Piatt County, Illinois Property Taxes

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

Median Piatt County effective property tax rate: 2.43%, significantly higher than the national median of 1.02%. Median Piatt County home value: $166,770. Median annual Piatt County tax bill: $4,197, $1,797 higher than the national median property tax bill of $2,400.

How are property taxes in Piatt County calculated?

Property taxes in Piatt County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Monticello or another part of Piatt County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Piatt County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$4,053

$3,761

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

Property Tax Rates Across Piatt County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Piatt County's effective property tax rate to other counties in Illinois or the U.S. median property tax rate. Piatt County has a median property tax rate of 2.43%, which is significantly higher than the national median rate of 1.02%. Within Illinois, Piatt County's rate is situated between the highest rate of 3.20% in Farmer City and the lowest rate of 2.22% in Monticello. This comparison highlights the variation in property tax rates across different regions, emphasizing the importance of understanding local tax policies. For homeowners, these differences can translate into substantial variations in annual tax bills, impacting overall housing affordability and financial planning.

Property Tax Rates Across Piatt County, Illinois

Source: Ownwell

2.22%

2.71%

3.20%

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 Piatt County Tax Rate

2.43%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Piatt County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Atwood	2.12%	2.36%	2.59%	2.91%	2.93%
Bement	2.55%	2.73%	2.96%	3.10%	3.29%
Cerro Gordo	2.26%	2.59%	2.77%	2.83%	2.87%
Cisco	1.89%	2.25%	2.45%	2.60%	2.72%
De Land	2.41%	2.54%	2.80%	2.93%	3.21%
Farmer City	2.37%	2.74%	3.20%	3.27%	3.28%
Hammond	2.36%	2.67%	2.85%	2.93%	3.06%
Mansfield	2.29%	2.73%	2.94%	3.05%	3.26%
Monticello	1.77%	2.03%	2.22%	2.29%	2.52%
Ivesdale	N/A	N/A	N/A	N/A	N/A
La Place	N/A	N/A	N/A	N/A	N/A
Lovington	N/A	N/A	N/A	N/A	N/A
Mahomet	N/A	N/A	N/A	N/A	N/A
Milmine	N/A	N/A	N/A	N/A	N/A
Pierson Station	N/A	N/A	N/A	N/A	N/A
Seymour	N/A	N/A	N/A	N/A	N/A
Weldon	N/A	N/A	N/A	N/A	N/A
White Heath	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Piatt County, Illinois

When examining property taxes in Piatt County, 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 Piatt County Supervisor of Assessments 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 Piatt 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 Piatt County. For example, the median tax bill in Piatt County is $5,091, with tax bills ranging significantly across the county. De Land has the highest median home price at $305,199.

Property Tax Assessment Values Across Piatt County, Illinois

Source: Ownwell

$123,234

$214,217

$305,199

Median Piatt County Market Value

$166,770

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Piatt County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Atwood	$24,072	$68,400	$123,234	$218,380	$239,766
Bement	$44,940	$80,329	$185,864	$319,799	$436,211
Cerro Gordo	$18,008	$76,554	$197,136	$321,167	$565,989
Cisco	$58,483	$87,397	$149,090	$231,098	$449,761
De Land	$98,217	$169,130	$305,199	$417,662	$677,667
Farmer City	$19,855	$132,846	$185,325	$389,829	$855,966
Hammond	$50,168	$134,384	$178,656	$284,265	$424,033
Mansfield	$71,324	$116,852	$218,505	$340,216	$444,788
Monticello	$50,185	$103,464	$150,564	$231,904	$419,177
Ivesdale	N/A	N/A	N/A	N/A	N/A
La Place	N/A	N/A	N/A	N/A	N/A
Lovington	N/A	N/A	N/A	N/A	N/A
Mahomet	N/A	N/A	N/A	N/A	N/A
Milmine	N/A	N/A	N/A	N/A	N/A
Pierson Station	N/A	N/A	N/A	N/A	N/A
Seymour	N/A	N/A	N/A	N/A	N/A
Weldon	N/A	N/A	N/A	N/A	N/A
White Heath	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Piatt County, Illinois

In Piatt County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is typically a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Piatt County can expect their property tax bills to vary significantly depending on their home's value and location within the county. For instance, the median home price is $166,770, and the tax bill can range from the 25th percentile at $2,569 to the 75th percentile at $7,613, with the 90th percentile reaching $12,402. These figures highlight the variability in tax bills, which can be influenced by factors such as local government budgets and public service needs. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Piatt County's tax burden can be considerably higher, impacting homeowners' overall cost of living.

Property Tax Bills Across Piatt County, Illinois

Source: Ownwell

$3,412

$6,110

$8,807

Median Piatt County Tax Bill

$4,197

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Piatt County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Atwood	$872	$2,078	$3,420	$5,322	$6,539
Bement	$1,709	$2,860	$5,530	$9,465	$14,139
Cerro Gordo	$1,840	$3,402	$5,799	$8,459	$15,191
Cisco	$1,520	$1,807	$4,013	$5,965	$11,530
De Land	$2,941	$4,237	$8,807	$13,711	$18,867
Farmer City	$2,896	$3,943	$6,510	$12,768	$27,409
Hammond	$1,257	$3,567	$5,297	$8,553	$11,811
Mansfield	$2,258	$3,349	$6,725	$9,720	$13,146
Monticello	$1,590	$2,391	$3,412	$6,056	$10,308
Ivesdale	N/A	N/A	N/A	N/A	N/A
La Place	N/A	N/A	N/A	N/A	N/A
Lovington	N/A	N/A	N/A	N/A	N/A
Mahomet	N/A	N/A	N/A	N/A	N/A
Milmine	N/A	N/A	N/A	N/A	N/A
Pierson Station	N/A	N/A	N/A	N/A	N/A
Seymour	N/A	N/A	N/A	N/A	N/A
Weldon	N/A	N/A	N/A	N/A	N/A
White Heath	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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