Karnak, Massac County, Illinois Property Taxes

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

Median Karnak, IL effective property tax rate: 2.15%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Karnak, IL home value: $75,008
Median annual Karnak, IL tax bill: $1,338, $1,062 lower than the national median property tax bill of $2,400.

How are property taxes in Massac County calculated?

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

Last Updated March 1, 2025

Karnak, Massac County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.15%

Estimate Property Tax Bill

$1,613

$1,497

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

Property Tax Rates Across Karnak, Massac 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. In Karnak, located in Massac County, Illinois, the effective property tax rate stands out when compared to other cities in Illinois. The median property tax rate in Illinois is 2.15%, which is notably higher than the national median of 1.02%. This means that residents in Karnak are subject to a higher property tax rate compared to the national average, which could impact the overall cost of owning property in the area. Understanding these rates is crucial for homeowners who are considering their financial obligations and potential savings through tax appeals and exemptions.

Property Tax Rates Across Karnak, Massac County, Illinois

Source: Ownwell

2.07%

2.55%

3.03%

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 Karnak Tax Rate

2.15%

Median Effective Massac County Tax Rate

2.51%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Karnak, Massac County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62956	1.19%	1.64%	2.15%	2.83%	4.89%

Source: Ownwell

Property Tax Assessment Values Across Karnak, Massac County, Illinois

When examining property taxes in Karnak, 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 Massac 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 Massac County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Karnak. For example, the median home price in Karnak is $75,008, with tax bills ranging significantly across the county. Zip code 62956 has the highest median home price at $75,008.

Property Tax Assessment Values Across Karnak, Massac County, Illinois

Source: Ownwell

$4,650

$55,716

$106,781

Median Karnak Market Value

$75,008

Median Massac County Market Value

$60,801

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Karnak, Massac County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62956	$11,515	$31,488	$75,008	$110,906	$146,520

Source: Ownwell

Property Tax Bills Across Karnak, Massac County, Illinois

In Karnak, located in Massac County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the property tax bill. Factors such as the local government's budget needs and the overall property values in the area influence the tax rate. Homeowners in Karnak face a median property tax bill of $1,338, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as much as $3,325, especially for higher-valued properties. This variability can impact homeowners financially, making it essential to ensure their property is fairly assessed. Ownwell assists homeowners by reviewing property assessments and identifying potential savings opportunities. By appealing excessive assessments, Ownwell helps reduce tax liabilities, ensuring homeowners pay only their fair share. This service can lead to significant savings, providing financial relief and peace of mind.

Property Tax Bills Across Karnak, Massac County, Illinois

Source: Ownwell

$150

$1,370

$2,589

Median Karnak Tax Bill

$1,338

Median Massac County Tax Bill

$1,443

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Karnak, Massac County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62956	$268	$856	$1,338	$2,348	$3,325

Source: Ownwell