Troy, St. Clair County, Illinois Property Taxes

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

Median Troy, IL effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Troy, IL home value: $177,675
Median annual Troy, IL tax bill: $3,878, $1,478 higher than the national median property tax bill of $2,400.

How are property taxes in St. Clair County calculated?

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

Last Updated March 1, 2025

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.22%

Estimate Property Tax Bill

$3,944

$3,660

Ownwell’s Troy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Troy with just two data points. By entering your property's estimated assessed value, our calculator applies Troy’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 Troy, St. Clair County, Illinois

Local government entities set property tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Troy, located in St. Clair County, Illinois, the effective property tax rate is 2.22%. This rate stands out when compared to the national median property tax rate of 1.02%. The property tax rate in Troy is higher than the national median, reflecting the specific budgetary needs and property valuations within the county. Such differences highlight the importance of understanding local tax environments, as they significantly impact homeowners' annual tax bills. By appealing your property taxes or seeking exemptions, you can potentially reduce your tax burden. Comparing Troy's effective property tax rate with other cities in Illinois and the U.S. median provides valuable insight for property owners aiming to manage their expenses effectively.

Property Tax Rates Across Troy, 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 Troy Tax Rate

2.22%

Median Effective St. Clair County Tax Rate

2.55%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

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

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62294	1.76%	2.06%	2.22%	2.31%	2.46%

Source: Ownwell

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

When examining property taxes in Troy, IL, 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 Troy. For example, the median home price in Troy is $177,675, with tax bills ranging significantly across the county. Zip code 62294 has the highest median home price at $177,675.

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

Source: Ownwell

$15,501

$141,572

$267,642

Median Troy Market Value

$177,675

Median St. Clair County Market Value

$110,946

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62294	$110,574	$126,536	$177,675	$220,428	$311,396

Source: Ownwell

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

In Troy, Illinois, located in St. Clair County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Troy is $177,675, and property taxes are determined by applying the local tax rate to this assessed value. Homeowners in Troy face a median property tax bill of $3,878, which is significantly higher than the national median of $2,400. This discrepancy can impact homeowners by increasing their annual financial burden, especially for those with higher-valued properties. For instance, the tax bill at the 90th percentile reaches $6,933, illustrating the potential for substantial property tax expenses. Ownwell can assist homeowners in Troy by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential inaccuracies, Ownwell helps homeowners reduce their property tax bills. This service can lead to significant savings, alleviating the financial strain that high property taxes can impose on homeowners in the region.

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

Source: Ownwell

$575

$2,992

$5,408

Median Troy Tax Bill

$3,878

Median St. Clair County Tax Bill

$2,735

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

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

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62294	$2,030	$2,534	$3,878	$5,496	$6,933

Source: Ownwell