Saint Augustine, Illinois Property Taxes
The median property tax rate in Saint Augustine, IL is 1.83%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Saint Augustine at $66,510, the typical annual property tax bill reaches $1,182, which is below the national median of $2,690. Property taxes in Saint Augustine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Augustine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Augustine or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Augustine, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$1,217
$1,129
Ownwell’s Saint Augustine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Augustine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Augustine to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Augustine, Illinois
Property taxes in Saint Augustine, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Augustine is 1.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saint Augustine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Augustine estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Saint Augustine's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61474 zip code has both the highest and lowest median property tax rate of 1.83%. Understanding how these cities compare with Saint Augustine provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Augustine Tax Rate
1.83%
Average Knox County Tax Rate
2.31%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Augustine, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61474 | 0.25% | 1.04% | 1.83% | 2.49% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Saint Augustine, Illinois
In Saint Augustine, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Knox County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Saint Augustine, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Saint Augustine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Augustine is $66,510, with tax bills ranging from $561 at the 25th percentile to $6,535 at the 90th percentile. The zip code 61474 has both the highest and lowest median tax bill at $1,182.
Property Tax Assessment Values Across Saint Augustine, Illinois
Source: Ownwell
$24,360
$1,314,377
$2,604,393
Average Saint Augustine Assessed Value
$66,510
Average Knox County Assessed Value
$78,330
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Augustine, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61474 | $19,992 | $34,380 | $66,510 | $184,935 | $1,624,973 |
Source: Ownwell
Property Tax Bills Across Saint Augustine, Illinois
In Saint Augustine, Illinois, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Knox County typically see a range of tax bills, with the 25th percentile at $561 and the 75th percentile at $3,131. The 90th percentile tax bill can reach up to $6,535. The median home price in the area is $66,510, and the median property tax bill in the highest and lowest zip codes within the county stands at $1,182, which is higher than the national median property tax rate of 0.99%. The tax bill is influenced by several factors, including the home's assessed value, local tax rates, and any applicable exemptions. Higher assessed values and tax rates result in higher property tax bills, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Saint Augustine Tax Bill
$1,182
Average Knox County Tax Bill
$1,699
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Augustine, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61474 | $297 | $561 | $1,182 | $3,131 | $6,535 |
Source: Ownwell