Thompsonville, Saline County, Illinois Property Taxes

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

Median Thompsonville, IL effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Thompsonville, IL home value: $94,311
Median annual Thompsonville, IL tax bill: $2,666, $266 higher than the national median property tax bill of $2,400.

How are property taxes in Saline calculated?

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

Last Updated March 1, 2025

Thompsonville, Saline County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.64%

Estimate Property Tax Bill

$2,490

$2,310

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Thompsonville, located in Saline County, Illinois, the effective property tax rate stands out compared to other cities in Illinois. The median property tax rate in Illinois is significantly higher than the national median rate of 1.02%. This means property owners in Thompsonville might pay more in property taxes compared to many other regions across the United States. Understanding these rates can help property owners in Thompsonville make informed decisions and potentially explore appealing their property taxes for savings. Comparing Thompsonville’s property tax rate to the state and national medians can provide valuable insights into the local tax landscape.

Property Tax Rates Across Thompsonville, 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 Thompsonville Tax Rate

2.64%

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 Thompsonville, Saline County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62890	1.22%	2.23%	2.64%	3.12%	3.43%

Source: Ownwell

Property Tax Assessment Values Across Thompsonville, Saline County, Illinois

When examining property taxes in Thompsonville, IL, 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. Assessment notices: In Saline County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Thompsonville. For example, the median home price in Thompsonville is $94,311, with tax bills ranging significantly across the county. 62890 has the highest median home price at $94,311.

Property Tax Assessment Values Across Thompsonville, Saline County, Illinois

Source: Ownwell

$49,964

$72,227

$94,490

Median Thompsonville Market Value

$94,311

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 Thompsonville, Saline County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62890	$40,730	$59,115	$94,311	$117,603	$165,593

Source: Ownwell

Property Tax Bills Across Thompsonville, Saline County, Illinois

In Thompsonville, located in Saline County, IL, property tax bills are calculated based on the assessed value of a home, typically a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and condition can influence its assessed value. With a median home price of $94,311, homeowners in Thompsonville see tax bills ranging from the 25th percentile at $1,687 to the 90th percentile at $3,627. The median property tax bill in this area is notably higher than the national median of $2,400, reflecting the impact of local tax rates and property values on homeowners' expenses.

Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps ensure that homeowners are not overpaying. This can result in significant savings, providing financial relief and peace of mind to property owners in Thompsonville and beyond.

Property Tax Bills Across Thompsonville, Saline County, Illinois

Source: Ownwell

$1,225

$1,946

$2,666

Median Thompsonville Tax Bill

$2,666

Median Saline County Tax Bill

$1,585

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Thompsonville, Saline County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62890	$882	$1,687	$2,666	$3,068	$3,627

Source: Ownwell