Spaulding, Sangamon County, Illinois Property Taxes

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

Median Spaulding, IL effective property tax rate: 2.00%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Spaulding, IL home value: $175,851. Median annual Spaulding, IL tax bill: $3,462, $1,062 higher than the national median property tax bill of $2,400.

How are property taxes in Sangamon calculated?

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

Last Updated March 1, 2025

Spaulding, Sangamon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$3,517

$3,264

Ownwell’s Spaulding Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spaulding with just two data points.

By entering your property's estimated assessed value, our calculator applies Spaulding’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 Spaulding, Sangamon County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide 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. Below, you can compare Spaulding’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Spaulding, 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 Spaulding Tax Rate

2.00%

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 Spaulding, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62561	1.68%	1.82%	2.00%	2.10%	2.14%

Source: Ownwell

Property Tax Assessment Values Across Spaulding, Sangamon County, Illinois

When examining property taxes in Spaulding, 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 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 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 Spaulding.

For example, the median home price in Spaulding is $175,851, with tax bills ranging significantly across the county. Zip code 62561 has the highest median home price at $175,851.

Property Tax Assessment Values Across Spaulding, Sangamon County, Illinois

Source: Ownwell

$56,421

$155,278

$254,134

Median Spaulding Market Value

$175,851

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 Spaulding, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62561	$100,186	$135,067	$175,851	$231,678	$275,073

Source: Ownwell

Property Tax Bills Across Spaulding, Sangamon County, Illinois

In Spaulding, located in Sangamon County, Illinois, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a fraction of the home's market value, and local taxing authorities set the tax rate. Factors such as local government budgets, school funding, and public services influence the tax rate, which in turn affects the homeowner's tax bill. The median home price in Spaulding is $175,851, with tax bills ranging from $2,472 at the 25th percentile to $5,811 at the 90th percentile. The highest and lowest median tax bills are both $3,462, reflecting the uniformity within the zip code 62561. Compared to the national median property tax bill of $2,400, Spaulding's property taxes can be relatively high. Ownwell offers services that can help homeowners in Spaulding save on their property tax bills by identifying potential exemptions and appealing assessed values, ensuring homeowners pay only their fair share.

Property Tax Bills Across Spaulding, Sangamon County, Illinois

Source: Ownwell

$1,004

$3,692

$6,380

Median Spaulding Tax Bill

$3,462

Median Sangamon County Tax Bill

$3,283

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Spaulding, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62561	$1,641	$2,472	$3,462	$4,881	$5,811

Source: Ownwell