Saline County Property Taxes
The median property tax rate in Saline County is 2.49%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Saline County, the typical annual property tax bill reaches $1,585, which is below the national median of $2,690. Property taxes in Saline County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Saline County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Harrisburg or another part of Saline County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saline County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$1,523
$1,413
Ownwell’s Saline County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Saline County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Saline County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Saline County, Illinois
Property taxes in Saline County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Saline County is 2.49%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Saline County set these rates annually, and they can vary significantly between different areas within the county. Each year, Saline County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Stonefort has one of the higher property tax rates in Illinois at 2.66%, while the city of Equality boasts one of the lowest at 2.26%. Analyzing how Saline County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Saline County Tax Rate
2.49%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saline County, Illinois
City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carrier Mills | 1.28% | 1.85% | 2.33% | 3.09% | 3.38% |
Eldorado | 1.19% | 1.79% | 2.28% | 3.08% | 3.26% |
Equality | 1.52% | 2.03% | 2.26% | 3.22% | 4.59% |
Galatia | 1.41% | 2.13% | 2.65% | 3.09% | 3.73% |
Harrisburg | 1.44% | 2.04% | 2.52% | 3.18% | 3.56% |
Herod | 2.04% | 2.12% | 2.29% | 2.31% | 2.52% |
Muddy | N/A | N/A | N/A | N/A | N/A |
Raleigh | 1.21% | 2.07% | 2.36% | 2.98% | 3.44% |
Stonefort | 0.91% | 2.04% | 2.66% | 3.18% | 4.51% |
Thompsonville | 1.22% | 2.23% | 2.64% | 3.12% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Saline County, Illinois
In Saline County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Saline County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Saline County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, residents in Thompsonville face the highest median tax bill at $2,666, while those in Herod see the lowest at $604. Being aware of these valuation processes in Saline County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Saline County Assessed Value
$61,146
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saline County, Illinois
City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carrier Mills | $9,310 | $21,896 | $49,964 | $99,353 | $167,212 |
Eldorado | $12,670 | $29,236 | $58,407 | $115,514 | $176,701 |
Equality | $14,148 | $25,582 | $66,567 | $135,396 | $201,630 |
Galatia | $10,468 | $34,773 | $69,813 | $125,732 | $186,686 |
Harrisburg | $7,173 | $27,561 | $57,480 | $111,328 | $170,433 |
Herod | $7,054 | $11,257 | $23,556 | $140,683 | $252,540 |
Muddy | N/A | N/A | N/A | N/A | N/A |
Raleigh | $11,073 | $39,945 | $94,490 | $147,370 | $187,363 |
Stonefort | $5,726 | $19,819 | $59,330 | $119,750 | $169,663 |
Thompsonville | $40,730 | $59,115 | $94,311 | $117,603 | $165,593 |
Source: Ownwell
Property Tax Bills Across Saline County, Illinois
In Saline County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location, the local government's budget needs, and any applicable exemptions or deductions. For example, the median home price in Saline County is $61,146. The property tax rate in this county is relatively high compared to the national median of 0.99%. Homeowners in Thompsonville, where the highest median tax bill is $2,666, can expect higher property taxes compared to those in Herod, where the lowest median tax bill is $604. This variability means that homeowners in Saline County can see a significant range in their property tax bills, from $722 at the 25th percentile to $4,742 at the 90th percentile. Understanding these factors can help homeowners better anticipate their property tax obligations and budget accordingly.
Average Saline County Tax Bill
$1,585
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Saline County, Illinois
City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carrier Mills | $335 | $660 | $1,225 | $2,857 | $4,692 |
Eldorado | $303 | $674 | $1,282 | $2,500 | $4,129 |
Equality | $642 | $1,106 | $2,518 | $3,111 | $4,730 |
Galatia | $427 | $962 | $2,126 | $3,676 | $5,405 |
Harrisburg | $395 | $690 | $1,497 | $3,016 | $4,612 |
Herod | $163 | $258 | $604 | $2,967 | $5,141 |
Muddy | N/A | N/A | N/A | N/A | N/A |
Raleigh | $316 | $938 | $2,080 | $3,782 | $4,748 |
Stonefort | $118 | $607 | $1,780 | $3,352 | $5,162 |
Thompsonville | $882 | $1,687 | $2,666 | $3,068 | $3,627 |
Source: Ownwell
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