Roberts, Illinois Property Taxes
The median property tax rate in Roberts, IL is 3.54%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Roberts at $416,409, the typical annual property tax bill reaches $14,742, far exceeding the national median of $2,690. Property taxes in Roberts 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 Roberts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Roberts 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
Roberts, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.54%
Estimate Property Tax Bill
$14,741
$13,679
Ownwell’s Roberts Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roberts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roberts to estimate your property tax bill. This valuable tool provides insight into potential tax liabilities. For those interested in neighborhood-level trends, there is more localized information available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Roberts, Illinois
Property taxes in Roberts, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roberts is 3.54%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Roberts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roberts 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 Roberts' effective property tax rate to other counties in Illinois and the national median. For comparison, the 60962 zip code has both the highest and lowest median property tax rate of 3.54%. Understanding how these cities compare with Roberts provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roberts Tax Rate
3.54%
Average Livingston County Tax Rate
3.02%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roberts, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60962 | 3.54% | 3.54% | 3.54% | 3.54% | 3.54% |
Source: Ownwell
Property Tax Assessment Values Across Roberts, Illinois
In Roberts, 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 Livingston County Assessor 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 Roberts, 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. By understanding the distinction between 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 in Roberts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Roberts are both $14,742, found in zip code 60962.
Average Roberts Assessed Value
$416,409
Average Livingston County Assessed Value
$144,219
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roberts, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60962 | $416,409 | $416,409 | $416,409 | $416,409 | $416,409 |
Source: Ownwell
Property Tax Bills Across Roberts, Illinois
In Roberts, located in Livingston County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Local tax authorities determine this assessed value, and then a tax rate is applied to it. The median home price in Roberts is $416,409, and the property tax rate in the area is notably high compared to the national median property tax rate of 0.99%. Homeowners in Roberts can expect a median tax bill of $14,742, which is significantly higher than the national average. Several factors influence the tax bill, including the property's location, its assessed value, and the local tax rate set by the county. This high tax bill can impact homeowners by increasing their annual expenses, potentially making home ownership more costly. For those considering buying or selling property in Roberts, understanding these tax implications is crucial for financial planning and long-term investment strategies.
Average Roberts Tax Bill
$14,742
Average Livingston County Tax Bill
$4,592
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Roberts, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60962 | $14,742 | $14,742 | $14,742 | $14,742 | $14,742 |
Source: Ownwell