Frederick, Schuyler County, Illinois Property Taxes

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

Median Frederick, IL effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Frederick, IL home value: $46,965
Median annual Frederick, IL tax bill: $816, $1,584 lower than the national median property tax bill of $2,400.

How are property taxes in Schuyler calculated?

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

Last Updated March 1, 2025

Frederick, Schuyler County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.01%

Estimate Property Tax Bill

$944

$876

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

Property Tax Rates Across Frederick, Schuyler County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Frederick’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Frederick, located in Schuyler County, is subject to a property tax rate of 2.01%, which is significantly higher than the national median of 1.02%. This higher rate reflects the county's budgetary needs and the total assessed value of taxable properties. Compared to the national median property tax bill of $2,400, residents in Frederick may experience a higher financial burden. Understanding these differences can help property owners better prepare for their annual tax responsibilities and explore potential appeal opportunities.

Property Tax Rates Across Frederick, Schuyler County, Illinois

Source: Ownwell

1.86%

2.26%

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 Frederick Tax Rate

2.01%

Median Effective Schuyler County Tax Rate

2.25%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Frederick, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62639	0.99%	1.46%	2.01%	2.50%	2.51%

Source: Ownwell

Property Tax Assessment Values Across Frederick, Schuyler County, Illinois

When examining property taxes in Frederick, 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 Schuyler 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.

In Schuyler 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 Frederick. For example, the median home price in Frederick is $46,965, with tax bills ranging significantly across the county. Zip code 62639 has the highest median home price at $46,965.

Property Tax Assessment Values Across Frederick, Schuyler County, Illinois

Source: Ownwell

$17,310

$51,180

$85,050

Median Frederick Market Value

$46,965

Median Schuyler County Market Value

$67,204

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Frederick, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62639	$10,065	$26,592	$46,965	$102,207	$171,685

Source: Ownwell

Property Tax Bills Across Frederick, Schuyler County, Illinois

In Frederick, Schuyler County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors, such as local government budgets and school funding, influence these rates. Homeowners in Frederick face a median property tax bill of $816, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with some paying as little as $338 or as much as $3,039, depending on their property's assessed value and location within the county. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing each property's assessed value and comparing it to similar homes in the area, Ownwell can help ensure that homeowners are not overpaying. This service can be especially beneficial in areas with fluctuating property values, providing peace of mind and potential savings.

Property Tax Bills Across Frederick, Schuyler County, Illinois

Source: Ownwell

$407

$1,201

$1,995

Median Frederick Tax Bill

$816

Median Schuyler County Tax Bill

$1,400

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Frederick, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62639	$146	$338	$816	$2,092	$3,039

Source: Ownwell