Plymouth, Schuyler County, Illinois Property Taxes

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

Median Plymouth, IL effective property tax rate: 2.66%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Plymouth, IL home value: $17,310
Median annual Plymouth, IL tax bill: $407, $1,993 lower than the national median property tax bill of $2,400.

How are property taxes in Schuyler calculated?

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

Last Updated March 1, 2025

Plymouth, Schuyler County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.66%

Estimate Property Tax Bill

$460

$427

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

Local government entities set tax rates, which can vary widely within a state. 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 Plymouth’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Plymouth, located in Schuyler County, has a median property tax rate of 2.66%, which is significantly higher than the national median property tax rate of 1.02%. This places Plymouth among the higher property tax rates in the U.S. While the national median property tax bill stands at $2,400, Plymouth’s rate indicates a potentially higher tax bill for its residents. Understanding how these rates compare can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Plymouth, 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 Plymouth Tax Rate

2.66%

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 Plymouth, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62367	0.97%	1.95%	2.66%	2.73%	2.73%

Source: Ownwell

Property Tax Assessment Values Across Plymouth, Schuyler County, Illinois

When examining property taxes in Plymouth, 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 Schuyler 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.

Assessment notices: 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 Plymouth.

For example, the median home price in Plymouth is $17,310, with tax bills ranging significantly across the county. Zip code 62367 has the highest median home price at $17,310.

Property Tax Assessment Values Across Plymouth, Schuyler County, Illinois

Source: Ownwell

$17,310

$51,180

$85,050

Median Plymouth Market Value

$17,310

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 Plymouth, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62367	$4,138	$10,738	$17,310	$51,760	$139,576

Source: Ownwell

Property Tax Bills Across Plymouth, Schuyler County, Illinois

In Plymouth, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. In Schuyler County, the median property tax bill is $407, which is significantly lower than the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements, all of which can affect the assessed value. Homeowners in Plymouth face tax bills ranging from $185 at the 25th percentile to $3,507 at the 90th percentile, indicating variability based on property characteristics. Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. This service is especially beneficial in areas with fluctuating property values, offering peace of mind and financial savings.

Property Tax Bills Across Plymouth, Schuyler County, Illinois

Source: Ownwell

$407

$1,201

$1,995

Median Plymouth Tax Bill

$407

Median Schuyler County Tax Bill

$1,400

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Plymouth, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62367	$82	$185	$407	$1,387	$3,507

Source: Ownwell