Sullivan, Moultrie County, Illinois Property Taxes

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

Median SULLIVAN, IL effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median SULLIVAN, IL home value: $111,266
Median annual SULLIVAN, IL tax bill: $2,548, $148 higher than the national median property tax bill of $2,400.

How are property taxes in Moultrie calculated?

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

Last Updated March 1, 2025

Sullivan, Moultrie County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.27%

Estimate Property Tax Bill

$2,526

$2,344

Ownwell’s Sullivan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sullivan with just two data points.

By entering your property's estimated assessed value, our calculator applies Sullivan’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 Moultrie County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sullivan, Moultrie County, Illinois

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? 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. 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. Below, you can compare Sullivan’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Sullivan, located in Moultrie County, has a median property tax rate of 2.27%, which is significantly higher than the national median of 1.02%. This rate is also the highest in the state, matching the rate found in the zip code 61951. The median property tax bill here could be considerably higher than the national median of $2,400. Such a rate reflects the local government's budgetary needs and the value of properties in the area. Understanding these rates can help property owners in Sullivan make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Sullivan, 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 Sullivan Tax Rate

2.27%

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 Sullivan, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61951	1.50%	1.96%	2.27%	2.55%	3.07%

Source: Ownwell

Property Tax Assessment Values Across Sullivan, Moultrie County, Illinois

When examining property taxes in Sullivan, 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 Moultrie 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 Moultrie 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 Sullivan.

For example, the median home price in Sullivan is $111,266, with tax bills ranging significantly across the county. The 61951 zip code has the highest median home price at $111,266.

Property Tax Assessment Values Across Sullivan, Moultrie County, Illinois

Source: Ownwell

$34,636

$96,488

$158,340

Median Sullivan Market Value

$111,266

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 Sullivan, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61951	$46,930	$74,161	$111,266	$164,957	$229,130

Source: Ownwell

Property Tax Bills Across Sullivan, Moultrie County, Illinois

In Sullivan, located in Moultrie County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price is $111,266, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local tax rates and exemptions play a crucial role in the final amount. Homeowners in Sullivan experience varying tax bills, with the 25th percentile at $1,608 and the 75th percentile reaching $3,789. The national median property tax bill is $2,400, highlighting Sullivan's diverse range of tax burdens. The highest and lowest median tax bills in the area are both $2,548, indicating consistency within the 61951 zip code. Ownwell can assist homeowners by identifying potential savings through appeals and exemptions, ensuring they are not overpaying. By leveraging professional expertise, Ownwell helps homeowners navigate the complexities of property taxes, potentially reducing their financial burden.

Property Tax Bills Across Sullivan, Moultrie County, Illinois

Source: Ownwell

$561

$2,347

$4,133

Median Sullivan Tax Bill

$2,548

Median Moultrie County Tax Bill

$2,121

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Sullivan, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61951	$852	$1,608	$2,548	$3,789	$5,502

Source: Ownwell