Eldorado, Saline County, Illinois Property Taxes
Median Eldorado, IL effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Eldorado, IL home value: $58,407
Median annual Eldorado, IL tax bill: $1,282, $1,118 lower than the national median property tax bill of $2,400.
How are property taxes in Saline County calculated?
Property taxes in Eldorado, 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 Eldorado’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eldorado, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eldorado, Saline County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.28%
Estimate Property Tax Bill
$1,332
$1,236
Property Tax Rates Across Eldorado, Saline County, Illinois
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Eldorado, located in Saline County, Illinois, the effective property tax rate is notably higher than the national median. Illinois has a median property tax rate of 2.28%, which is among the highest in the country, significantly surpassing the national median rate of 1.02%. The property tax burden in Eldorado reflects this trend, highlighting the importance of understanding local tax dynamics. Comparing Eldorado’s rate to other cities in Illinois and the U.S. underscores the variation in property tax obligations. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.
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 Eldorado Taxx Rate
2.28%
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 Saline County Taxx Rate
2.49%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Eldorado, Saline County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62930 | 1.19% | 1.79% | 2.28% | 3.08% | 3.26% |
Source: Ownwell
Property Tax Assessment Values Across Eldorado, Saline County, Illinois
When examining property taxes in Eldorado, 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 Saline 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 Saline 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 Eldorado. For example, the median home price in Eldorado is $58,407, with tax bills ranging significantly across the county. Zip code 62930 has the highest median home price at $58,407.
Property Tax Assessment Values Across Eldorado, Saline County, Illinois
Source: Ownwell
$49,964
$72,227
$94,490
Median Eldorado Market Value
$58,407
Median Saline County Market Value
$61,146
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Eldorado, Saline County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62930 | $12,670 | $29,236 | $58,407 | $115,514 | $176,701 |
Source: Ownwell
Property Tax Bills Across Eldorado, Saline County, Illinois
In Eldorado, located in Saline County, IL, property tax bills are determined by 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. Homeowners in Eldorado face a median property tax bill of $1,282, which is notably lower than the national median of $2,400. This is beneficial for local homeowners, as they pay less compared to the national average. However, tax bills can vary significantly, with some reaching as high as $4,129, depending on the property's assessed value and location within the city.
Factors such as changes in property values and local government budgets can influence the tax rate, impacting the overall tax bill. Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By leveraging expert knowledge and a deep understanding of local tax codes, Ownwell helps homeowners ensure their property taxes are fair, potentially saving them a significant amount on their annual tax bills.
Median Eldorado Tax Bill
$1,282
Median Saline County Tax Bill
$1,585
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Eldorado, Saline County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62930 | $303 | $674 | $1,282 | $2,500 | $4,129 |
Source: Ownwell