Fults, Monroe County, Illinois Property Taxes

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

Median Fults, IL effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Fults, IL home value: $179,895
Median annual Fults, IL tax bill: $3,224, $824 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated March 1, 2025

Fults, Monroe County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$3,418

$3,172

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

Property Tax Rates Across Fults, Monroe County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Fults, located in Monroe County, Illinois, the effective property tax rate stands at 1.90%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the unique financial needs and property values within the county. Despite the higher rate, it is essential to understand that these funds support local services such as schools, emergency services, and infrastructure maintenance. Comparing Fults’ rate to other cities in Illinois and the broader U.S. context highlights the diversity in property tax rates based on local government decisions and community needs. Understanding these variations can help property owners make informed decisions about tax appeals and exemptions.

Property Tax Rates Across Fults, Monroe County, Illinois

Source: Ownwell

1.69%

1.91%

2.13%

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 Fults Taxx Rate

1.90%

Median Effective Monroe County Taxx Rate

1.91%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Fults, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62244	1.46%	1.73%	1.90%	2.00%	2.11%

Source: Ownwell

Property Tax Assessment Values Across Fults, Monroe County, Illinois

When examining property taxes in Fults, 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 Monroe 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 Monroe 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 Fults.

For example, the median home price in Fults is $179,895, with tax bills ranging significantly across the county. Zip code 62244 has the highest median home price at $179,895.

Property Tax Assessment Values Across Fults, Monroe County, Illinois

Source: Ownwell

$54,540

$147,450

$240,360

Median Fults Market Value

$179,895

Median Monroe County Market Value

$218,520

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Fults, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62244	$66,975	$113,850	$179,895	$241,852	$300,450

Source: Ownwell

Property Tax Bills Across Fults, Monroe County, Illinois

In Fults, located in Monroe County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's size, location, and condition. For homeowners in Fults, the property tax landscape can be challenging, with tax bills ranging from $1,890 at the 25th percentile to $5,794 at the 90th percentile. The median home price in the area is $179,895, which affects the overall tax obligation. Compared to the national median property tax bill of $2,400, Fults homeowners may find themselves paying more, especially at higher percentiles. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it accurately reflects the property's true market value, Ownwell can help reduce the tax burden, potentially saving homeowners substantial amounts on their annual property tax bills.

Property Tax Bills Across Fults, Monroe County, Illinois

Source: Ownwell

$954

$2,691

$4,428

Median Fults Tax Bill

$3,224

Median Monroe County Tax Bill

$3,972

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Fults, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62244	$903	$1,890	$3,224	$4,647	$5,794

Source: Ownwell