Lovejoy, St. Clair County, Illinois Property Taxes

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

Median Lovejoy, IL effective property tax rate: 4.60%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Lovejoy, IL home value: $15,501
Median annual Lovejoy, IL tax bill: $575, $1,825 lower than the national median property tax bill of $2,400.

How are property taxes in St. Clair calculated?

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

Last Updated March 1, 2025

Lovejoy, St. Clair County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.6%

Estimate Property Tax Bill

$713

$662

Ownwell’s Lovejoy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lovejoy with just two data points. By entering your property's estimated assessed value, our calculator applies Lovejoy’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 St. Clair County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lovejoy, St. Clair County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide services and divide this by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Lovejoy, located in St. Clair County, Illinois, the effective property tax rate is notably higher than the national median. With a median property tax rate of 4.60%, Lovejoy stands out not just within Illinois but also when compared to the national median property tax rate of 1.02%. The property tax rates in Lovejoy are consistent across the board, with the highest and lowest median tax rates both at 4.60%, making it a unique case within the state. This makes Lovejoy's property tax landscape quite distinct, providing an interesting point of comparison against other cities in Illinois and across the United States. Understanding these rates can help property owners in Lovejoy make informed decisions about their real estate investments and financial planning.

Property Tax Rates Across Lovejoy, St. Clair County, Illinois

Source: Ownwell

2.11%

4.36%

6.62%

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 Lovejoy Taxx Rate

4.60%

Median Effective St. Clair County Taxx Rate

2.55%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Lovejoy, St. Clair County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62059	1.90%	4.60%	4.60%	4.60%	4.60%

Source: Ownwell

Property Tax Assessment Values Across Lovejoy, St. Clair County, Illinois

When examining property taxes in Lovejoy, 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 St. Clair County Assessor's Office 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 St. Clair County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.

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 Lovejoy.

For example, the median home price in Lovejoy is $15,501, with tax bills ranging significantly across the county. ZIP code 62059 has the highest median home price at $15,501.

Property Tax Assessment Values Across Lovejoy, St. Clair County, Illinois

Source: Ownwell

$15,501

$141,572

$267,642

Median Lovejoy Market Value

$15,501

Median St. Clair County Market Value

$110,946

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Lovejoy, St. Clair County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62059	$1,395	$5,555	$15,501	$20,633	$30,192

Source: Ownwell

Property Tax Bills Across Lovejoy, St. Clair County, Illinois

In Lovejoy, located in St. Clair County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets and school funding needs can influence the tax rate, impacting the amount homeowners pay. With a median home price of $15,501, property tax bills can vary significantly, with the 25th percentile at $118 and the 90th percentile reaching $1,330. Compared to the national median property tax bill of $2,400, Lovejoy homeowners generally pay less. However, even lower bills can be achieved. Ownwell assists homeowners by reviewing their property's assessed value and identifying potential errors or opportunities for exemptions and appeals. This can lead to substantial savings. By leveraging expert knowledge and local data, Ownwell helps ensure that homeowners in Lovejoy are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Lovejoy, St. Clair County, Illinois

Source: Ownwell

$575

$2,992

$5,408

Median Lovejoy Tax Bill

$575

Median St. Clair County Tax Bill

$2,735

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Lovejoy, St. Clair County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62059	$55	$118	$575	$859	$1,330

Source: Ownwell