Glenarm, Sangamon County, Illinois Property Taxes

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

Median Glenarm, IL effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Glenarm, IL home value: $188,523
Median annual Glenarm, IL tax bill: $3,858, $1,458 higher than the national median property tax bill of $2,400.

How are property taxes in Sangamon County calculated?

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

Last Updated March 1, 2025

Glenarm, Sangamon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.09%

Estimate Property Tax Bill

$3,940

$3,656

Ownwell’s Glenarm Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glenarm with just two data points. By entering your property's estimated assessed value, our calculator applies Glenarm’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 Sangamon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glenarm, Sangamon County, Illinois

Local government entities determine tax rates, leading to significant variation within a state. Annually, each county estimates the budget needed to provide essential services and divides this by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Glenarm, located in Sangamon County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. With a median tax rate of 2.09%, Glenarm's rate is more than double the national average. This places Glenarm at the higher end of the spectrum not only within Illinois but also compared to the U.S. median. Such a rate can significantly impact property tax bills, which in Glenarm are likely to exceed the national median property tax bill of $2,400. Understanding these rates is crucial for property owners considering the financial implications of residing in Glenarm.

Property Tax Rates Across Glenarm, Sangamon County, Illinois

Source: Ownwell

1.74%

2.36%

2.99%

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 Glenarm Taxx Rate

2.09%

Median Effective Sangamon County Taxx Rate

2.31%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Glenarm, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62536	1.73%	1.97%	2.09%	2.15%	2.22%

Source: Ownwell

Property Tax Assessment Values Across Glenarm, Sangamon County, Illinois

When examining property taxes in Glenarm, 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 Sangamon 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 Sangamon 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 Glenarm. For example, the median home price in Glenarm is $188,523, with tax bills ranging significantly across the county. Zip code 62536 has the highest median home price at $188,523.

Property Tax Assessment Values Across Glenarm, Sangamon County, Illinois

Source: Ownwell

$56,421

$155,278

$254,134

Median Glenarm Market Value

$188,523

Median Sangamon County Market Value

$144,820

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Glenarm, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62536	$106,093	$151,425	$188,523	$228,384	$282,892

Source: Ownwell

Property Tax Bills Across Glenarm, Sangamon County, Illinois

In Glenarm, located in Sangamon County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of the market value, multiplied by the local tax rate. Homeowners in Glenarm face a median property tax bill that can range significantly, with the 25th percentile at $2,955 and the 75th percentile reaching $4,785. The top 10% of tax bills can be as high as $5,925. This is considerably higher than the national median property tax bill of $2,400, indicating that homeowners in this region may face a heavier tax burden. Several factors influence these tax bills, including local government budgets and school funding needs. For homeowners seeking to reduce their property tax expenses, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps clients lower their tax bills, ensuring they only pay their fair share. This service can be especially beneficial in areas like Glenarm, where property taxes are notably above the national average.

Property Tax Bills Across Glenarm, Sangamon County, Illinois

Source: Ownwell

$1,004

$3,692

$6,380

Median Glenarm Tax Bill

$3,858

Median Sangamon County Tax Bill

$3,283

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Glenarm, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62536	$1,894	$2,955	$3,858	$4,785	$5,925

Source: Ownwell