Walshville, Montgomery County, Illinois Property Taxes

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

Median Walshville, IL effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Walshville, IL home value: $104,360
Median annual Walshville, IL tax bill: $2,466, $66 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Walshville, Montgomery County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$2,484

$2,305

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

Local government entities in Illinois determine tax rates, and these can differ significantly across the state. This variation occurs because each county, including Montgomery, annually estimates the budget needed to fund services. This budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. Although the process involves votes and legislation to finalize tax rates and budgets, this is the core method used each year.

In Walshville, located in Montgomery County, the effective property tax rate can be compared to other cities in Illinois, as well as the median rates in the state and across the U.S. This comparison highlights the differences in property tax burdens homeowners face depending on their location. With Illinois having one of the highest median property tax rates in the country, understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Walshville, 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 Walshville Tax Rate

2.38%

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 Walshville, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62091	0.99%	1.88%	2.38%	2.66%	2.88%

Source: Ownwell

Property Tax Assessment Values Across Walshville, Montgomery County, Illinois

When examining property taxes in Walshville, 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 spring. 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 Walshville.

For example, the median home price in Walshville is $104,360, with tax bills ranging significantly across the county. The zip code 62091 has the highest median home price at $104,360.

Property Tax Assessment Values Across Walshville, Montgomery County, Illinois

Source: Ownwell

$80,096

$125,436

$170,775

Median Walshville Market Value

$104,360

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 Walshville, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62091	$26,259	$61,369	$104,360	$152,708	$200,805

Source: Ownwell

Property Tax Bills Across Walshville, Montgomery County, Illinois

In Walshville, Montgomery County, IL, 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. Various factors, such as changes in local government budgets or property values, can influence these rates, impacting the final amount homeowners are required to pay. With a median home price of $104,360, homeowners in Walshville face tax bills that can vary significantly, from the 25th percentile at $1,038 to the 90th percentile at $5,318. This range highlights the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities. By leveraging expert knowledge and a deep understanding of local tax regulations, Ownwell can help homeowners navigate the complexities of property taxation and achieve significant savings.

Property Tax Bills Across Walshville, Montgomery County, Illinois

Source: Ownwell

$1,498

$3,096

$4,694

Median Walshville Tax Bill

$2,466

Median Montgomery County Tax Bill

$2,523

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Walshville, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62091	$579	$1,038	$2,466	$3,646	$5,318

Source: Ownwell