Viola, Mercer County, Illinois Property Taxes

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

Median Viola, 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 Viola, IL home value: $148,326
Median annual Viola, IL tax bill: $3,140, $740 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

Viola, 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

$3,589

$3,331

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

Local government entities set tax rates, which can vary widely within a state. This variation exists because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Viola, located in Mercer County, Illinois, property owners face unique tax circumstances. The effective property tax rate in this area stands significantly higher than the national median of 1.02%. This elevated rate reflects the specific budgetary needs of the local government and the value of properties in the region.

Comparatively, Viola’s rate is consistent with the highest and lowest median tax rates found across Illinois, indicating a uniformity within this specific locality. However, when contrasted with the median property tax rates in Illinois and the U.S., Viola’s rate is notably higher. This difference underscores the importance of understanding local tax structures and the potential for savings through property tax appeals and exemptions.

Property Tax Rates Across Viola, 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 Viola 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 Viola, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61486	1.67%	2.15%	2.42%	2.62%	2.64%

Source: Ownwell

Property Tax Assessment Values Across Viola, Mercer County, Illinois

When examining property taxes in Viola, 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 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 Viola. For example, the median home price in Viola is $148,326, with tax bills ranging significantly across the county. Zip code 61486 has the highest median home price at $148,326.

Property Tax Assessment Values Across Viola, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median Viola Market Value

$148,326

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 Viola, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61486	$40,943	$81,896	$148,326	$225,754	$275,318

Source: Ownwell

Property Tax Bills Across Viola, Mercer County, Illinois

In Viola, located in Mercer County, IL, property tax bills are calculated based on 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 determine the annual tax bill. The median home price in this area is $148,326, and with a property tax rate above the national median of 1.02%, homeowners often face significant tax bills. For instance, the 25th percentile tax bill is $1,759, while the 75th percentile reaches $5,168, indicating a wide range in tax burdens. High tax bills can strain homeowners financially, making it crucial to ensure assessments are accurate. Ownwell assists homeowners by reviewing property assessments and identifying potential errors or overvaluations. By appealing these assessments, Ownwell helps reduce tax obligations, ensuring homeowners pay only their fair share. This service is particularly valuable in areas like Viola, where property taxes can be a substantial financial burden.

Property Tax Bills Across Viola, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median Viola Tax Bill

$3,140

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Viola, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61486	$783	$1,759	$3,140	$5,168	$6,713

Source: Ownwell