Sawyerville, Illinois Property Taxes
The median property tax rate in Sawyerville, IL is 1.69%, considerably higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With the median home value in Sawyerville, the typical annual property tax bill reaches $623, which is significantly below the national median of $2,690. Property taxes in Sawyerville 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 Sawyerville'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 Sawyerville 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
Sawyerville, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Sawyerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sawyerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sawyerville 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 Sawyerville, Illinois
Property taxes in Sawyerville, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sawyerville stands at 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sawyerville set these rates annually, and they can vary across different neighborhoods. Each year, Sawyerville 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 Sawyerville's effective property tax rate to other areas in Illinois and the national median. For comparison, the zip code 62085 has the same median property tax rate of 1.69%. Understanding how these areas compare with Sawyerville 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 Sawyerville Tax Rate
1.69%
Average Macoupin County Tax Rate
1.93%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sawyerville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62085 | 0.51% | 1.08% | 1.69% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Sawyerville, Illinois
In Sawyerville, 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 Sawyerville, 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 stands at $41,397, with tax bills ranging from $258 at the 25th percentile to $1,267 at the 90th percentile. 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 Sawyerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sawyerville Assessed Value
$41,397
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 Sawyerville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62085 | $10,696 | $28,608 | $41,397 | $60,957 | $78,800 |
Source: Ownwell
Property Tax Bills Across Sawyerville, Illinois
In Sawyerville, located in Macoupin County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the property's market value. The local tax rate is then applied to this assessed value to compute the annual property tax bill. For homeowners in Sawyerville, the median home price is $41,397. Property tax bills in the area range significantly, with the 25th percentile at $258 and the 75th percentile reaching $994. The 90th percentile tax bill is $1,267, indicating that the highest tax burdens can be substantial for some residents. Compared to the national median property tax rate of 0.99%, the property tax rates in Sawyerville can have a notable impact on homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for residents to manage their property expenses effectively.
Average Sawyerville Tax Bill
$623
Average Macoupin County Tax Bill
$1,490
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Sawyerville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62085 | $103 | $258 | $623 | $994 | $1,267 |
Source: Ownwell