Eddyville, Pope County, Illinois Property Taxes

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

Median EDDYVILLE, IL effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median EDDYVILLE, IL home value: $89,468
Median annual EDDYVILLE, IL tax bill: $1,463, $937 lower than the national median property tax bill of $2,400.

How are property taxes in Pope County calculated?

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

Last Updated March 1, 2025

Eddyville, Pope County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.67%

Estimate Property Tax Bill

$1,494

$1,386

Ownwell’s Eddyville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eddyville with just two data points. By entering your property's estimated assessed value, our calculator applies Eddyville’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 Pope County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eddyville, Pope County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget annually to provide essential services and dividing 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 Eddyville’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. The median property tax rate in Illinois is notably higher than the national median. Eddyville, located in Pope County, reflects this trend, with its effective property tax rate aligning with the state’s median. This means homeowners in Eddyville could be paying more compared to the national average. Understanding these differences is crucial for homeowners considering property tax appeals or exemptions. Knowing where your property tax rate stands can empower you to make informed decisions about potential savings and financial planning.

Property Tax Rates Across Eddyville, Pope County, Illinois

Source: Ownwell

1.39%

1.66%

1.93%

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 Eddyville Taxx Rate

1.67%

Median Effective Pope County Taxx Rate

1.65%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Eddyville, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62928	1.20%	1.38%	1.67%	1.92%	2.06%

Source: Ownwell

Property Tax Assessment Values Across Eddyville, Pope County, Illinois

When examining property taxes in Eddyville, 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 Pope 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 Pope 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 Eddyville. For example, the median home price in Eddyville is $89,468, with tax bills ranging significantly across the county. The zip code 62928 has the highest median home price at $89,468.

Property Tax Assessment Values Across Eddyville, Pope County, Illinois

Source: Ownwell

$65,430

$86,805

$108,180

Median Eddyville Market Value

$89,468

Median Pope County Market Value

$84,555

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Eddyville, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62928	$16,789	$64,388	$89,468	$141,800	$184,713

Source: Ownwell

Property Tax Bills Across Eddyville, Pope County, Illinois

In Eddyville, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value, often a percentage of the market value, is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Eddyville, the median property tax bill is $1,463, which is below the national median of $2,400. However, tax bills can vary significantly, with amounts ranging from $587 at the 25th percentile to $3,448 at the 90th percentile. These variations depend on factors such as property size, location, and any applicable exemptions or deductions. High property taxes can place a financial burden on homeowners, making it essential to ensure that assessments are accurate and fair. Ownwell offers services that help homeowners appeal their property tax assessments, potentially lowering their tax bills. By leveraging expert knowledge and local insights, Ownwell can assist homeowners in navigating the complexities of property tax appeals, ultimately leading to potential savings.

Property Tax Bills Across Eddyville, Pope County, Illinois

Source: Ownwell

$969

$1,267

$1,564

Median Eddyville Tax Bill

$1,463

Median Pope County Tax Bill

$1,262

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Eddyville, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62928	$228	$587	$1,463	$2,186	$3,448

Source: Ownwell