Caseyville, Illinois Property Taxes
The median property tax rate in Caseyville, IL is 2.37%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Caseyville at $90,246, the typical annual property tax bill reaches $1,977, surpassing the national median of $2,690. Property taxes in Caseyville are determined based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Caseyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Caseyville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caseyville, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$2,139
$2,090
Ownwell’s Caseyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caseyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caseyville 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 Caseyville, Illinois
Property taxes in Caseyville, Illinois, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Caseyville is 2.37%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Caseyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caseyville 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. For comparison, the zip code 62232 has the highest median property tax rate of 2.37%, while the same zip code also has the lowest median tax rate of 2.37%. Understanding how these cities compare with Caseyville provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caseyville Tax Rate
2.37%
Average St. Clair County Tax Rate
2.55%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caseyville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62232 | 1.29% | 1.86% | 2.37% | 2.96% | 3.46% |
Source: Ownwell
Property Tax Assessment Values Across Caseyville, Illinois
In Caseyville, 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 St. Clair 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 Caseyville, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Caseyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 62232, with a median tax bill of $1,977.
Average Caseyville Assessed Value
$90,246
Average St. Clair County Assessed Value
$110,946
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caseyville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62232 | $24,183 | $52,536 | $90,246 | $139,311 | $318,447 |
Source: Ownwell
Property Tax Bills Across Caseyville, Illinois
Property tax bills in Caseyville, St. Clair County, IL, are determined by assessing the value of the property and applying the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by local taxing authorities. This rate is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. Homeowners in Caseyville can expect a range of tax bills depending on their property's value. For instance, properties in the 25th percentile have tax bills around $1,189, while those in the 75th percentile face bills closer to $3,081. At the higher end, the 90th percentile sees tax bills as high as $7,080. The median home price in Caseyville is $90,246, and the median tax bill in the zip code 62232 is $1,977, which is above the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners' annual expenses, highlighting the importance of accurate property assessments and understanding local tax rates.
Average Caseyville Tax Bill
$1,977
Average St. Clair County Tax Bill
$2,735
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Caseyville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62232 | $490 | $1,189 | $1,977 | $3,081 | $7,080 |
Source: Ownwell