Calhoun, Richland County, Illinois Property Taxes

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

Median Calhoun, IL effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Calhoun, IL home value: $82,050
Median annual Calhoun, IL tax bill: $1,525, $875 lower than the national median property tax bill of $2,400.

How are property taxes in Richland County calculated?

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

Last Updated March 1, 2025

Calhoun, Richland County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.85%

Estimate Property Tax Bill

$1,518

$1,409

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

Property Tax Rates Across Calhoun, Richland County, Illinois

Local government entities set tax rates, which can vary widely within Illinois. This is because each county annually 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 Calhoun’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 Calhoun, Richland County, Illinois

Source: Ownwell

1.85%

1.99%

2.13%

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 Calhoun Tax Rate

1.85%

Median Effective Richland County Tax Rate

1.98%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Calhoun, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62419	1.13%	1.44%	1.85%	2.09%	2.17%

Source: Ownwell

Property Tax Assessment Values Across Calhoun, Richland County, Illinois

When examining property taxes in Calhoun, 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 Richland County Assessor's Office 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 Richland 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 Calhoun.

For example, the median home price in Calhoun is $82,050, with tax bills ranging significantly across the county. Zip code 62419 has the highest median home price at $82,050.

Property Tax Assessment Values Across Calhoun, Richland County, Illinois

Source: Ownwell

$82,050

$118,650

$155,250

Median Calhoun Market Value

$82,050

Median Richland County Market Value

$112,318

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Calhoun, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62419	$25,974	$44,360	$82,050	$170,217	$260,227

Source: Ownwell

Property Tax Bills Across Calhoun, Richland County, Illinois

In Calhoun, Illinois, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as local government budgets, school funding needs, and public service costs influence the tax rate. Homeowners in Calhoun face varying tax bills, with the 25th percentile at $827 and the 75th percentile at $3,318. This range highlights the potential financial burden for property owners, especially when compared to the national median property tax bill of $2,400.

Ownwell assists homeowners by providing property tax appeal and exemption services. By analyzing property assessments, Ownwell identifies discrepancies or overvaluations that could lead to higher tax bills. Through a comprehensive review process, Ownwell helps homeowners file successful appeals, potentially reducing their tax burden. This service ensures that homeowners pay a fair amount, aligning their tax bills more closely with their property's true assessed value.

Property Tax Bills Across Calhoun, Richland County, Illinois

Source: Ownwell

$1,525

$2,254

$2,982

Median Calhoun Tax Bill

$1,525

Median Richland County Tax Bill

$2,107

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Calhoun, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62419	$396	$827	$1,525	$3,318	$5,638

Source: Ownwell