Cropsey, Livingston County, Illinois Property Taxes

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

Median Cropsey, IL effective property tax rate: 2.69%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Cropsey, IL home value: $164,488
Median annual Cropsey, IL tax bill: $4,761, $2,361 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Cropsey, Livingston County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.69%

Estimate Property Tax Bill

$4,425

$4,106

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

Property Tax Rates Across Cropsey, Livingston County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. Cropsey in Livingston County, Illinois, has an effective property tax rate of 2.69%. This rate stands out when compared to other cities in Illinois and the national median property tax rate of 1.02%. The median property tax rate in Illinois is notably higher than the national average, reflecting the region's approach to funding local services. In Cropsey, property owners face a property tax rate that mirrors the highest and lowest median rates in the region, which can significantly impact the overall cost of homeownership. Understanding these rates is crucial for homeowners looking to manage their expenses effectively.

Property Tax Rates Across Cropsey, Livingston County, Illinois

Source: Ownwell

2.69%

3.10%

3.51%

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 Cropsey Tax Rate

2.69%

Median Effective Livingston County Tax Rate

3.02%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cropsey, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61731	2.36%	2.51%	2.69%	2.79%	2.86%

Source: Ownwell

Property Tax Assessment Values Across Cropsey, Livingston County, Illinois

When examining property taxes in Cropsey, 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 Livingston 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 Livingston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Cropsey.

For example, the median home price in Cropsey is $164,488, with tax bills ranging significantly across the county. ZIP code 61731 has the highest median home price at $164,488.

Property Tax Assessment Values Across Cropsey, Livingston County, Illinois

Source: Ownwell

$103,203

$160,239

$217,275

Median Cropsey Market Value

$164,488

Median Livingston County Market Value

$144,219

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cropsey, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61731	$131,568	$133,108	$164,488	$227,852	$250,542

Source: Ownwell

Property Tax Bills Across Cropsey, Livingston County, Illinois

In Cropsey, Illinois, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, applied to this assessed value, determines the annual property tax bill. Factors such as market conditions and local government budgets can influence these rates. Homeowners in Cropsey face a median property tax bill of $4,761, significantly higher than the national median of $2,400. This can pose a substantial financial burden, especially when compared to the national median property tax rate of 1.02%.

Ownwell can assist homeowners in Cropsey by providing property tax appeal services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell helps ensure that homeowners are not overpaying on their property taxes. This service can lead to significant savings, making property ownership more affordable. With expertise in local property tax laws and a track record of successful appeals, Ownwell is well-positioned to help homeowners navigate the complexities of property tax assessments and reduce their tax bills.

Property Tax Bills Across Cropsey, Livingston County, Illinois

Source: Ownwell

$3,410

$5,342

$7,273

Median Cropsey Tax Bill

$4,761

Median Livingston County Tax Bill

$4,592

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Cropsey, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61731	$3,677	$3,758	$4,761	$6,110	$6,598

Source: Ownwell