Long Point, Livingston County, Illinois Property Taxes

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

Median Long Point, IL effective property tax rate: 3.02%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Long Point, IL home value: $137,898
Median annual Long Point, IL tax bill: $4,277, $1,877 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Long Point, Livingston County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.02%

Estimate Property Tax Bill

$4,165

$3,865

Ownwell’s Long Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Long Point with just two data points. By entering your property's estimated assessed value, our calculator applies Long Point’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 Long Point, Livingston County, Illinois

Local government entities set property tax rates, which can vary significantly within a state. Annually, each county determines its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Long Point, located in Livingston County, Illinois, the effective property tax rate is a point of interest. Compared to other cities in Illinois, Long Point's rate is notably higher. The median property tax rate in Illinois is 3.02%, which is substantially above the national median of 1.02%. This places a heavier burden on property owners in Long Point compared to many other parts of the country. Understanding these rates is crucial for homeowners looking to manage their expenses effectively. By comparing Long Point’s effective property tax rate to those in other cities within Illinois and the broader U.S. median, property owners can gain valuable insights into their financial obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Long Point, 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 Long Point Tax Rate

3.02%

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 Long Point, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61333	2.00%	2.59%	3.02%	3.23%	3.55%

Source: Ownwell

Property Tax Assessment Values Across Long Point, Livingston County, Illinois

When examining property taxes in Long Point, 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 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.

In Livingston 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 Long Point. For example, the median home price in Long Point is $137,898, with tax bills ranging significantly across the county. Zip code 61333 has the highest median home price at $137,898.

Property Tax Assessment Values Across Long Point, Livingston County, Illinois

Source: Ownwell

$103,203

$160,239

$217,275

Median Long Point Market Value

$137,898

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 Long Point, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61333	$41,948	$95,406	$137,898	$203,220	$269,845

Source: Ownwell

Property Tax Bills Across Long Point, Livingston County, Illinois

In Long Point, within Livingston County, IL, property tax bills are determined based on the assessed value of a home. This assessed value is typically a percentage of the property's market value, and it is multiplied by the local tax rate to calculate the tax bill. The median home price in Long Point is $137,898, with property tax bills ranging significantly. The 25th percentile tax bill is $2,477, while the 75th percentile tax bill rises to $7,252, and the 90th percentile tax bill reaches $9,405. Compared to the national median property tax bill of $2,400, homeowners in Long Point often face higher tax burdens. This can significantly impact homeowners' budgets, making it crucial to explore potential savings. Ownwell offers valuable assistance by providing property tax appeal and exemption services, helping homeowners navigate the complexities of property tax assessments. By leveraging expert knowledge and experience, Ownwell can help homeowners identify opportunities to reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Long Point, Livingston County, Illinois

Source: Ownwell

$3,410

$5,342

$7,273

Median Long Point Tax Bill

$4,277

Median Livingston County Tax Bill

$4,592

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Long Point, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61333	$1,422	$2,477	$4,277	$7,252	$9,405

Source: Ownwell