Streator, Lasalle County, Illinois Property Taxes

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

Median Streator, IL effective property tax rate: 4.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Streator, IL home value: $47,830
Median annual Streator, IL tax bill: $1,576, $824 lower than the national median property tax bill of $2,400.

How are property taxes in LaSalle County calculated?

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

Last Updated March 1, 2025

Streator, Lasalle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.03%

Estimate Property Tax Bill

$1,928

$1,789

Ownwell’s Streator Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Streator with just two data points.

By entering your property's estimated assessed value, our calculator applies Streator’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 LaSalle County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Streator, Lasalle County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? 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 Streator’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Streator, located in LaSalle County, stands out with a property tax rate that is significantly higher than both the state and national medians. The local property tax rate in Streator is 4.03%, which is the highest within its respective zip code of 61364. This rate is notably above the national median property tax rate of 1.02%. Such a high rate can impact property owners significantly, making it crucial for them to explore potential appeal and exemption opportunities to manage their tax liabilities effectively.

Property Tax Rates Across Streator, Lasalle County, Illinois

Source: Ownwell

2.19%

3.11%

4.03%

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 Streator Tax Rate

4.03%

Median Effective Lasalle County Tax Rate

3.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Streator, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61364	1.53%	2.59%	4.03%	4.03%	4.06%

Source: Ownwell

Property Tax Assessment Values Across Streator, Lasalle County, Illinois

When examining property taxes in Streator, 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 LaSalle 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 LaSalle 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 Streator. For example, the median home price in Streator is $47,830, with tax bills ranging significantly across the county. Zip code 61364 has the highest median home price at $47,830.

Property Tax Assessment Values Across Streator, Lasalle County, Illinois

Source: Ownwell

$47,830

$136,637

$225,444

Median Streator Market Value

$47,830

Median Lasalle County Market Value

$83,415

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Streator, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61364	$21,681	$33,552	$47,830	$80,378	$102,252

Source: Ownwell

Property Tax Bills Across Streator, Lasalle County, Illinois

In Streator, located in LaSalle County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Streator is $47,830, which influences the overall tax bill homeowners receive. The median tax bill in the area stands at $1,576, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,050 and the 90th percentile reaching $3,133. These figures show that while some homeowners may enjoy relatively low tax bills, others face higher charges. Ownwell can assist homeowners in Streator by reviewing their property assessments and identifying opportunities for tax savings. By appealing inaccurate assessments and ensuring all eligible exemptions are applied, Ownwell helps homeowners reduce their property tax liabilities, providing financial relief and peace of mind.

Property Tax Bills Across Streator, Lasalle County, Illinois

Source: Ownwell

$1,329

$3,289

$5,248

Median Streator Tax Bill

$1,576

Median Lasalle County Tax Bill

$2,340

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Streator, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61364	$647	$1,050	$1,576	$2,343	$3,133

Source: Ownwell