Mc Nabb, Putnam County, Illinois Property Taxes

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

Median MC NABB, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median MC NABB, IL home value: $163,008. Median annual MC NABB, IL tax bill: $3,933, $1,533 higher than the national median property tax bill of $2,400.

How are property taxes in Putnam calculated?

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

Last Updated March 1, 2025

Mc Nabb, Putnam County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$3,945

$3,661

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

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 MC NABB’s effective property tax rate to other cities in IL and the median property tax rates in IL and the U.S.

In MC NABB, located in Putnam County, the property tax rate stands at 2.42%, which is significantly higher than the national median of 1.02%. This means that homeowners in this area may experience a higher property tax bill compared to the national average, which is $2,400. Interestingly, Putnam County maintains a consistent rate across its jurisdictions, with MC NABB reflecting the county's highest and lowest median tax rates at 2.42%. This uniformity can be attributed to the county's budgeting and property valuation strategies, which ensure a stable tax environment for its residents.

Property Tax Rates Across Mc Nabb, 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 Mc Nabb Tax Rate

2.42%

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 Mc Nabb, Putnam County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61335	1.99%	2.24%	2.42%	2.63%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Mc Nabb, Putnam County, Illinois

When examining property taxes in MC NABB, 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 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 MC NABB. For example, the median home price in MC NABB is $163,008, with tax bills ranging significantly across the county. 61335 has the highest median home price at $163,008.

Property Tax Assessment Values Across Mc Nabb, Putnam County, Illinois

Source: Ownwell

$63,051

$113,030

$163,008

Median Mc Nabb Market Value

$163,008

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 Mc Nabb, Putnam County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61335	$56,932	$110,554	$163,008	$257,848	$290,290

Source: Ownwell

Property Tax Bills Across Mc Nabb, Putnam County, Illinois

In Mc Nabb, located in Putnam County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $163,008. The local tax authorities then apply the property tax rate to this assessed value to determine the annual tax bill. For homeowners in Mc Nabb, property tax bills vary significantly, with the 25th percentile at $2,372 and the 75th percentile reaching $5,669. The 90th percentile can see bills as high as $7,012, reflecting the variability in tax burdens across different properties. These figures are notably higher than the national median property tax bill of $2,400, highlighting the impact on homeowners in this region. Ownwell can assist homeowners by identifying potential inaccuracies in their property's assessed value or by uncovering eligible exemptions. Through expert guidance and appeal services, Ownwell can help reduce property tax bills, providing significant savings for homeowners in Mc Nabb.

Property Tax Bills Across Mc Nabb, Putnam County, Illinois

Source: Ownwell

$1,976

$2,955

$3,933

Median Mc Nabb Tax Bill

$3,933

Median Putnam County Tax Bill

$3,342

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Nabb, Putnam County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61335	$1,286	$2,372	$3,933	$5,669	$7,012

Source: Ownwell