Baylis, Pike County, Illinois Property Taxes

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

Median Baylis, IL effective property tax rate: 2.10%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Baylis, IL home value: $61,950
Median annual Baylis, IL tax bill: $1,161, $1,239 lower than the national median property tax bill of $2,400.

How are property taxes in Pike calculated?

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

Last Updated March 1, 2025

Baylis, Pike County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.1%

Estimate Property Tax Bill

$1,301

$1,207

Ownwell’s Baylis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Baylis with just two data points. By entering your property's estimated assessed value, our calculator applies Baylis’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 Baylis, Pike County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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.

In Baylis, situated in Pike County, Illinois, the effective property tax rate is 2.10%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the region, making it both the highest and lowest in the area. Illinois itself is known for having one of the highest property tax rates in the country, which can significantly impact homeowners. When compared to the national median property tax bill of $2,400, residents in Baylis may find themselves paying more in property taxes. Understanding these rates is crucial for homeowners looking to manage their property tax expenses efficiently.

Property Tax Rates Across Baylis, 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 Baylis Taxx Rate

2.10%

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 Baylis, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62314	0.84%	1.47%	2.10%	2.30%	2.63%

Source: Ownwell

Property Tax Assessment Values Across Baylis, Pike County, Illinois

When examining property taxes in Baylis, 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 Assessor 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 Baylis.

For example, the median home price in Baylis is $61,950, with tax bills ranging significantly across the county. Zip code 62314 has the highest median home price at $61,950.

Property Tax Assessment Values Across Baylis, Pike County, Illinois

Source: Ownwell

$47,175

$66,885

$86,595

Median Baylis Market Value

$61,950

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 Baylis, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62314	$14,460	$33,510	$61,950	$119,100	$188,430

Source: Ownwell

Property Tax Bills Across Baylis, Pike County, Illinois

In Baylis, located in Pike 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 then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Baylis is $61,950, which influences the tax bill significantly. Homeowners in Baylis experience a range of tax bills, with the 25th percentile at $536 and the 75th percentile at $2,526, reflecting varying property values and tax rates within the area. The highest and lowest median tax bill in the 62314 zip code is $1,161, which is below the national median property tax bill of $2,400. This suggests that Baylis homeowners generally pay less than the national average. Ownwell can assist homeowners in Baylis by reviewing their property assessments and identifying potential discrepancies. By appealing inaccurate assessments, Ownwell can help reduce tax liabilities, ensuring homeowners pay only their fair share.

Property Tax Bills Across Baylis, Pike County, Illinois

Source: Ownwell

$834

$1,249

$1,663

Median Baylis Tax Bill

$1,161

Median Pike County Tax Bill

$1,317

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Baylis, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62314	$167	$536	$1,161	$2,526	$3,760

Source: Ownwell