Centralia, Marion County, Illinois Property Taxes

Name: Property Tax Bills Across Centralia, Marion County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Centralia, IL effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Centralia, IL home value: $37,740. Median annual Centralia, IL tax bill: $891, $1,509 lower than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

Property taxes in Centralia, 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 Centralia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Centralia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Centralia, Marion County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$955

$886

Ownwell’s Centralia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Centralia with just two data points. By entering your property's estimated assessed value, our calculator applies Centralia’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 Marion County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Centralia, Marion County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county's annual estimation of the required budget to provide essential services. The budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate.

This process involves votes and laws, but essentially, it repeats annually.

In Centralia, located in Marion County, Illinois, the effective property tax rate is significantly higher than the national median of 1.02%. This is reflective of the overall trend in Illinois, where property tax rates are among the highest in the country.

The median property tax rate in Centralia matches the highest and lowest rates in the area, emphasizing the consistency within this region.

Comparatively, the national median property tax bill is $2,400, which may be lower than what residents in Centralia might expect to pay due to the higher tax rate. Understanding these differences can help property owners in Centralia make informed decisions about their taxes and potential appeals.

Property Tax Rates Across Centralia, Marion County, Illinois

Source: Ownwell

1.55%

2.04%

2.53%

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 Centralia Taxx Rate

2.53%

Median Effective Marion County Taxx Rate

2.03%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Centralia, Marion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62801	0.95%	1.84%	2.53%	3.09%	3.09%

Source: Ownwell

Property Tax Assessment Values Across Centralia, Marion County, Illinois

When examining property taxes in Centralia, 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 Marion County assessment 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 Marion 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 Centralia. For example, the median home price in Centralia is $37,740, with tax bills ranging significantly across the county. Zip code 62801 has the highest median home price at $37,740.

Property Tax Assessment Values Across Centralia, Marion County, Illinois

Source: Ownwell

$24,930

$79,446

$133,962

Median Centralia Market Value

$37,740

Median Marion County Market Value

$53,770

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Centralia, Marion County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62801	$5,442	$15,390	$37,740	$89,250	$170,940

Source: Ownwell

Property Tax Bills Across Centralia, Marion County, Illinois

In Centralia, located in Marion County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in the area is $37,740, which significantly influences the assessed value. Compared to the national median property tax bill of $2,400, Centralia's tax bills can vary widely. The 25th percentile tax bill is $288, while the 75th percentile reaches $2,090, and the 90th percentile climbs to $4,026. This variation highlights the significant impact of property assessments and local tax rates on homeowners' financial responsibilities. Homeowners in Centralia can find themselves paying more than the national median rate depending on their property's assessed value and the local tax rate applied. Ownwell offers valuable services to help homeowners in Centralia potentially lower their property tax bills. By providing expert guidance and assistance in filing appeals, Ownwell can help ensure that homeowners are not overpaying and can save money by securing the most accurate and fair property tax assessments.

Property Tax Bills Across Centralia, Marion County, Illinois

Source: Ownwell

$425

$1,151

$1,876

Median Centralia Tax Bill

$891

Median Marion County Tax Bill

$1,004

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Centralia, Marion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62801	$112	$288	$891	$2,090	$4,026

Source: Ownwell