Lawrenceville, Lawrence County, Illinois Property Taxes

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

Median Lawrenceville, IL effective property tax rate: 2.61%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Lawrenceville, IL home value: $23,827. Median annual Lawrenceville, IL tax bill: $760, $1,640 lower than the national median property tax bill of $2,400. How are property taxes in Lawrence calculated? Property taxes in Lawrenceville, 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 Lawrenceville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lawrenceville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lawrenceville, Lawrence County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.61%

Estimate Property Tax Bill

$622

$577

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

Property Tax Rates Across Lawrenceville, Lawrence County, Illinois

Local government entities are responsible for setting property tax rates, which can vary significantly across Illinois. Each year, counties like Lawrence estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process. In Lawrenceville, located in Lawrence County, the effective property tax rate is 2.61%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Illinois, Lawrenceville's tax rate reflects the highest median tax rate in the state. The property tax bill in Lawrenceville is a significant consideration for homeowners, as it impacts the overall cost of owning property in the area. Understanding these rates can help property owners make informed decisions about their investments and potential property tax appeals.

Property Tax Rates Across Lawrenceville, Lawrence County, Illinois

Source: Ownwell

2.06%

3.13%

4.19%

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 Lawrenceville Taxx Rate

2.61%

Median Effective Lawrence County Taxx Rate

3.07%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Lawrenceville, Lawrence County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62439	1.92%	2.19%	2.61%	5.64%	7.59%

Source: Ownwell

Property Tax Assessment Values Across Lawrenceville, Lawrence County, Illinois

When examining property taxes in Lawrenceville, 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 Lawrence County Assessor 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 Lawrence 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 Lawrenceville. For example, the median home price in Lawrenceville is $23,827, with tax bills ranging significantly across the county. 62439 has the highest median home price at $23,827.

Property Tax Assessment Values Across Lawrenceville, Lawrence County, Illinois

Source: Ownwell

$15,791

$19,981

$24,171

Median Lawrenceville Market Value

$23,827

Median Lawrence County Market Value

$22,875

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Lawrenceville, Lawrence County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62439	$3,211	$8,536	$23,827	$42,346	$69,267

Source: Ownwell

Property Tax Bills Across Lawrenceville, Lawrence County, Illinois

In Lawrenceville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Lawrenceville is $23,827, significantly lower than the national median. With a property tax rate that contributes to a median tax bill of $760, homeowners here pay less than the national median tax bill of $2,400. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Lawrence County might see tax bills ranging from $271 at the 25th percentile to $2,803 at the 90th percentile, indicating variability based on property value and exemptions. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and ensuring accurate valuations, Ownwell helps reduce tax liabilities, ensuring homeowners do not overpay. This service can be particularly beneficial in regions like Lawrenceville, where property values and tax bills can vary widely.

Property Tax Bills Across Lawrenceville, Lawrence County, Illinois

Source: Ownwell

$472

$677

$882

Median Lawrenceville Tax Bill

$760

Median Lawrence County Tax Bill

$743

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Lawrenceville, Lawrence County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62439	$85	$271	$760	$1,561	$2,803

Source: Ownwell