New Boston, Mercer County, Illinois Property Taxes

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

Median New Boston, IL effective property tax rate: 2.48%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Boston, IL home value: $142,530
Median annual New Boston, IL tax bill: $3,308, $908 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

New Boston, Mercer County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.48%

Estimate Property Tax Bill

$3,535

$3,280

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

Local government entities set property 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, this is the annual process in a nutshell.

In New Boston, located in Mercer County, Illinois, the effective property tax rate stands at 2.48%. This rate is notably higher than the national median property tax rate of 1.02%. With a property tax rate significantly above the national average, property owners in New Boston face higher tax bills compared to many other regions in the United States. For context, the national median property tax bill is approximately $2,400.

Comparing New Boston’s effective property tax rate to other cities in Illinois and the U.S. highlights the potential for savings through appealing property tax assessments. By understanding the local tax landscape, property owners can make informed decisions to potentially reduce their tax burdens.

Property Tax Rates Across New Boston, 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 New Boston Tax Rate

2.48%

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 New Boston, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61272	1.92%	2.23%	2.48%	2.66%	2.66%

Source: Ownwell

Property Tax Assessment Values Across New Boston, Mercer County, Illinois

When examining property taxes in New Boston, 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 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 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 New Boston.

For example, the median home price in New Boston is $142,530, with tax bills ranging significantly across the county. The zip code 61272 has the highest median home price at $142,530.

Property Tax Assessment Values Across New Boston, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median New Boston Market Value

$142,530

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 New Boston, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61272	$31,363	$65,300	$142,530	$220,448	$328,089

Source: Ownwell

Property Tax Bills Across New Boston, Mercer County, Illinois

Property tax bills in New Boston, located in Mercer County, IL, are determined by the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. In New Boston, the median property tax bill is significantly higher than the national median, with figures reaching up to $8,202 at the 90th percentile. Homeowners often face substantial financial obligations due to these high tax bills, especially when compared to the national median property tax bill of $2,400. Factors influencing these taxes include local government budgets and property values, which can fluctuate based on market conditions. Ownwell assists homeowners by offering property tax appeal services, potentially reducing these burdensome tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps clients achieve fairer tax valuations, leading to significant savings. This service is invaluable for homeowners looking to manage their expenses more effectively.

Property Tax Bills Across New Boston, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median New Boston Tax Bill

$3,308

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across New Boston, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61272	$772	$1,605	$3,308	$5,574	$8,202

Source: Ownwell