Sorento, Montgomery County, Illinois Property Taxes

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

Median Sorento, IL effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Sorento, IL home value: $160,581
Median annual Sorento, IL tax bill: $3,369, $969 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Sorento, Montgomery County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$4,255

$3,949

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

Property Tax Rates Across Sorento, Montgomery County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is 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 Sorento, located in Montgomery County, IL, property tax rates can be significantly different from those in other parts of Illinois and the country. The effective property tax rate in Sorento is a reflection of the county's budgetary needs and the total assessed value of properties. With Illinois having one of the highest median property tax rates in the nation, Sorento's rate is notably above the national median of 1.02%. This makes understanding and potentially appealing your property taxes in Sorento particularly important. Comparing Sorento’s rates to both state and national medians highlights the impact of local government decisions on property owners. Engaging in a property tax appeal or seeking exemptions could offer substantial savings for residents in this area.

Property Tax Rates Across Sorento, Montgomery County, Illinois

Source: Ownwell

2.05%

2.39%

2.72%

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 Sorento Tax Rate

2.65%

Median Effective Montgomery County Tax Rate

2.46%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sorento, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62086	2.10%	2.34%	2.65%	2.75%	2.83%

Source: Ownwell

Property Tax Assessment Values Across Sorento, Montgomery County, Illinois

When examining property taxes in Sorento, IL, 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 Montgomery 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 Montgomery 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 Sorento. For example, the median home price in Sorento is $160,581, with tax bills ranging significantly across the county. 62086 has the highest median home price at $160,581.

Property Tax Assessment Values Across Sorento, Montgomery County, Illinois

Source: Ownwell

$80,096

$125,436

$170,775

Median Sorento Market Value

$160,581

Median Montgomery County Market Value

$105,765

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sorento, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62086	$48,766	$78,687	$160,581	$185,692	$203,880

Source: Ownwell

Property Tax Bills Across Sorento, Montgomery County, Illinois

In Sorento, IL, located in Montgomery County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, any applicable exemptions, and changes in local government budgets. Homeowners in Sorento face a median tax bill of $3,369, which is well above the national median of $2,400. This can be a significant financial burden, especially when considering that the 25th percentile tax bill is $2,085, while the 75th percentile reaches $5,054.

Ownwell offers valuable assistance to homeowners by providing expert property tax appeal services. By analyzing individual property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps reduce the tax burden. Homeowners can potentially save hundreds or even thousands of dollars on their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Sorento, Montgomery County, Illinois

Source: Ownwell

$1,498

$3,096

$4,694

Median Sorento Tax Bill

$3,369

Median Montgomery County Tax Bill

$2,523

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Sorento, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62086	$1,757	$2,085	$3,369	$5,054	$5,400

Source: Ownwell