Elkhart, Logan County, Illinois Property Taxes
Median Elkhart, IL effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Elkhart, IL home value: $153,450
Median annual Elkhart, IL tax bill: $3,453, $1,053 higher than the national median property tax bill of $2,400.
How are property taxes in Logan calculated?
Property taxes in Elkhart, 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 Elkhart’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elkhart, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elkhart, Logan County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.3%
Estimate Property Tax Bill
$3,529
$3,275
Ownwell’s Elkhart Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elkhart with just two data points.
By entering your property's estimated assessed value, our calculator applies Elkhart’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 Logan County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Elkhart, Logan County, Illinois
Local government entities are responsible for setting tax rates, and these rates can differ significantly across a state. Each year, counties estimate their budget needs to fund services and divide this amount by the total assessed value of all taxable properties within their area. This process determines the property tax rate. While setting tax rates and budgets involves votes and legislation, this annual procedure is the core of how rates are established.
In Elkhart, located in Logan County, Illinois, the effective property tax rate serves as a point of comparison to other cities within Illinois and against the broader national landscape. The median property tax rate in Illinois is notably higher than the national median, which can impact homeowners' annual tax bills. Such comparisons highlight the variability in property tax obligations across different regions, underscoring the importance of understanding local tax rates. For property owners in Elkhart, this means navigating a tax landscape that may differ from other parts of the state and country, emphasizing the need for informed property tax management.
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 Elkhart Tax Rate
2.30%
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 Logan County Tax Rate
2.39%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elkhart, Logan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62634 | 1.84% | 2.08% | 2.30% | 2.53% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Elkhart, Logan County, Illinois
When examining property taxes in Elkhart, 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 Logan 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 Logan 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 Elkhart. For example, the median home price in Elkhart is $153,450, with tax bills ranging significantly across the county. The zip code 62634 has the highest median home price at $153,450.
Property Tax Assessment Values Across Elkhart, Logan County, Illinois
Source: Ownwell
$94,710
$201,323
$307,935
Median Elkhart Market Value
$153,450
Median Logan County Market Value
$165,735
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elkhart, Logan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62634 | $64,680 | $86,850 | $153,450 | $273,990 | $482,670 |
Source: Ownwell
Property Tax Bills Across Elkhart, Logan County, Illinois
In Elkhart, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, affecting the tax bill. For homeowners in Elkhart, the property tax burden can be significant, with tax bills ranging from $1,998 at the 25th percentile to $12,667 at the 90th percentile. The median tax bill in the area is notably higher than the national median of $2,400, reflecting the local tax rate and property values.
Ownwell assists homeowners by identifying potential savings on property tax bills through appeals and exemptions. By analyzing property assessments and ensuring they align with market conditions, Ownwell can help reduce the assessed value, leading to lower tax bills. This service is particularly beneficial in areas like Elkhart, where tax bills can vary widely and significantly impact household finances.
Median Elkhart Tax Bill
$3,453
Median Logan County Tax Bill
$4,059
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Elkhart, Logan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62634 | $1,363 | $1,998 | $3,453 | $6,265 | $12,667 |
Source: Ownwell