Dupo, Illinois Property Taxes
The median property tax rate in Dupo, IL is 2.68%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Dupo at $94,401, the typical annual property tax bill reaches $2,378, slightly below the national median of $2,690. Property taxes in Dupo 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 Dupo'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 Dupo or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dupo, 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 Dupo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dupo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dupo 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 Dupo, Illinois
Property taxes in Dupo, Illinois, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dupo is 2.68%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Dupo set these rates annually, and they can vary across different neighborhoods. Each year, Dupo 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 Dupo's effective property tax rate to other areas in Illinois and the national median. For comparison, the zip code 62239 has the highest median property tax rate of 2.68%, while the same zip code has the lowest median tax rate of 2.68%. Understanding how these areas compare with Dupo 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 Dupo Tax Rate
2.68%
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 Dupo, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62239 | 1.70% | 2.30% | 2.68% | 3.07% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Dupo, Illinois
In Dupo, 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 Assessment Office 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 Dupo, 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 Dupo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dupo is $94,401. The highest and lowest median tax bills are both $2,378, found in the zip code 62239. The tax bill at the 25th percentile is $1,377, while at the 75th percentile, it is $3,591. The tax bill at the 90th percentile reaches $4,392.
Average Dupo Assessed Value
$94,401
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 Dupo, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62239 | $26,938 | $63,160 | $94,401 | $136,956 | $163,086 |
Source: Ownwell
Property Tax Bills Across Dupo, Illinois
In Dupo, located in St. Clair County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $94,401, the tax rate applied results in varying tax bills across different percentiles. Homeowners in the 25th percentile might see a tax bill around $1,377, while those in the 75th percentile could face a bill of approximately $3,591. At the 90th percentile, the tax bill can reach up to $4,392. The property tax rate in Dupo contributes to a median tax bill of $2,378, which is higher than the national median property tax rate of 0.99%. This higher tax burden can significantly impact homeowners, influencing their overall housing costs and potentially affecting decisions related to homeownership and property investments. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Dupo Tax Bill
$2,378
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 Dupo, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62239 | $589 | $1,377 | $2,378 | $3,591 | $4,392 |
Source: Ownwell