Claremont, Richland County, Illinois Property Taxes
Median Claremont, IL effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Claremont, IL home value: $133,380
Median annual Claremont, IL tax bill: $2,420, $20 higher than the national median property tax bill of $2,400.
How are property taxes in Richland calculated?
Property taxes in Claremont, 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 Claremont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Claremont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Claremont, Richland County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.88%
Estimate Property Tax Bill
$2,508
$2,327
Ownwell’s Claremont Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Claremont with just two data points.
By entering your property's estimated assessed value, our calculator applies Claremont’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 Claremont, Richland County, Illinois
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is primarily due to each county's annual budget requirements, which are divided by the total assessed value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, though involving votes and regulations, is essentially how tax rates are determined each year.
In Claremont, located in Richland County, Illinois, the effective property tax rate is a focal point for comparison with other cities in Illinois, as well as the state and national medians. Illinois has a median property tax rate of 1.88%, which is significantly higher than the national median of 1.02%. This difference highlights the importance of understanding local tax dynamics, as they can have a substantial impact on property owners.
By examining Claremont’s rates in the context of both state and national figures, property owners can gain a clearer perspective on their tax obligations and explore potential opportunities for appealing or reducing their property tax burden.
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 Claremont Tax Rate
1.88%
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 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 Claremont, Richland County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62421 | 1.27% | 1.68% | 1.88% | 2.05% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Claremont, Richland County, Illinois
When examining property taxes in Claremont, 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 Richland 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 Richland 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 Claremont. For example, the median home price in Claremont is $133,380, with tax bills ranging significantly across the county. Zip code 62421 has the highest median home price at $133,380.
Property Tax Assessment Values Across Claremont, Richland County, Illinois
Source: Ownwell
$82,050
$118,650
$155,250
Median Claremont Market Value
$133,380
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 Claremont, Richland County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62421 | $39,054 | $79,230 | $133,380 | $195,749 | $285,446 |
Source: Ownwell
Property Tax Bills Across Claremont, Richland County, Illinois
In Claremont, located in Richland County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Claremont is $133,380, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. The median property tax bill in Claremont aligns with the national median of $2,400, but it can vary significantly, ranging from $1,415 at the 25th percentile to $5,971 at the 90th percentile. This variability can impact homeowners' financial planning and overall affordability.
Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax burdens. By analyzing property assessments and market data, Ownwell identifies discrepancies or opportunities for savings. Their expertise in navigating the appeals process ensures homeowners in Claremont can achieve fair property tax assessments, ultimately leading to significant savings.
Median Claremont Tax Bill
$2,420
Median Richland County Tax Bill
$2,107
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Claremont, Richland County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62421 | $651 | $1,415 | $2,420 | $3,636 | $5,971 |
Source: Ownwell