Girard, Illinois Property Taxes
The median property tax rate in Girard, IL is 2.40%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Girard at $84,746, the typical annual property tax bill reaches $1,963, which is below the national median of $2,690. Property taxes in Girard are calculated based on the tax assessed value, typically lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Girard'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 Girard 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
Girard, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$2,034
$1,987
Ownwell’s Girard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Girard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Girard 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 Girard, Illinois
Property taxes in Girard, Illinois, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Girard stands at 2.40%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Girard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Girard 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 Girard's effective property tax rate to other counties in Illinois and the national median. For comparison, the ZIP code 62640 has both the highest and lowest median property tax rate of 2.40%. Understanding how these cities compare with Girard provides valuable insights into the varying tax landscape across Macoupin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Girard Tax Rate
2.40%
Average Macoupin County Tax Rate
1.93%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Girard, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62640 | 1.49% | 2.05% | 2.40% | 2.77% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Girard, Illinois
In Girard, 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 Macoupin County Appraisal District 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 Girard, 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. The median home price in Girard is $84,746, with tax bills ranging significantly. The 25th percentile tax bill is $1,076, while the 75th percentile tax bill climbs to $3,248, and the 90th percentile reaches $4,846. The zip code with the highest median tax bill is 62640, amounting to $1,963. 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 Girard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Girard Assessed Value
$84,746
Average Macoupin County Assessed Value
$80,204
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Girard, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62640 | $26,397 | $52,106 | $84,746 | $134,590 | $197,944 |
Source: Ownwell
Property Tax Bills Across Girard, Illinois
In Girard, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is typically a percentage of the property's market value. For instance, if the median home price in Girard is $84,746, the assessed value would be a fraction of this amount. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location within Macoupin County, local tax rates, and any applicable exemptions. Homeowners in Girard experience a range of tax bills, with the 25th percentile at $1,076 and the 75th percentile at $3,248. The highest median tax bill in the area is $1,963, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Girard Tax Bill
$1,963
Average Macoupin County Tax Bill
$1,490
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Girard, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62640 | $479 | $1,076 | $1,963 | $3,248 | $4,846 |
Source: Ownwell