Emden, Illinois Property Taxes
The median property tax rate in Emden, IL is 2.43%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Emden, the typical annual property tax bill reaches $7,154, significantly exceeding the national median of $2,690. Property taxes in Emden 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 Emden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Emden 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
Emden, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$6,772
$6,284
Ownwell’s EMDEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EMDEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EMDEN to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Emden, Illinois
Property taxes in Emden, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emden is 2.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Emden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emden 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 Emden's effective property tax rate to other areas in Illinois and the national median. For comparison, the zip code 62635 has the highest median property tax rate of 2.43%, while the same zip code also has the lowest median tax rate of 2.43%. Understanding how these areas compare with Emden provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emden Tax Rate
2.43%
Average Logan County Tax Rate
2.39%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62635 | 2.00% | 2.22% | 2.43% | 2.56% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Emden, Illinois
In Emden, 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 Logan County Assessment Office 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 Emden, 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 Emden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $7,154, found in the 62635 zip code.
Average Emden Assessed Value
$278,670
Average Logan County Assessed Value
$165,735
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62635 | $112,206 | $215,520 | $278,670 | $356,385 | $432,036 |
Source: Ownwell
Property Tax Bills Across Emden, Illinois
In EMDEN, Logan County, IL, property tax bills are determined based on the assessed value of a home, which is typically a fraction of its market value. The assessed value is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $278,670 and a tax rate of 0.99%, homeowners can expect a tax bill around $2,759. However, specific tax bills can vary significantly. For example, the 25th percentile tax bill is $4,808, while the 75th percentile tax bill is $9,087, and the 90th percentile tax bill can reach up to $10,447. These variations are influenced by factors like property location, local school district funding needs, and municipal services. High property tax bills can impact homeowners by increasing their overall housing costs, potentially affecting affordability and financial planning. Understanding these factors helps homeowners in EMDEN better anticipate their property tax obligations and manage their finances accordingly.
Average Emden Tax Bill
$7,154
Average Logan County Tax Bill
$4,059
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Emden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62635 | $2,258 | $4,808 | $7,154 | $9,087 | $10,447 |
Source: Ownwell