Pearl, Pike County, Illinois Property Taxes

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

Median Pearl, 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 Pearl, IL home value: $53,580
Median annual Pearl, IL tax bill: $870, $1,530 lower than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

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

Last Updated March 1, 2025

Pearl, 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

$1,125

$1,044

Ownwell’s Pearl Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pearl with just two data points.

By entering your property's estimated assessed value, our calculator applies Pearl’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 Pearl, Pike 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 Pearl’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Pearl, located in Pike County, has a median property tax rate of 2.10%, which is notably higher than the national median property tax rate of 1.02%. This stark difference highlights the importance of understanding your local tax obligations. For property owners in Pearl, this means higher property tax bills compared to the national average. Understanding these rates can be crucial for budgeting and financial planning. By staying informed, property owners can better navigate their financial responsibilities and explore potential opportunities for tax appeals or exemptions.

Property Tax Rates Across Pearl, 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 Pearl Tax Rate

2.10%

Median Effective Pike County Tax Rate

1.93%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pearl, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62361	0.72%	1.46%	2.10%	2.21%	2.61%

Source: Ownwell

Property Tax Assessment Values Across Pearl, Pike County, Illinois

When examining property taxes in Pearl, 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 April. 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 Pearl. For example, the median home price in Pearl is $53,580, with tax bills ranging significantly across the county. 62361 has the highest median home price at $53,580.

Property Tax Assessment Values Across Pearl, Pike County, Illinois

Source: Ownwell

$47,175

$66,885

$86,595

Median Pearl Market Value

$53,580

Median Pike County Market Value

$72,180

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pearl, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62361	$16,101	$27,705	$53,580	$101,512	$147,510

Source: Ownwell

Property Tax Bills Across Pearl, Pike County, Illinois

In Pearl, located in Pike County, IL, property tax bills are calculated based on the assessed value of a home, typically a percentage of the market value. With a median home price of $53,580, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $427, while the 75th percentile reaches $1,887. At the 90th percentile, homeowners might see a tax bill as high as $2,896. Compared to the national median property tax bill of $2,400, Pearl's property taxes can be both lower and higher depending on the specific valuation percentile. These tax bills impact homeowners by influencing their annual housing costs, making it crucial to ensure they are not overpaying.

Ownwell assists homeowners in Pearl by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can potentially lower tax obligations, ensuring that homeowners only pay their fair share. This not only helps in reducing annual expenses but also offers peace of mind knowing that property taxes are accurately assessed.

Property Tax Bills Across Pearl, Pike County, Illinois

Source: Ownwell

$834

$1,249

$1,663

Median Pearl Tax Bill

$870

Median Pike County Tax Bill

$1,317

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Pearl, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62361	$157	$427	$870	$1,887	$2,896

Source: Ownwell