Astoria, Illinois Property Taxes
The median property tax rate in Astoria, Illinois is 2.70%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Astoria being $73,071, the typical annual property tax bill reaches $2,013, which is below the national median of $2,690. Property taxes in Astoria are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Astoria's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Astoria or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Astoria, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Astoria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Astoria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Astoria to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Astoria, Illinois
Property taxes in Astoria, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Astoria is 2.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within Astoria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Astoria estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Astoria's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61501 zip code has the highest median property tax rate of 2.70%, while it also has the lowest median tax rate of 2.70%. Understanding how these cities compare with Astoria provides valuable insights into the varying tax landscape across Schuyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Astoria Tax Rate
2.70%
Average Schuyler County Tax Rate
2.25%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Astoria, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61501 | 2.64% | 2.66% | 2.70% | 2.73% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Astoria, Illinois
In Astoria, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Schuyler County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Astoria, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Astoria is $73,071, with a tax bill ranging from $1,139 at the 25th percentile to $3,412 at the 90th percentile. The highest and lowest median tax bills both stand at $2,013, specifically in the 61501 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Astoria Assessed Value
$73,071
Average Schuyler County Assessed Value
$67,204
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Astoria, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61501 | $22,683 | $41,578 | $73,071 | $104,564 | $123,459 |
Source: Ownwell
Property Tax Bills Across Astoria, Illinois
In Astoria, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the property tax rate set by Schuyler County. For instance, with a median home price of $73,071, homeowners can expect their property tax bill to fall within a range depending on various factors like exemptions and local levies. The 25th percentile tax bill is approximately $1,139, while the 75th percentile reaches up to $2,888. At the 90th percentile, homeowners might see bills as high as $3,412. Comparatively, the national median property tax rate is 0.99%, which gives a perspective on how local rates might differ. These tax bills significantly impact homeowners by contributing to public services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners in Astoria anticipate their annual financial obligations and manage their budgets more effectively.
Average Astoria Tax Bill
$2,013
Average Schuyler County Tax Bill
$1,400
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Astoria, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61501 | $615 | $1,139 | $2,013 | $2,888 | $3,412 |
Source: Ownwell