Chambersburg, Pike County, Illinois Property Taxes

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

Median Chambersburg, IL effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chambersburg, IL home value: $62,970
Median annual Chambersburg, IL tax bill: $1,295, $1,105 lower than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

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

Last Updated March 1, 2025

Chambersburg, Pike County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$1,461

$1,356

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

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county annually estimates its budget to provide essential services and divides this amount by the total value of all taxable property within its jurisdiction. This results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Chambersburg, located in Pike County, Illinois, the median property tax rate stands at 2.32%, which is notably higher than the national median property tax rate of 1.02%. This makes Chambersburg's property tax rate one of the highest in the state, as the same rate applies to other areas within the 62323 zip code. When compared to the national landscape, residents in Chambersburg face a significantly higher property tax burden. Understanding these rates is crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Chambersburg, 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 Chambersburg Taxx Rate

2.32%

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 Chambersburg, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62323	1.26%	1.88%	2.32%	2.63%	2.91%

Source: Ownwell

Property Tax Assessment Values Across Chambersburg, Pike County, Illinois

When examining property taxes in Chambersburg, 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 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 Chambersburg.

For example, the median home price in Chambersburg is $62,970, with tax bills ranging significantly across the county. Zip code 62323 has the highest median home price at $62,970.

Property Tax Assessment Values Across Chambersburg, Pike County, Illinois

Source: Ownwell

$47,175

$66,885

$86,595

Median Chambersburg Market Value

$62,970

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 Chambersburg, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62323	$13,014	$31,410	$62,970	$107,460	$157,866

Source: Ownwell

Property Tax Bills Across Chambersburg, Pike County, Illinois

In Chambersburg, located in Pike County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For many homeowners, the median tax bill is approximately $1,295, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $555 or as much as $3,687, depending on the assessed value and applicable exemptions.

Factors influencing the tax bill include property location, home improvements, and any applicable exemptions. High property taxes can strain homeowners, affecting disposable income and financial planning. This is where Ownwell's expertise becomes invaluable. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially reducing their tax burden. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and achieve significant savings on their property tax bills.

Property Tax Bills Across Chambersburg, Pike County, Illinois

Source: Ownwell

$834

$1,249

$1,663

Median Chambersburg Tax Bill

$1,295

Median Pike County Tax Bill

$1,317

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Chambersburg, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62323	$202	$555	$1,295	$2,506	$3,687

Source: Ownwell