Keithsburg, Mercer County, Illinois Property Taxes

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

Median Keithsburg, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Keithsburg, IL home value: $116,378
Median annual Keithsburg, IL tax bill: $2,779, $379 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer County calculated?

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

Last Updated March 1, 2025

Keithsburg, Mercer County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$2,816

$2,613

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

Property Tax Rates Across Keithsburg, Mercer County, Illinois

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties like Mercer estimate their budgetary needs to provide essential services. They then divide this budget by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the core annual procedure. In Keithsburg, located in Mercer County, the effective property tax rate is a reflection of these calculations. The median property tax rate in Illinois stands at 2.42%, which is notably higher than the national median of 1.02%. This places Illinois among the states with the highest property tax rates in the country. Property owners in Illinois, including those in Keithsburg, face a median property tax bill that significantly exceeds the national median of $2,400. Understanding these rates and their implications can be crucial for property owners seeking to manage their expenses effectively.

Property Tax Rates Across Keithsburg, Mercer County, Illinois

Source: Ownwell

2.25%

2.50%

2.75%

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 Keithsburg Tax Rate

2.42%

Median Effective Mercer County Tax Rate

2.47%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Keithsburg, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61442	2.03%	2.36%	2.42%	2.69%	2.75%

Source: Ownwell

Property Tax Assessment Values Across Keithsburg, Mercer County, Illinois

When examining property taxes in Keithsburg, 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 Mercer County Assessor's Office 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 Mercer 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 Keithsburg. For example, the median home price in Keithsburg is $116,378, with tax bills ranging significantly across the county. The 61442 zip code has the highest median home price at $116,378.

Property Tax Assessment Values Across Keithsburg, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median Keithsburg Market Value

$116,378

Median Mercer County Market Value

$156,489

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Keithsburg, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61442	$14,614	$60,585	$116,378	$188,366	$278,574

Source: Ownwell

Property Tax Bills Across Keithsburg, Mercer County, Illinois

In Keithsburg, located in Mercer County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to calculate the final tax bill. Factors such as local government budgets, school funding, and public services influence these rates. For homeowners in Keithsburg, the property tax burden can be significant. The median tax bill is $2,779, which is higher than the national median of $2,400, despite the median home price being $116,378. This discrepancy highlights the impact of local tax rates on homeowners. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell identifies discrepancies and potential savings. Our team navigates the appeal process on your behalf, ensuring you pay only your fair share, potentially saving you hundreds or even thousands of dollars annually on your property tax bill.

Property Tax Bills Across Keithsburg, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median Keithsburg Tax Bill

$2,779

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Keithsburg, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61442	$453	$1,457	$2,779	$4,730	$7,234

Source: Ownwell