Birds, Illinois Property Taxes
The median property tax rate in BIRDS, IL is 2.13%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in BIRDS, the typical annual property tax bill reaches $161, exceeding the national median of $2,690. Property taxes in BIRDS 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 BIRDS'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 BIRDS 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
Birds, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$161
$149
Ownwell’s BIRDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIRDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIRDS 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 Birds, Illinois
Property taxes in BIRDS, Illinois, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in BIRDS is 2.13%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within BIRDS set these rates annually, and they can vary across different neighborhoods. Each year, BIRDS 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 BIRDS's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62427 zip code has the highest median property tax rate of 2.13%, while the same zip code also has the lowest median tax rate of 2.13%. Understanding how these cities compare with BIRDS provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birds Tax Rate
2.13%
Average Lawrence County Tax Rate
3.07%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birds, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62427 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Birds, Illinois
In BIRDS, 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 Lawrence 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 BIRDS, 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. The median home price in BIRDS is $7,542, with a median tax bill of $161. The highest and lowest median tax bills both occur in the 62427 zip code, amounting to $161. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Birds Assessed Value
$7,542
Average Lawrence County Assessed Value
$22,875
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birds, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62427 | $7,542 | $7,542 | $7,542 | $7,542 | $7,542 |
Source: Ownwell
Property Tax Bills Across Birds, Illinois
In the city of Birds, located in Lawrence County, IL, property tax bills are determined based on the assessed value of a home, which is calculated as a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For Birds, the tax bills show a consistent median amount of $161, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the market value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Birds benefit from the relatively low property tax rates, which can make homeownership more affordable compared to other regions. The consistency in tax bills across different percentiles—25th, 75th, and 90th—indicates a stable tax environment, providing predictability for homeowners. This stability and affordability can be particularly advantageous for those on fixed incomes or looking to manage their long-term housing costs effectively.
Average Birds Tax Bill
$161
Average Lawrence County Tax Bill
$743
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Birds, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62427 | $161 | $161 | $161 | $161 | $161 |
Source: Ownwell