Grantsburg, Pope County, Illinois Property Taxes

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

Median Grantsburg, IL effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Grantsburg, IL home value: $87,426
Median annual Grantsburg, IL tax bill: $997, $1,403 lower than the national median property tax bill of $2,400.

How are property taxes in Pope calculated?

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

Last Updated March 1, 2025

Grantsburg, Pope County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$1,215

$1,128

Ownwell’s Grantsburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grantsburg with just two data points. By entering your property's estimated assessed value, our calculator applies Grantsburg’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 Grantsburg, Pope 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 Grantsburg’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Grantsburg, 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 Grantsburg Taxx Rate

1.39%

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 Grantsburg, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62943	0.42%	1.18%	1.39%	1.93%	1.93%

Source: Ownwell

Property Tax Assessment Values Across Grantsburg, Pope County, Illinois

When examining property taxes in Grantsburg, 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 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. Assessment notices: 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 Grantsburg. For example, the median home price in Grantsburg is $87,426, with tax bills ranging significantly across the county. Zip code 62943 has the highest median home price at $87,426.

Property Tax Assessment Values Across Grantsburg, Pope County, Illinois

Source: Ownwell

$65,430

$86,805

$108,180

Median Grantsburg Market Value

$87,426

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 Grantsburg, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62943	$36,130	$54,285	$87,426	$117,513	$216,483

Source: Ownwell

Property Tax Bills Across Grantsburg, Pope County, Illinois

In Grantsburg, located in Pope County, IL, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in the area is $87,426, which is relatively affordable compared to national averages. However, property tax bills can vary significantly. For example, the 25th percentile tax bill is $643, while the 90th percentile reaches $3,310. This variation is due to factors such as property location, improvements, and local levies. Homeowners in Grantsburg face a median property tax bill of $997, which is below the national median of $2,400. This can be advantageous for homeowners, but there's still room for savings. Ownwell offers services to help homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing property data and identifying discrepancies, Ownwell can assist in reducing financial burdens, ensuring homeowners pay only their fair share. This service can lead to substantial savings, especially for those at the higher end of the tax bill spectrum.

Property Tax Bills Across Grantsburg, Pope County, Illinois

Source: Ownwell

$969

$1,267

$1,564

Median Grantsburg Tax Bill

$997

Median Pope County Tax Bill

$1,262

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Grantsburg, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62943	$518	$643	$997	$1,628	$3,310

Source: Ownwell