Rutland, Marshall County, Illinois Property Taxes

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

Median Rutland, IL effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rutland, IL home value: $135,216
Median annual Rutland, IL tax bill: $3,649, $1,249 higher than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Rutland, Marshall County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$3,610

$3,350

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

Property Tax Rates Across Rutland, Marshall County, Illinois

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Rutland’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Rutland, located in Marshall County, has an effective property tax rate of 2.67%, which is significantly higher than the national median rate of 1.02%. This makes it one of the highest in the state, matching the highest rate in Illinois. The property tax bill in Rutland reflects this higher rate, which is substantially above the national median property tax bill of $2,400. Understanding these figures can help property owners in Rutland make informed decisions about appealing their property tax assessments or seeking exemptions where applicable.

Property Tax Rates Across Rutland, Marshall County, Illinois

Source: Ownwell

2.31%

2.62%

2.92%

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 Rutland Tax Rate

2.67%

Median Effective Marshall County Tax Rate

2.51%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rutland, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61358	2.25%	2.49%	2.67%	2.88%	3.06%

Source: Ownwell

Property Tax Assessment Values Across Rutland, Marshall County, Illinois

When examining property taxes in Rutland, 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 Marshall County Assessor 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 Marshall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Rutland.

For example, the median home price in Rutland is $135,216, with tax bills ranging significantly across the county. Zip code 61358 has the highest median home price at $135,216.

Property Tax Assessment Values Across Rutland, Marshall County, Illinois

Source: Ownwell

$114,447

$143,447

$172,446

Median Rutland Market Value

$135,216

Median Marshall County Market Value

$137,295

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rutland, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61358	$46,998	$84,820	$135,216	$196,078	$231,884

Source: Ownwell

Property Tax Bills Across Rutland, Marshall County, Illinois

In Rutland, 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 is a percentage of the market value of the property. The tax rate, set by local taxing authorities, is then applied to the assessed value to determine the tax bill. Homeowners in Rutland face a median property tax bill of $3,649, which is significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. High property tax bills can be a burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners reduce their tax bills. Our team of professionals works diligently to ensure properties are accurately assessed and that homeowners receive all eligible exemptions, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Rutland, Marshall County, Illinois

Source: Ownwell

$2,640

$3,558

$4,476

Median Rutland Tax Bill

$3,649

Median Marshall County Tax Bill

$3,331

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Rutland, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61358	$1,383	$2,215	$3,649	$5,552	$6,890

Source: Ownwell