Mount Sterling, Schuyler County, Illinois Property Taxes

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

Median Mount Sterling, IL effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mount Sterling, IL home value: $176,661
Median annual Mount Sterling, IL tax bill: $4,158, $1,758 higher than the national median property tax bill of $2,400.

How are property taxes in Schuyler calculated?

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

Last Updated March 1, 2025

Mount Sterling, Schuyler County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$4,152

$3,853

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

Property Tax Rates Across Mount Sterling, Schuyler County, Illinois

Local government entities determine tax rates, leading to significant variations within Illinois. Each year, Schuyler County calculates its budget needs to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This determines the property tax rate. While laws and votes play a role in setting these rates and budgets, this forms the core of the annual process.

In Mount Sterling, the effective property tax rate offers a unique perspective compared to other Illinois cities. With Illinois' median property tax rate at 2.35%, it stands noticeably higher than the national median of 1.02%. This difference highlights the variability in property tax rates across the country and emphasizes the importance of understanding local tax obligations. For homeowners in Mount Sterling, being informed about these rates can significantly impact financial planning and property investment decisions. By comparing local rates to state and national medians, property owners can better navigate their tax responsibilities and potentially seek opportunities for appeals or exemptions.

Property Tax Rates Across Mount Sterling, 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 Mount Sterling Tax Rate

2.35%

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 Mount Sterling, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62353	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mount Sterling, Schuyler County, Illinois

When examining property taxes in Mount Sterling, 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 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 Mount Sterling. For example, the median home price in Mount Sterling is $176,661, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mount Sterling, Schuyler County, Illinois

Source: Ownwell

$17,310

$51,180

$85,050

Median Mount Sterling Market Value

$176,661

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 Mount Sterling, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62353	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mount Sterling, Schuyler County, Illinois

In Mount Sterling, Illinois, 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 a percentage of the home's market value and is used to calculate the property tax owed. The median home price in Mount Sterling is $176,661, which plays a crucial role in determining the tax bill. In Schuyler County, where Mount Sterling is located, the property tax bill at the 25th, 75th, and 90th percentiles is $4,158, significantly higher than the national median property tax bill of $2,400. This suggests that homeowners in Mount Sterling face a substantial property tax burden compared to the national average. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property data and market trends, Ownwell can help homeowners challenge their assessed values, potentially reducing their tax bills. This service can alleviate the financial strain on homeowners, ensuring they only pay their fair share.

Property Tax Bills Across Mount Sterling, Schuyler County, Illinois

Source: Ownwell

$407

$1,201

$1,995

Median Mount Sterling Tax Bill

$4,158

Median Schuyler County Tax Bill

$1,400

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Sterling, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62353	N/A	N/A	N/A	N/A	N/A

Source: Ownwell