Pleasant Hill, Illinois Property Taxes
The median property tax rate in Pleasant Hill, IL is 2.08%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value in Pleasant Hill of $64,230, the typical annual property tax bill reaches $1,259, which is below the national median of $2,690. Property taxes in Pleasant Hill are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pleasant Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pleasant Hill or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant Hill, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$1,336
$1,240
Ownwell’s Pleasant Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Hill to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pleasant Hill, Illinois
Property taxes in Pleasant Hill, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hill is 2.08%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Pleasant Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Hill estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pleasant Hill's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62366 has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Pleasant Hill provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hill Tax Rate
2.08%
Average Pike County Tax Rate
1.93%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hill, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62366 | 1.03% | 1.55% | 2.08% | 2.81% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hill, Illinois
In Pleasant Hill, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Pike County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Pleasant Hill, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pleasant Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 62366 at $1259, while the lowest is also 62366 at $1259.
Average Pleasant Hill Assessed Value
$64,230
Average Pike County Assessed Value
$72,180
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Hill, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62366 | $27,066 | $40,132 | $64,230 | $98,370 | $147,216 |
Source: Ownwell
Property Tax Bills Across Pleasant Hill, Illinois
In Pleasant Hill, located in Pike County, 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 Pleasant Hill is $64,230. The tax rate in this region is used to determine the annual property tax bill, which can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $701, while those in the 75th percentile might see a bill closer to $2,095. For the top 10% of homeowners, tax bills can reach up to $3,471. These numbers reflect how property taxes can impact homeowners differently depending on their property's assessed value. Factors such as local government budgets, school funding, and public services all play a role in determining the final tax rate. Comparatively, the national median property tax rate is 0.99%, making Pleasant Hill's property tax rates a significant consideration for current and prospective homeowners.
Average Pleasant Hill Tax Bill
$1,259
Average Pike County Tax Bill
$1,317
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hill, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62366 | $339 | $701 | $1,259 | $2,095 | $3,471 |
Source: Ownwell