Gridley, Livingston County, Illinois Property Taxes
Median Gridley, IL effective property tax rate: 3.14%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Gridley, IL home value: $162,879
Median annual Gridley, IL tax bill: $5,182, $2,782 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in Gridley, 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 Gridley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gridley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gridley, Livingston County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.14%
Estimate Property Tax Bill
$5,114
$4,746
Property Tax Rates Across Gridley, Livingston County, Illinois
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 Gridley Tax Rate
3.14%
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 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 Gridley, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61744 | 2.70% | 2.98% | 3.14% | 3.42% | 3.80% |
Source: Ownwell
Property Tax Assessment Values Across Gridley, Livingston County, Illinois
When examining property taxes in Gridley, 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 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 Gridley.
For example, the median home price in Gridley is $162,879, with tax bills ranging significantly across the county. Zip code 61744 has the highest median home price at $162,879.
Property Tax Assessment Values Across Gridley, Livingston County, Illinois
Source: Ownwell
$103,203
$160,239
$217,275
Median Gridley Market Value
$162,879
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 Gridley, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61744 | $56,239 | $126,532 | $162,879 | $213,498 | $308,282 |
Source: Ownwell
Property Tax Bills Across Gridley, Livingston County, Illinois
In Gridley, located in Livingston County, IL, 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 is then applied to this assessed value to determine the tax bill. Factors such as local government budgets, school funding needs, and public services influence the tax rate. Homeowners in Gridley face a median property tax bill of $5,182, significantly higher than the national median of $2,400. This disparity can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers valuable services to homeowners by helping them appeal their property tax assessments and secure exemptions where applicable. By leveraging expert knowledge and experience, Ownwell can identify potential savings and guide homeowners through the appeal process, potentially reducing their tax bills. This assistance is crucial in a region where property taxes are notably higher than the national average, providing homeowners with much-needed financial relief.
Median Gridley Tax Bill
$5,182
Median Livingston County Tax Bill
$4,592
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Gridley, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61744 | $2,714 | $4,353 | $5,182 | $7,153 | $10,936 |
Source: Ownwell