Barry, Pike County, Illinois Property Taxes

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

Median Barry, IL effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Barry, IL home value: $71,130
Median annual Barry, IL tax bill: $1,394, $1,006 lower than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

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

Last Updated March 1, 2025

Barry, Pike County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.05%

Estimate Property Tax Bill

$1,458

$1,353

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

Property Tax Rates Across Barry, Pike County, Illinois

Local government entities determine property tax rates, which can differ significantly within a state. This is because each county calculates its necessary budget for services annually and divides it by the total assessed value of all taxable property within its area. This method establishes the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is essentially the yearly procedure.

In Barry, located in Pike County, Illinois, the effective property tax rate stands out compared to other cities in the state. The median tax rate in Barry is 2.05%, which is notably higher than the national median property tax rate of 1.02%. This higher rate reflects the county's budgetary needs and the total value of assessed properties. Property owners in Barry face a significant tax burden, with their rate exceeding the national average, indicating that property taxes are a substantial consideration for residents. Comparing Barry's rate with the state and national medians highlights the importance of understanding local property tax dynamics and the potential benefits of seeking professional property tax appeal services.

Property Tax Rates Across Barry, Pike County, Illinois

Source: Ownwell

1.79%

2.06%

2.32%

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 Barry Taxx Rate

2.05%

Median Effective Pike County Taxx Rate

1.93%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Barry, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62312	0.98%	1.61%	2.05%	2.43%	2.75%

Source: Ownwell

Property Tax Assessment Values Across Barry, Pike County, Illinois

When examining property taxes in Barry, 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 Pike 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 Pike 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 Barry.

For example, the median home price in Barry is $71,130, with tax bills ranging significantly across the county. Zip code 62312 has the highest median home price at $71,130.

Property Tax Assessment Values Across Barry, Pike County, Illinois

Source: Ownwell

$47,175

$66,885

$86,595

Median Barry Market Value

$71,130

Median Pike County Market Value

$72,180

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Barry, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62312	$28,020	$47,445	$71,130	$116,790	$178,977

Source: Ownwell

Property Tax Bills Across Barry, Pike County, Illinois

In Barry, located in Pike County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Barry is $71,130, and homeowners face a median property tax bill of $1,394. This is above the national median of $2,400, highlighting the impact on local homeowners. The tax bill can vary significantly, with the 25th percentile at $749 and the 90th percentile reaching as high as $4,092. Factors influencing these variations include property size, location, and any applicable exemptions. High property taxes can strain homeowners, making it essential to explore potential savings. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell helps identify discrepancies that could lower your tax bill. With professional guidance, homeowners in Barry can potentially reduce their financial burden and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Barry, Pike County, Illinois

Source: Ownwell

$834

$1,249

$1,663

Median Barry Tax Bill

$1,394

Median Pike County Tax Bill

$1,317

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Barry, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62312	$335	$749	$1,394	$2,535	$4,092

Source: Ownwell