Pike County Property Taxes
The median property tax rate in Pike County is 1.93%, which is nearly double the national median of 0.99% but lower than Illinois' state median of 2.35%. With a median home value of $72,180 in Pike County, the typical annual property tax bill amounts to $1,317, significantly below the national median of $2,690. Property taxes in Pike County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, including those for primary residences and agricultural properties. Understanding Pike County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Pittsfield or another part of Pike County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Pike County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pike County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pike County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pike County, Illinois
Property taxes in Pike County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pike County is 1.93%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Pike County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pike County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Chambersburg has one of the higher property tax rates in Illinois at 2.32%, while the city of Mount Sterling boasts one of the lowest at 1.21%. Analyzing how Pike County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pike County Tax Rate
1.93%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barry | 0.98% | 1.61% | 2.05% | 2.43% | 2.75% |
| Baylis | 0.84% | 1.47% | 2.10% | 2.30% | 2.63% |
| Chambersburg | 1.26% | 1.88% | 2.32% | 2.63% | 2.91% |
| Griggsville | 1.29% | 1.77% | 2.30% | 2.67% | 3.13% |
| Hull | 0.87% | 1.42% | 1.93% | 2.48% | 2.58% |
| Kinderhook | 0.77% | 1.28% | 1.87% | 2.47% | 2.55% |
| Milton | 1.16% | 1.53% | 1.92% | 2.64% | 2.65% |
| Mount Sterling | 0.31% | 0.65% | 1.21% | 1.77% | 2.11% |
| Nebo | 0.66% | 1.24% | 1.79% | 2.15% | 2.86% |
| New Canton | 0.99% | 1.49% | 2.09% | 2.47% | 2.67% |
| New Salem | 0.68% | 1.27% | 1.86% | 2.23% | 2.24% |
| Pearl | 0.72% | 1.46% | 2.10% | 2.21% | 2.61% |
| Perry | 0.83% | 1.39% | 2.03% | 2.83% | 2.83% |
| Pittsfield | 1.02% | 1.45% | 1.79% | 2.05% | 2.25% |
| Pleasant Hill | 1.03% | 1.55% | 2.08% | 2.81% | 2.98% |
| Rockport | 0.82% | 1.32% | 1.99% | 2.25% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Pike County, Illinois
In Pike County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pike County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Pike County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Pike County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Mount Sterling has the highest median tax bill at $1,899, while Nebo has the lowest at $834.
Average Pike County Assessed Value
$72,180
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barry | $28,020 | $47,445 | $71,130 | $116,790 | $178,977 |
| Baylis | $14,460 | $33,510 | $61,950 | $119,100 | $188,430 |
| Chambersburg | $13,014 | $31,410 | $62,970 | $107,460 | $157,866 |
| Griggsville | $24,750 | $44,190 | $74,700 | $119,820 | $192,144 |
| Hull | $22,302 | $36,675 | $55,680 | $87,210 | $146,292 |
| Kinderhook | $21,585 | $41,572 | $66,810 | $101,918 | $167,385 |
| Milton | $23,406 | $39,022 | $56,340 | $76,702 | $93,300 |
| Mount Sterling | $67,029 | $82,658 | $108,705 | $134,752 | $150,381 |
| Nebo | $19,002 | $30,960 | $52,560 | $95,880 | $149,142 |
| New Canton | $13,158 | $29,370 | $54,000 | $83,115 | $137,643 |
| New Salem | $22,752 | $40,500 | $68,520 | $116,550 | $212,148 |
| Pearl | $16,101 | $27,705 | $53,580 | $101,512 | $147,510 |
| Perry | $14,430 | $28,050 | $47,175 | $73,598 | $93,582 |
| Pittsfield | $37,920 | $58,425 | $86,595 | $131,310 | $200,502 |
| Pleasant Hill | $27,066 | $40,132 | $64,230 | $98,370 | $147,216 |
| Rockport | $21,078 | $35,790 | $63,690 | $112,590 | $173,568 |
Source: Ownwell
Property Tax Bills Across Pike County, Illinois
In Pike County, IL, property tax bills are primarily calculated based on the assessed value of a home, which is typically a percentage of its market value. The county's tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the assessed value, including the home's location, size, and condition. For instance, the median home price in Pike County is $72,180. Homeowners in Pike County experience a range of property tax bills. The 25th percentile tax bill is $698, while the 75th percentile reaches $2,311, and the 90th percentile can be as high as $3,785. Notably, Mount Sterling has the highest median tax bill at $1,899, whereas Nebo has the lowest at $834. Compared to the national median property tax rate of 0.99%, Pike County's rates can vary significantly, impacting homeowners differently based on their property's assessed value and location within the county. This variability underscores the importance of understanding local property tax calculations and their potential financial implications.
Average Pike County Tax Bill
$1,317
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Pike County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barry | $335 | $749 | $1,394 | $2,535 | $4,092 |
| Baylis | $167 | $536 | $1,161 | $2,526 | $3,760 |
| Chambersburg | $202 | $555 | $1,295 | $2,506 | $3,687 |
| Griggsville | $339 | $910 | $1,663 | $2,863 | $4,550 |
| Hull | $235 | $552 | $1,027 | $1,788 | $3,460 |
| Kinderhook | $250 | $520 | $1,169 | $2,028 | $3,734 |
| Milton | $348 | $624 | $997 | $1,584 | $1,996 |
| Mount Sterling | $417 | $973 | $1,899 | $2,826 | $3,382 |
| Nebo | $203 | $396 | $834 | $2,003 | $3,074 |
| New Canton | $265 | $449 | $1,022 | $1,784 | $2,920 |
| New Salem | $299 | $530 | $1,277 | $2,374 | $4,073 |
| Pearl | $157 | $427 | $870 | $1,887 | $2,896 |
| Perry | $210 | $407 | $857 | $1,440 | $1,974 |
| Pittsfield | $499 | $867 | $1,430 | $2,423 | $3,802 |
| Pleasant Hill | $339 | $701 | $1,259 | $2,095 | $3,471 |
| Rockport | $268 | $536 | $1,087 | $2,187 | $3,936 |
Source: Ownwell