Granville, Putnam County, Illinois Property Taxes

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

Median Granville, IL effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Granville, IL home value: $149,868
Median annual Granville, IL tax bill: $3,931, $1,531 higher than the national median property tax bill of $2,400.

How are property taxes in Putnam County calculated?

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

Last Updated March 1, 2025

Granville, Putnam County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$3,672

$3,407

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

Property Tax Rates Across Granville, Putnam County, Illinois

Local government entities determine tax rates, leading to significant variations within a state. This is because each county annually estimates its required budget to provide services and divides that by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.

In Granville, located in Putnam County, Illinois, the effective property tax rate stands at 2.45%. This rate is notably higher than the national median property tax rate of 1.02%. The median property tax bill in Granville reflects this higher rate, often exceeding the national median of $2,400. When compared to other cities in Illinois, Granville's property tax rate is among the highest in the state, underscoring the importance for property owners to explore potential tax appeal and exemption opportunities. Understanding these dynamics can help property owners in Granville make informed decisions and potentially reduce their tax burden.

Property Tax Rates Across Granville, Putnam County, Illinois

Source: Ownwell

2.25%

2.43%

2.61%

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 Granville Tax Rate

2.45%

Median Effective Putnam County Tax Rate

2.42%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Granville, Putnam County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61326	2.01%	2.28%	2.45%	2.65%	2.75%

Source: Ownwell

Property Tax Assessment Values Across Granville, Putnam County, Illinois

When examining property taxes in Granville, 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 Putnam 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 Putnam 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 Granville. For example, the median home price in Granville is $149,868, with tax bills ranging significantly across the county. ZIP code 61326 has the highest median home price at $149,868.

Property Tax Assessment Values Across Granville, Putnam County, Illinois

Source: Ownwell

$63,051

$113,030

$163,008

Median Granville Market Value

$149,868

Median Putnam County Market Value

$129,800

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Granville, Putnam County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61326	$45,361	$78,812	$149,868	$234,350	$355,589

Source: Ownwell

Property Tax Bills Across Granville, Putnam County, Illinois

In Granville, located in Putnam County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the home's market value. Homeowners in Granville experience property tax bills that vary significantly, with the 25th percentile at $2,208 and the 75th percentile reaching $6,194. This variance can be attributed to differences in property values and local tax rates. The median property tax bill in the area stands at $3,931, which is notably higher than the national median of $2,400. High property taxes can place a significant financial burden on homeowners, potentially affecting their overall financial stability. Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By analyzing property assessments and market conditions, Ownwell identifies opportunities for reductions in assessed values, helping homeowners lower their tax bills. This service can lead to substantial savings, easing the financial pressure associated with high property taxes.

Property Tax Bills Across Granville, Putnam County, Illinois

Source: Ownwell

$1,976

$2,955

$3,933

Median Granville Tax Bill

$3,931

Median Putnam County Tax Bill

$3,342

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Granville, Putnam County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61326	$1,311	$2,208	$3,931	$6,194	$9,438

Source: Ownwell