Illiopolis, Sangamon County, Illinois Property Taxes

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

Median Illiopolis, IL effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Illiopolis, IL home value: $107,106
Median annual Illiopolis, IL tax bill: $2,048, $352 lower than the national median property tax bill of $2,400.

How are property taxes in Sangamon calculated?

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

Last Updated March 1, 2025

Illiopolis, Sangamon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.95%

Estimate Property Tax Bill

$2,089

$1,938

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

Local government entities in Illinois establish property tax rates, which can differ significantly throughout the state. Each year, counties like Sangamon determine their budgetary needs to fund public services and then allocate these costs across the total assessed value of all taxable properties within their boundaries. This process ultimately determines the property tax rate for the area. Although this involves legal processes and public voting, this is essentially how the system operates annually. In Illiopolis, located in Sangamon County, the effective property tax rate stands at 1.95%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Sangamon County, making it both the highest and lowest in the area. When compared to the national median property tax bill of $2,400, property owners in Illiopolis might find themselves paying considerably more. Such comparisons can help property owners understand their tax obligations relative to other regions in Illinois and across the United States.

Property Tax Rates Across Illiopolis, 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 Illiopolis Tax Rate

1.95%

Median Effective Sangamon County Tax Rate

2.31%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Illiopolis, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62539	1.17%	1.67%	1.95%	2.08%	2.17%

Source: Ownwell

Property Tax Assessment Values Across Illiopolis, Sangamon County, Illinois

When examining property taxes in Illiopolis, 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 Sangamon County Assessor 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 Sangamon 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 Illiopolis.

For example, the median home price in Illiopolis is $107,106, with tax bills ranging significantly across the county. Zip code 62539 has the highest median home price at $107,106.

Property Tax Assessment Values Across Illiopolis, Sangamon County, Illinois

Source: Ownwell

$56,421

$155,278

$254,134

Median Illiopolis Market Value

$107,106

Median Sangamon County Market Value

$144,820

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Illiopolis, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62539	$53,054	$78,232	$107,106	$135,852	$174,641

Source: Ownwell

Property Tax Bills Across Illiopolis, Sangamon County, Illinois

In Illiopolis, property tax bills are calculated based on the assessed value of a home, which is determined by the Sangamon County assessor. This assessed value is a percentage of the home's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors, such as property location, improvements, and market trends, influence the assessed value. Homeowners in Illiopolis face a median property tax bill of $2,048, which is below the national median of $2,400. However, tax bills can vary significantly, with some residents paying as little as $1,365 or as much as $3,597 depending on their property's value and location.

Ownwell can assist homeowners in reducing their property tax bills by identifying potential discrepancies in assessed values and filing appeals on their behalf. By leveraging local market data and expertise, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Illiopolis, Sangamon County, Illinois

Source: Ownwell

$1,004

$3,692

$6,380

Median Illiopolis Tax Bill

$2,048

Median Sangamon County Tax Bill

$3,283

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Illiopolis, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62539	$688	$1,365	$2,048	$2,706	$3,597

Source: Ownwell