Greenview, Menard County, Illinois Property Taxes

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

Median Greenview, 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 Greenview, IL home value: $87,165
Median annual Greenview, IL tax bill: $1,884, $516 lower than the national median property tax bill of $2,400.

How are property taxes in Menard calculated?

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

Last Updated March 1, 2025

Greenview, Menard 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

$1,874

$1,739

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

Property Tax Rates Across Greenview, Menard County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Greenview’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Greenview, located in Menard County, has a median property tax rate of 2.15%, which is significantly higher than the national median of 1.02%. This difference highlights the variance in property tax rates across the country. While the national median property tax bill is $2400, residents of Greenview experience a higher financial burden due to the elevated tax rate. Understanding these differences can be crucial for property owners considering an appeal or seeking exemptions.

Property Tax Rates Across Greenview, Menard County, Illinois

Source: Ownwell

2.15%

2.35%

2.55%

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 Greenview Tax Rate

2.15%

Median Effective Menard County Tax Rate

2.40%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenview, Menard County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62642	2.11%	2.14%	2.15%	2.19%	2.19%

Source: Ownwell

Property Tax Assessment Values Across Greenview, Menard County, Illinois

When examining property taxes in Greenview, Illinois, 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 Menard 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 Menard 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 Greenview.

For example, the median home price in Greenview is $87,165, with tax bills ranging significantly across the county. Zip code 62642 has the highest median home price at $87,165.

Property Tax Assessment Values Across Greenview, Menard County, Illinois

Source: Ownwell

$45,300

$78,017

$110,733

Median Greenview Market Value

$87,165

Median Menard County Market Value

$80,994

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenview, Menard County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62642	$7,404	$30,554	$87,165	$179,174	$273,616

Source: Ownwell

Property Tax Bills Across Greenview, Menard County, Illinois

In Greenview, located in Menard County, IL, property tax bills are determined by assessing the value of a home against the local tax rate. With a median home price of $87,165, the property tax bill can vary significantly. For instance, homeowners in the 25th percentile pay around $665, while those in the 75th percentile face bills as high as $3,884. At the 90th percentile, taxes can reach up to $6,103. The median tax bill in the area is $1,884, which is below the national median of $2,400, making it comparatively affordable. However, these taxes can still be a burden for many homeowners. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value, thereby affecting the tax bill. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local data, Ownwell can help ensure that homeowners are not overpaying, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Greenview, Menard County, Illinois

Source: Ownwell

$1,153

$1,917

$2,681

Median Greenview Tax Bill

$1,884

Median Menard County Tax Bill

$1,844

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenview, Menard County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62642	$159	$665	$1,884	$3,884	$6,103

Source: Ownwell