Pittsfield, Pike County, Illinois Property Taxes

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

Median Pittsfield, IL effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Pittsfield, IL home value: $86,595
Median annual Pittsfield, IL tax bill: $1,430, $970 lower than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

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

Last Updated March 1, 2025

Pittsfield, Pike County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.79%

Estimate Property Tax Bill

$1,550

$1,438

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

Pittsfield in Pike County, IL, has an effective property tax rate of 1.79%, which is significantly higher than the national median of 1.02%. This rate is consistent across the region, making it both the highest and lowest in its zip code. The median property tax rate in Illinois is also 1.79%, indicating that Pittsfield aligns with the state average. However, when compared to the national median property tax bill of $2400, residents in Pittsfield may find their tax bills higher due to the elevated rate. Understanding these rates can help property owners in Pittsfield make informed decisions about their property investments and tax obligations.

Property Tax Rates Across Pittsfield, 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 Pittsfield Tax Rate

1.79%

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 Pittsfield, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62363	1.02%	1.45%	1.79%	2.05%	2.25%

Source: Ownwell

Property Tax Assessment Values Across Pittsfield, Pike County, Illinois

When examining property taxes in Pittsfield, 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 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. Assessment notices: 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 Pittsfield. For example, the median home price in Pittsfield is $86,595, with tax bills ranging significantly across the county. 62363 has the highest median home price at $86,595.

Property Tax Assessment Values Across Pittsfield, Pike County, Illinois

Source: Ownwell

$47,175

$66,885

$86,595

Median Pittsfield Market Value

$86,595

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 Pittsfield, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62363	$37,920	$58,425	$86,595	$131,310	$200,502

Source: Ownwell

Property Tax Bills Across Pittsfield, Pike County, Illinois

In Pittsfield, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $86,595, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets and school district funding needs can influence the rate. Homeowners in Pittsfield face a median property tax bill of $1,430, which is below the national median of $2,400, providing some relief compared to other regions. However, the burden can still be significant, with 75% of homeowners paying up to $2,423 and the top 10% reaching $3,802. Ownwell offers valuable assistance by reviewing property assessments and identifying potential discrepancies, ensuring homeowners are not overpaying. By appealing incorrect assessments, Ownwell can help reduce tax bills, providing financial relief and peace of mind to homeowners in Pittsfield.

Property Tax Bills Across Pittsfield, Pike County, Illinois

Source: Ownwell

$834

$1,249

$1,663

Median Pittsfield Tax Bill

$1,430

Median Pike County Tax Bill

$1,317

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Pittsfield, Pike County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62363	$499	$867	$1,430	$2,423	$3,802

Source: Ownwell