Varna, Marshall County, Illinois Property Taxes

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

Median Varna, IL effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Varna, IL home value: $157,557
Median annual Varna, IL tax bill: $3,682, $1,282 higher than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Varna, Marshall County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.49%

Estimate Property Tax Bill

$3,923

$3,641

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

Varna in Marshall County, Illinois, stands out with a median property tax rate of 2.49%. This rate is notably higher than the national median property tax rate of 1.02%. Such a significant difference highlights how property tax rates can vary not only between states but also within individual counties. Illinois, known for its higher-than-average property taxes, reflects this trend in Varna.

Property owners in Varna may find these rates impactful, especially when compared to the national median property tax bill of $2,400. Understanding these differences can be crucial for property owners looking to manage their expenses effectively. By exploring property tax appeal and exemption services, residents can potentially reduce their financial burden and ensure they are not overpaying on their property taxes.

Property Tax Rates Across Varna, 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 Varna Tax Rate

2.49%

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 Varna, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61375	1.81%	2.28%	2.49%	2.68%	2.77%

Source: Ownwell

Property Tax Assessment Values Across Varna, Marshall County, Illinois

When examining property taxes in Varna, 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 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.

In Marshall 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 Varna. For example, the median home price in Varna is $157,557, with tax bills ranging significantly across the county. Zip code 61375 has the highest median home price at $157,557.

Property Tax Assessment Values Across Varna, Marshall County, Illinois

Source: Ownwell

$114,447

$143,447

$172,446

Median Varna Market Value

$157,557

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 Varna, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61375	$57,076	$91,685	$157,557	$212,798	$361,923

Source: Ownwell

Property Tax Bills Across Varna, Marshall County, Illinois

In Varna, Marshall County, IL, property tax bills are calculated using 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 determine the tax bill. Homeowners in Varna experience a range of property tax bills, with the 25th percentile at $1,974 and the 75th percentile reaching $5,437. The national median tax bill is $2,400, highlighting the variability within the area. Factors such as changes in market value, local government budgets, and tax rates can influence the tax bill each year, impacting homeowners' finances. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, easing the financial burden of property taxes and ensuring that homeowners in Varna pay only their fair share.

Property Tax Bills Across Varna, Marshall County, Illinois

Source: Ownwell

$2,640

$3,558

$4,476

Median Varna Tax Bill

$3,682

Median Marshall County Tax Bill

$3,331

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Varna, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61375	$980	$1,974	$3,682	$5,437	$10,497

Source: Ownwell