Kinmundy, Marion County, Illinois Property Taxes

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

Median Kinmundy, IL effective property tax rate: 1.92%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Kinmundy, IL home value: $80,156. Median annual Kinmundy, IL tax bill: $1,410, $990 lower than the national median property tax bill of $2,400. How are property taxes in Marion calculated? Property taxes in Kinmundy, 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 Kinmundy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kinmundy, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kinmundy, Marion County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.92%

Estimate Property Tax Bill

$1,539

$1,428

Ownwell’s Kinmundy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kinmundy with just two data points. By entering your property's estimated assessed value, our calculator applies Kinmundy’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 Kinmundy, Marion County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county, including 17121, annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In KINMUNDY, the effective property tax rate reflects the unique needs and property values of the area. Compared to the national median property tax rate of 1.02%, KINMUNDY's rate is significantly higher, reflecting the higher demands or property values in the region. This can be a deciding factor for potential homeowners or investors when considering property in this area.

Understanding the local property tax landscape is crucial for property owners and potential buyers. It not only affects the affordability of owning property but also the level of services provided by the local government. By comparing KINMUNDY’s effective property tax rate to other cities in IL and the median rates in IL and the U.S., property owners can make more informed decisions about their investments.

Property Tax Rates Across Kinmundy, 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 Kinmundy Taxx Rate

1.92%

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 Kinmundy, Marion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62854	0.76%	1.42%	1.92%	2.32%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Kinmundy, Marion County, Illinois

When examining property taxes in Kinmundy, IL, 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 appraisal 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. Assessment notices: 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 Kinmundy. For example, the median home price in Kinmundy is $80,156, with tax bills ranging significantly across the county. Zip code 62854 has the highest median home price at $80,156.

Property Tax Assessment Values Across Kinmundy, Marion County, Illinois

Source: Ownwell

$24,930

$79,446

$133,962

Median Kinmundy Market Value

$80,156

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 Kinmundy, Marion County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62854	$12,588	$33,562	$80,156	$144,820	$203,276

Source: Ownwell

Property Tax Bills Across Kinmundy, Marion County, Illinois

In Kinmundy, located in Marion County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as local government budgets, school funding, and public services influence these tax rates. Homeowners in Kinmundy face a median property tax bill of $1,410, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners in the area paying as low as $422 or as high as $4,314. This variability can impact household budgets and financial planning. Ownwell offers assistance by analyzing your property’s assessment and identifying potential discrepancies or opportunities for exemptions. By appealing your property tax assessment, Ownwell can help reduce your tax burden, ensuring you only pay your fair share. With expert guidance, homeowners can potentially save hundreds or even thousands on their property tax bills.

Property Tax Bills Across Kinmundy, Marion County, Illinois

Source: Ownwell

$425

$1,151

$1,876

Median Kinmundy Tax Bill

$1,410

Median Marion County Tax Bill

$1,004

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Kinmundy, Marion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62854	$162	$422	$1,410	$2,733	$4,314

Source: Ownwell