Stonefort, Saline County, Illinois Property Taxes

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

Median Stonefort, IL effective property tax rate: 2.66%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Stonefort, IL home value: $59,330
Median annual Stonefort, IL tax bill: $1,780, $620 lower than the national median property tax bill of $2,400.

How are property taxes in Saline calculated?

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

Last Updated March 1, 2025

Stonefort, Saline County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.66%

Estimate Property Tax Bill

$1,578

$1,465

Ownwell’s Stonefort Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stonefort with just two data points. By entering your property's estimated assessed value, our calculator applies Stonefort’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 Stonefort, Saline County, Illinois

Local government entities establish tax rates, which can significantly differ within a state. This variation stems from each county's annual budget estimation to fund services, which is divided by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is the essence of the yearly process.

You can compare Stonefort’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Stonefort in Saline County has a median property tax rate of 2.66%, which is notably higher than the national median of 1.02%. This places Stonefort among the cities with the highest property tax rates in the country. The national median property tax bill is $2,400, and the higher tax rate in Stonefort reflects the county's budgetary needs and the assessed property values. Understanding these differences can help property owners make informed decisions about their investments and potential savings through property tax appeals.

Property Tax Rates Across Stonefort, Saline County, Illinois

Source: Ownwell

2.26%

2.46%

2.66%

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 Stonefort Taxx Rate

2.66%

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 Stonefort, Saline County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62987	0.91%	2.04%	2.66%	3.18%	4.51%

Source: Ownwell

Property Tax Assessment Values Across Stonefort, Saline County, Illinois

When examining property taxes in Stonefort, 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 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 Stonefort.

For example, the median home price in Stonefort is $59,330, with tax bills ranging significantly across the county. Zip code 62987 has the highest median home price at $59,330.

Property Tax Assessment Values Across Stonefort, Saline County, Illinois

Source: Ownwell

$49,964

$72,227

$94,490

Median Stonefort Market Value

$59,330

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 Stonefort, Saline County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62987	$5,726	$19,819	$59,330	$119,750	$169,663

Source: Ownwell

Property Tax Bills Across Stonefort, Saline County, Illinois

In Stonefort, Saline County, IL, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Stonefort homeowners face property tax bills that range widely, with the 25th percentile at $607 and the 75th percentile reaching $3,352, reflecting the variance in property values and tax rates. Homeowners in the 90th percentile can see bills as high as $5,162, which can significantly impact household budgets. Compared to the national median property tax bill of $2,400, Stonefort's figures can be burdensome. Ownwell offers property tax appeal and exemption services to help homeowners potentially reduce their tax obligations. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell assists homeowners in achieving fair tax bills, leading to substantial savings.

Property Tax Bills Across Stonefort, Saline County, Illinois

Source: Ownwell

$1,225

$1,946

$2,666

Median Stonefort Tax Bill

$1,780

Median Saline County Tax Bill

$1,585

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Stonefort, Saline County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62987	$118	$607	$1,780	$3,352	$5,162

Source: Ownwell