Simpson, Pope County, Illinois Property Taxes

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

Median Simpson, 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 Simpson, IL home value: $97,659
Median annual Simpson, IL tax bill: $1,515, $885 lower than the national median property tax bill of $2,400.

How are property taxes in Pope County calculated?

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

Last Updated March 1, 2025

Simpson, 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

$1,631

$1,513

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

Local government entities set tax rates, which can vary widely within a state. This is primarily because each county annually estimates its required budget to provide essential 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.

Simpson, located in Pope County, Illinois, has an effective property tax rate that is noticeably higher than the national median of 1.02%. At 1.67%, it stands out both within the state and nationally. This rate reflects the local government's budgetary needs and the total assessed property value in the area. When comparing Simpson's property tax rate to other cities in Illinois and the national median, it's clear that property owners in Simpson face a relatively higher tax burden. This underscores the importance of understanding local tax rates and how they can impact property owners financially.

Property Tax Rates Across Simpson, 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 Simpson 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 Simpson, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62985	1.12%	1.43%	1.67%	1.93%	1.93%

Source: Ownwell

Property Tax Assessment Values Across Simpson, Pope County, Illinois

When examining property taxes in Simpson, 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 Simpson. For example, the median home price in Simpson is $97,659, with tax bills ranging significantly across the county. Zip code 62985 has the highest median home price at $97,659.

Property Tax Assessment Values Across Simpson, Pope County, Illinois

Source: Ownwell

$65,430

$86,805

$108,180

Median Simpson Market Value

$97,659

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 Simpson, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62985	$37,855	$60,186	$97,659	$155,940	$215,940

Source: Ownwell

Property Tax Bills Across Simpson, Pope County, Illinois

In Simpson, located in Pope County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as location, home size, and market conditions can influence both the assessed value and the tax rate. For homeowners, this means that changes in any of these factors can lead to fluctuations in their property tax bills. In Simpson, the median home price is $97,659, and the property tax bill can range significantly, with the 25th percentile at $912 and the 75th percentile at $2,413. This variability highlights the importance of ensuring your property is accurately assessed. Ownwell offers services to help homeowners in Simpson potentially reduce their property tax bills by appealing assessments and securing exemptions. By leveraging expertise in local tax regulations, Ownwell aims to provide savings and ensure fair property tax evaluations for homeowners.

Property Tax Bills Across Simpson, Pope County, Illinois

Source: Ownwell

$969

$1,267

$1,564

Median Simpson Tax Bill

$1,515

Median Pope County Tax Bill

$1,262

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Simpson, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62985	$432	$912	$1,515	$2,413	$3,707

Source: Ownwell