Percy, Perry County, Illinois Property Taxes

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

Median Percy, IL effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Percy, IL home value: $104,400
Median annual Percy, IL tax bill: $1,708, $692 lower than the national median property tax bill of $2,400.

How are property taxes in Perry calculated?

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

Last Updated March 1, 2025

Percy, Perry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$1,890

$1,754

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

Property Tax Rates Across Percy, Perry County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county annually estimating its required budget to provide services and 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. Below, you can compare Percy’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Percy, located in Perry County, the property tax rate is notably higher than the national median of 1.02%. This places a significant financial burden on property owners when compared to the national median property tax bill of $2400. Such differences highlight the importance of understanding local tax assessments and seeking professional assistance to potentially lower these costs through appeals or exemptions. By staying informed and proactive, property owners in Percy can better manage their tax liabilities and ensure they are not overpaying on their property taxes.

Property Tax Rates Across Percy, Perry County, Illinois

Source: Ownwell

1.53%

1.73%

1.94%

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 Percy Taxx Rate

1.81%

Median Effective Perry County Taxx Rate

1.89%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Percy, Perry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62272	0.96%	1.39%	1.81%	1.97%	2.28%

Source: Ownwell

Property Tax Assessment Values Across Percy, Perry County, Illinois

When examining property taxes in Percy, 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 Perry 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 Perry 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 Percy.

For example, the median home price in Percy is $104,400, with tax bills ranging significantly across the county. Zip code 62272 has the highest median home price at $104,400.

Property Tax Assessment Values Across Percy, Perry County, Illinois

Source: Ownwell

$46,304

$83,846

$121,388

Median Percy Market Value

$104,400

Median Perry County Market Value

$82,294

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Percy, Perry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62272	$33,082	$65,007	$104,400	$148,344	$176,068

Source: Ownwell

Property Tax Bills Across Percy, Perry County, Illinois

In Percy, located in Perry County, IL, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value. For Percy, the median home price stands at $104,400. Property tax bills can vary significantly, with the 25th percentile at $870 and the 75th percentile reaching $2,954. The highest median tax bill recorded in the area is $1,708, which is notably below the national median property tax bill of $2,400. These variations can impact homeowners by affecting their annual financial planning and overall housing costs. Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify potential savings and effectively navigate the complexities of the property tax system. This can lead to significant savings, ensuring that homeowners pay only what is fair and just for their property taxes.

Property Tax Bills Across Percy, Perry County, Illinois

Source: Ownwell

$780

$1,534

$2,287

Median Percy Tax Bill

$1,708

Median Perry County Tax Bill

$1,554

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Percy, Perry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62272	$370	$870	$1,708	$2,954	$3,572

Source: Ownwell