Stonefort, Pope County, Illinois Property Taxes

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

Median Stonefort, IL effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Stonefort, IL home value: $108,180
Median annual Stonefort, IL tax bill: $1,564, $836 lower than the national median property tax bill of $2,400.

How are property taxes in Pope County calculated?

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

Last Updated March 1, 2025

Stonefort, Pope County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$1,742

$1,616

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

Local government entities determine tax rates, which can significantly differ within a state. Each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

Compare Stonefort’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Stonefort, located in Pope County, has a property tax rate of 1.61%, which is above the national median of 1.02%. This rate reflects the county's budgetary requirements and the assessed value of properties. Understanding these rates can help property owners anticipate their annual tax bills and consider potential savings through appeals or exemptions. With the national median property tax bill at $2,400, Stonefort property owners might find their bills higher due to the elevated tax rate. Comparing these figures can provide valuable insights into local tax burdens and opportunities for savings.

Property Tax Rates Across Stonefort, 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 Stonefort Taxx Rate

1.61%

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 Stonefort, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62987	0.96%	1.27%	1.61%	1.92%	1.94%

Source: Ownwell

Property Tax Assessment Values Across Stonefort, Pope County, Illinois

When examining property taxes in Stonefort, 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 April. 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 Stonefort.

For example, the median home price in Stonefort is $108,180, with tax bills ranging significantly across the county. Zip code 62987 has the highest median home price at $108,180.

Property Tax Assessment Values Across Stonefort, Pope County, Illinois

Source: Ownwell

$65,430

$86,805

$108,180

Median Stonefort Market Value

$108,180

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 Stonefort, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62987	$35,987	$54,866	$108,180	$156,446	$196,305

Source: Ownwell

Property Tax Bills Across Stonefort, Pope County, Illinois

In Stonefort, located in Pope County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $108,180, homeowners in Stonefort face varying tax bills, with the 25th percentile at $859 and the 75th percentile at $2,486. Notably, the 90th percentile reaches up to $3,233, reflecting the potential burden on some homeowners. These figures are influenced by factors like local government budgets and community needs, impacting homeowners' financial planning. Compared to the national median property tax rate of 1.02%, Stonefort's rates can be particularly significant for its residents. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities. By ensuring accurate assessments and identifying eligible exemptions, Ownwell assists homeowners in alleviating their property tax burden, making homeownership more affordable.

Property Tax Bills Across Stonefort, Pope County, Illinois

Source: Ownwell

$969

$1,267

$1,564

Median Stonefort Tax Bill

$1,564

Median Pope County Tax Bill

$1,262

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Stonefort, Pope County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62987	$408	$859	$1,564	$2,486	$3,233

Source: Ownwell