 New Burnside, Johnson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62967	$13,005	$29,839	$66,876	$111,396	$162,134

Source: Ownwell

Property Tax Bills Across New Burnside, Johnson County, Illinois

In New Burnside, located in Johnson County, IL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local assessors. The property tax rate is then applied to this assessed value to calculate the tax bill. Factors such as location, property size, and local government budgets influence the final tax rate. The median home price in New Burnside is $66,876, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $342, while the 75th percentile reaches $2,124, and the 90th percentile is as high as $3,442. Compared to the national median property tax bill of $2,400, New Burnside's tax bills can be quite varied. Homeowners can potentially lower their tax bills by appealing their property assessments or applying for exemptions. Ownwell offers expert property tax appeal and exemption services, helping homeowners navigate the complex tax system to secure savings on their property tax bills.

Property Tax Bills Across New Burnside, Johnson County, Illinois

Source: Ownwell

$822

$1,256

$1,689

Median New Burnside Tax Bill

$1,203

Median Johnson County Tax Bill

$1,237

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across New Burnside, Johnson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62967	$141	$342	$1,203	$2,124	$3,442

Source: Ownwell