East Saint Louis, Illinois Property Taxes
The median property tax rate in East Saint Louis, IL is 4.61%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in East Saint Louis at $24,750, the typical annual property tax bill reaches $1,075, exceeding the national median of $2,690. Property taxes in East Saint Louis 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 East Saint Louis'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 East Saint Louis or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Saint Louis, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.61%
Estimate Property Tax Bill
$1,141
$1,059
Ownwell’s East Saint Louis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Saint Louis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Saint 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 East Saint Louis, Illinois
Property taxes in East Saint Louis, Illinois, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in East Saint Louis is 4.61%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within East Saint Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Saint 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 East Saint Louis's effective property tax rate to other areas in Illinois and the national median. For comparison, the 62206 zip code has the highest median property tax rate of 6.62%, while the 62201 zip code has the lowest median tax rate of 2.84%. Understanding how these cities compare with East Saint 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 East Saint Louis Tax Rate
4.61%
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 East Saint Louis, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62201 | 1.09% | 1.85% | 2.84% | 4.61% | 4.61% |
| 62203 | 1.19% | 2.68% | 4.61% | 4.61% | 6.60% |
| 62204 | N/A | N/A | N/A | N/A | N/A |
| 62205 | 1.09% | 2.69% | 4.61% | 4.61% | 4.61% |
| 62206 | 2.69% | 4.47% | 6.62% | 6.62% | 6.63% |
| 62207 | N/A | N/A | N/A | N/A | N/A |
| 62208 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across East Saint Louis, Illinois
In East Saint Louis, 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 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 East Saint 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the highest median tax bill in the area is $1,503 in the 62206 zip code, while the lowest is $868 in the 62205 zip code. Being aware of these valuation processes in East Saint Louis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Saint Louis, Illinois
Source: Ownwell
$2,100
$2,560,473
$5,118,846
Average East Saint Louis Assessed Value
$24,750
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 East Saint Louis, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62201 | $3,872 | $17,946 | $37,749 | $54,519 | $71,792 |
| 62203 | $3,518 | $17,593 | $25,004 | $33,621 | $47,760 |
| 62204 | N/A | N/A | N/A | N/A | N/A |
| 62205 | $1,256 | $16,197 | $23,559 | $32,246 | $40,675 |
| 62206 | $6,953 | $20,967 | $26,181 | $32,184 | $40,657 |
| 62207 | N/A | N/A | N/A | N/A | N/A |
| 62208 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across East Saint Louis, Illinois
In East Saint Louis, located in St. Clair County, IL, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value. For homeowners in East Saint Louis, the median home price stands at $24,750. The tax rate in this region is applied to the assessed value to determine the annual tax bill. For example, properties in the 25th percentile have tax bills around $557, while those in the 75th percentile face bills closer to $1,603. The highest median tax bill in the area is $1,503 in zip code 62206, whereas the lowest is $868 in zip code 62205. These property tax bills directly impact homeowners by influencing their overall housing costs. Higher property taxes can affect affordability and may be a significant consideration for both current residents and potential buyers. Compared to the national median property tax rate of 0.99%, East Saint Louis homeowners experience a varied range of tax obligations based on their property's assessed value and location within the city.
Average East Saint Louis Tax Bill
$1,075
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 East Saint Louis, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62201 | $153 | $492 | $928 | $1,363 | $1,798 |
| 62203 | $195 | $550 | $1,011 | $1,386 | $1,831 |
| 62204 | N/A | N/A | N/A | N/A | N/A |
| 62205 | $113 | $407 | $868 | $1,215 | $1,663 |
| 62206 | $404 | $981 | $1,503 | $1,860 | $2,325 |
| 62207 | N/A | N/A | N/A | N/A | N/A |
| 62208 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell