Equality, Saline County, Illinois Property Taxes
Median Equality, IL effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Equality, IL home value: $66,567
Median annual Equality, IL tax bill: $2,518, $118 higher than the national median property tax bill of $2,400.
How are property taxes in Saline calculated?
Property taxes in Equality, 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 Equality’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Equality, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Equality, Saline County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.26%
Estimate Property Tax Bill
$1,504
$1,396
Ownwell’s Equality Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Equality with just two data points. By entering your property's estimated assessed value, our calculator applies Equality’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 Saline County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Equality, Saline County, Illinois
Local government entities set property tax rates, which can vary significantly within a state. Annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Equality, located in Saline County, Illinois, the effective property tax rate stands at 2.26%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent throughout the city, as both the highest and lowest median tax rates are the same. When compared to the national median property tax bill of $2,400, residents in Equality may experience a higher financial burden due to these elevated rates. This disparity highlights the importance of understanding local tax dynamics and seeking professional guidance to explore possible tax appeal and exemption opportunities. By doing so, homeowners can potentially reduce their tax liabilities and ensure they are not paying more than their fair share.
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 Equality Tax Rate
2.26%
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 Tax Rate
2.49%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Equality, Saline County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62934 | 1.52% | 2.03% | 2.26% | 3.22% | 4.59% |
Source: Ownwell
Property Tax Assessment Values Across Equality, Saline County, Illinois
When examining property taxes in Equality, 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 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 Saline 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 Equality.
For example, the median home price in Equality is $66,567, with tax bills ranging significantly across the county. Zip code 62934 has the highest median home price at $66,567.
Property Tax Assessment Values Across Equality, Saline County, Illinois
Source: Ownwell
$49,964
$72,227
$94,490
Median Equality Market Value
$66,567
Median Saline County Market Value
$61,146
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Equality, Saline County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62934 | $14,148 | $25,582 | $66,567 | $135,396 | $201,630 |
Source: Ownwell
Property Tax Bills Across Equality, Saline County, Illinois
Median Equality Tax Bill
$2,518
Median Saline County Tax Bill
$1,585
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Equality, Saline County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62934 | $642 | $1,106 | $2,518 | $3,111 | $4,730 |
Source: Ownwell