Gays, Moultrie County, Illinois Property Taxes

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

Median Gays, IL effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Gays, IL home value: $78,885
Median annual Gays, IL tax bill: $1,281, $1,119 lower than the national median property tax bill of $2,400.

How are property taxes in Moultrie calculated?

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

Last Updated March 1, 2025

Gays, Moultrie County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.69%

Estimate Property Tax Bill

$1,333

$1,237

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

Property Tax Rates Across Gays, Moultrie County, Illinois

Local government entities set tax rates, which can vary widely within Illinois. Each county estimates its required budget annually to provide essential services, dividing 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, in a nutshell, this is the annual process.

In Gays, located in Moultrie County, the effective property tax rate is 1.69%, which is higher than the national median property tax rate of 1.02%. This rate reflects the local government's budgetary needs and the total assessed property values. When compared to other cities in Illinois, Gays' rate is consistent with the state's median, indicating a uniform approach to property taxation within the region.

Homeowners in Gays should be aware of these rates as they plan their finances, especially considering the national median property tax bill is $2,400. Understanding how local tax rates compare to state and national figures can help residents make informed decisions about property ownership and investment in the area.

Property Tax Rates Across Gays, Moultrie County, Illinois

Source: Ownwell

1.58%

1.94%

2.29%

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 Gays Tax Rate

1.69%

Median Effective Moultrie County Tax Rate

2.15%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gays, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61928	0.85%	1.28%	1.69%	1.98%	2.39%

Source: Ownwell

Property Tax Assessment Values Across Gays, Moultrie County, Illinois

When examining property taxes in Gays, 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 Moultrie 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 Moultrie 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 Gays.

For example, the median home price in Gays is $78,885, with tax bills ranging significantly across the county. Zip code 61928 has the highest median home price at $78,885.

Property Tax Assessment Values Across Gays, Moultrie County, Illinois

Source: Ownwell

$34,636

$96,488

$158,340

Median Gays Market Value

$78,885

Median Moultrie County Market Value

$97,648

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gays, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61928	$18,697	$44,208	$78,885	$122,686	$190,612

Source: Ownwell

Property Tax Bills Across Gays, Moultrie County, Illinois

In Gays, located in Moultrie County, Illinois, property tax bills are computed based on the assessed value of properties. The assessed value is a percentage of the market value, and local tax rates are applied to this assessed value to determine the tax bill. For homeowners in Gays, the median property tax bill is $1,281, which is notably lower than the national median of $2,400. This suggests that property taxes in Gays might be more affordable compared to other regions across the country. However, tax bills can vary significantly, with some homeowners paying as low as $623 and others facing bills as high as $4,393, depending on various factors such as property size and location. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local market insights and assessment data, Ownwell can help identify potential savings and ensure homeowners are not overpaying on their property tax bills, ultimately providing peace of mind and financial relief.

Property Tax Bills Across Gays, Moultrie County, Illinois

Source: Ownwell

$561

$2,347

$4,133

Median Gays Tax Bill

$1,281

Median Moultrie County Tax Bill

$2,121

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Gays, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61928	$244	$623	$1,281	$2,453	$4,393

Source: Ownwell