Sparland, Marshall County, Illinois Property Taxes

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

Median Sparland, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Sparland, IL home value: $146,382
Median annual Sparland, IL tax bill: $3,787, $1,387 higher than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Sparland, Marshall County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$3,762

$3,491

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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.

In Sparland, located in Marshall County, Illinois, the effective property tax rate stands out compared to other areas. With a median property tax rate of 2.57%, it is notably higher than the national median of 1.02%. This means homeowners in Sparland face a property tax rate more than double the national average. It's important for property owners in Illinois to be aware of these rates, as they can significantly impact annual expenses. Comparing Sparland's rate to the state and national figures highlights the importance of understanding local property tax dynamics. Knowing these figures can help residents make informed decisions about property ownership and potential tax appeals.

Property Tax Rates Across Sparland, 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 Sparland Tax Rate

2.57%

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 Sparland, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61565	1.88%	2.34%	2.57%	2.74%	2.89%

Source: Ownwell

Property Tax Assessment Values Across Sparland, Marshall County, Illinois

When examining property taxes in Sparland, 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 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 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 Sparland.

For example, the median home price in Sparland is $146,382, with tax bills ranging significantly across the county. Zip code 61565 has the highest median home price at $146,382.

Property Tax Assessment Values Across Sparland, Marshall County, Illinois

Source: Ownwell

$114,447

$143,447

$172,446

Median Sparland Market Value

$146,382

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 Sparland, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61565	$53,128	$97,797	$146,382	$228,708	$298,643

Source: Ownwell

Property Tax Bills Across Sparland, Marshall County, Illinois

In Sparland, located in Marshall County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Sparland is $146,382, which plays a crucial role in calculating the tax bill. The tax rate is applied to the assessed value of the property, which is typically a percentage of the market value. Factors such as local government budgets and school funding needs also influence the tax rate. Homeowners in Sparland experience a range of tax bills, with the 25th percentile at $2,477 and the 90th percentile reaching up to $8,428. Compared to the national median property tax bill of $2,400, Sparland's figures indicate a significant variance. Homeowners can feel the impact of these taxes on their finances, especially if their property falls in the higher percentiles. Ownwell offers valuable assistance by reviewing assessments and identifying potential savings, ensuring homeowners pay only their fair share without overburdening their budget.

Property Tax Bills Across Sparland, Marshall County, Illinois

Source: Ownwell

$2,640

$3,558

$4,476

Median Sparland Tax Bill

$3,787

Median Marshall County Tax Bill

$3,331

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Sparland, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61565	$1,202	$2,477	$3,787	$6,130	$8,428

Source: Ownwell