Dalton City, Illinois Property Taxes
The median property tax rate in Dalton City, IL is 2.20%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Dalton City, the typical annual property tax bill reaches $5,808, exceeding the national median of $2,690. Property taxes in Dalton City 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 Dalton City'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 Dalton City 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
Dalton City, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$5,931
$5,795
Ownwell’s Dalton City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dalton City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dalton City 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 Dalton City, Illinois
Property taxes in Dalton City, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dalton City is 2.20%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Dalton City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dalton City 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 Dalton City's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61925 zip code has both the highest and lowest median property tax rate of 2.20%. Understanding how these cities compare with Dalton City provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dalton City Tax Rate
2.20%
Average Macon County Tax Rate
2.55%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dalton City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61925 | 1.92% | 2.06% | 2.20% | 2.25% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Dalton City, Illinois
In Dalton City, 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 Macon 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 Dalton City, 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. The median home price in Dalton City is $269,586, and the median tax bill ranges from $2,933 at the 25th percentile to $9,314 at the 90th percentile. The zip code 61925 has the highest median tax bill of $5,808. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dalton City Assessed Value
$269,586
Average Macon County Assessed Value
$87,275
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dalton City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61925 | $100,126 | $150,384 | $269,586 | $324,591 | $416,897 |
Source: Ownwell
Property Tax Bills Across Dalton City, Illinois
In Dalton City, located in Macon County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value typically represents a percentage of the property's market value. The tax rate, applied to this assessed value, is set by various taxing authorities, including schools, municipalities, and other local government entities. Homeowners in Dalton City experience a range of property tax bills. For instance, the 25th percentile tax bill is approximately $2,933, while the 75th percentile tax bill rises to around $7,104. At the 90th percentile, homeowners may face tax bills as high as $9,314. The median home price in Dalton City is $269,586, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Dalton City may find their tax rates either higher or lower, impacting their annual financial planning and property investment decisions.
Average Dalton City Tax Bill
$5,808
Average Macon County Tax Bill
$2,091
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Dalton City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61925 | $1,936 | $2,933 | $5,808 | $7,104 | $9,314 |
Source: Ownwell