Noble, Richland County, Illinois Property Taxes

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

Median Noble, IL effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Noble, IL home value: $141,147
Median annual Noble, IL tax bill: $2,679, $279 higher than the national median property tax bill of $2,400.

How are property taxes in Richland calculated?

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

Last Updated March 1, 2025

Noble, Richland County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$2,809

$2,607

Ownwell’s Noble Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Noble with just two data points. By entering your property's estimated assessed value, our calculator applies Noble’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 Noble, Richland 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 Noble’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Noble, located in Richland County, has a median property tax rate of 1.99%, which is significantly higher than the national median of 1.02%. This places Noble among the areas with the highest property tax rates in the state, matching the highest rate recorded in Illinois. For property owners, this rate translates into higher annual tax bills compared to the national median property tax bill of $2,400. Understanding these rates can help property owners in Noble make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Noble, 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 Noble Tax Rate

1.99%

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 Noble, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62868	1.26%	1.67%	1.99%	2.22%	2.31%

Source: Ownwell

Property Tax Assessment Values Across Noble, Richland County, Illinois

When examining property taxes in Noble, 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 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 March. 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 Noble. For example, the median home price in Noble is $141,147, with tax bills ranging significantly across the county. Zip code 62868 has the highest median home price at $141,147.

Property Tax Assessment Values Across Noble, Richland County, Illinois

Source: Ownwell

$82,050

$118,650

$155,250

Median Noble Market Value

$141,147

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 Noble, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62868	$46,614	$85,983	$141,147	$207,948	$262,443

Source: Ownwell

Property Tax Bills Across Noble, Richland County, Illinois

In Noble, located in Richland 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 final tax bill. For homeowners in Noble, the median property tax bill is $2679, which is higher than the national median of $2400. Factors affecting the tax bill include the property's assessed value and the local tax rate. Homeowners with properties in the 25th percentile can expect tax bills around $1409, while those in the 75th percentile may face bills up to $4282. For properties in the 90th percentile, tax bills can reach $5891.

Ownwell can help homeowners navigate these complexities by providing expert property tax appeal services. By analyzing your property's assessed value and market conditions, Ownwell identifies opportunities to reduce your tax burden, potentially saving you hundreds or even thousands of dollars. With Ownwell's assistance, homeowners can ensure they are not overpaying on their property taxes.

Property Tax Bills Across Noble, Richland County, Illinois

Source: Ownwell

$1,525

$2,254

$2,982

Median Noble Tax Bill

$2,679

Median Richland County Tax Bill

$2,107

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Noble, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62868	$668	$1,409	$2,679	$4,282	$5,891

Source: Ownwell