E St Louis, Illinois Property Taxes
The median property tax rate in E St. Louis, IL is 1.25%, notably higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With a median home value of $21,903, the typical annual property tax bill in E St. Louis is approximately $339, which is significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding how E St. Louis's property tax system works, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of E St. Louis or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
E St Louis, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$274
$268
Ownwell’s E St. Louis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in E St. Louis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in E St. Louis 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 E St Louis, Illinois
Property taxes in E St. Louis, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in E St. Louis is 1.25%, higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within E St. Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, E St. Louis 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 E St. Louis's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62205 zip code has the highest median property tax rate of 1.25%, while the 62205 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with E St. Louis 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 E St Louis Tax Rate
1.25%
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 E St Louis, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62205 | 0.84% | 1.00% | 1.25% | 1.51% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across E St Louis, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in E St. Louis, Illinois. 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 Assessor 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 E St. Louis, 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. The median home price in E St. Louis is $21,903, with the 25th percentile tax bill at $315 and the 75th percentile tax bill at $363. The highest and lowest median tax bills are both $339 in the zip code 62205. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average E St Louis Assessed Value
$21,903
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 E St Louis, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62205 | $16,940 | $18,801 | $21,903 | $30,600 | $35,818 |
Source: Ownwell
Property Tax Bills Across E St Louis, Illinois
In E St. Louis, located in St. Clair County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is typically a percentage of the property's market value. The median home price in E St. Louis is $21,903, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the home's location, size, and condition. In E St. Louis, the property tax bills range from $315 at the 25th percentile to $378 at the 90th percentile, with the highest median tax bill recorded at $339 in the 62205 zip code. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, E St. Louis homeowners experience a relatively lower tax burden, making it an affordable area for property ownership.
Average E St Louis Tax Bill
$339
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 E St Louis, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62205 | $300 | $315 | $339 | $363 | $378 |
Source: Ownwell