Stark County Property Taxes
The median property tax rate in Stark County is 2.20%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Stark County, the typical annual property tax bill reaches $2,919, which exceeds the national median of $2,690. Property taxes in Stark County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Stark County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Toulon or another part of Stark County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stark County 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 Stark County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Stark County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stark County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Stark County, Illinois
Property taxes in Stark County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stark County is 2.20%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Stark County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stark County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Princeville has one of the higher property tax rates in Illinois at 2.30%, while the city of Buda boasts one of the lowest at 1.99%. Analyzing how Stark County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stark County Tax Rate
2.20%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stark County, Illinois
City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bradford | 1.45% | 1.84% | 2.01% | 2.13% | 2.31% |
Buda | 1.97% | 1.98% | 1.99% | 2.00% | 2.01% |
Galva | 1.82% | 2.07% | 2.25% | 2.29% | 2.41% |
Kewanee | 1.35% | 2.04% | 2.17% | 2.21% | 2.24% |
La Fayette | 1.31% | 2.08% | 2.25% | 2.47% | 2.56% |
Laura | 1.80% | 1.99% | 2.08% | 2.35% | 2.54% |
Neponset | 1.75% | 2.02% | 2.11% | 2.25% | 2.29% |
Princeville | 1.69% | 2.08% | 2.30% | 2.36% | 2.43% |
Speer | 2.16% | 2.23% | 2.28% | 2.29% | 2.57% |
Toulon | 1.51% | 2.01% | 2.27% | 2.41% | 2.66% |
Wyoming | 1.45% | 2.02% | 2.21% | 2.38% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Stark County, Illinois
In Stark County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Stark County Appraisal District. The assessed value, however, 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. Assessment notices in Stark County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Stark County is $6,233 in Speer, while the lowest is $2,235 in Buda. Being aware of these valuation processes in Stark County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Stark County Assessed Value
$143,110
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stark County, Illinois
City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bradford | $37,456 | $86,067 | $149,866 | $224,230 | $324,302 |
Buda | $90,213 | $98,628 | $112,653 | $126,678 | $135,093 |
Galva | $107,180 | $112,628 | $128,382 | $139,260 | $212,390 |
Kewanee | $91,127 | $161,230 | $262,278 | $279,472 | $336,551 |
La Fayette | $39,978 | $95,709 | $168,411 | $252,546 | $345,138 |
Laura | $55,685 | $102,852 | $138,387 | $200,268 | $249,535 |
Neponset | $50,926 | $97,581 | $146,804 | $291,465 | $339,108 |
Princeville | $49,094 | $104,919 | $239,577 | $301,836 | $353,350 |
Speer | $97,317 | $179,265 | $285,609 | $320,391 | $371,028 |
Toulon | $28,183 | $70,912 | $130,330 | $228,179 | $337,762 |
Wyoming | $33,363 | $79,653 | $132,417 | $260,771 | $400,906 |
Source: Ownwell
Property Tax Bills Across Stark County, Illinois
In Stark County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final amount, including the property’s location, size, and any applicable exemptions. For example, the median home price in Stark County is $143,110. Homeowners at the 25th percentile pay around $1,455 in property taxes, while those at the 75th percentile face a tax bill of approximately $5,375. At the 90th percentile, the tax bill can reach up to $7,691. Comparatively, the national median property tax rate is 0.99%, highlighting the variability within the county. The city of Speer has the highest median tax bill at $6,233, whereas Buda has the lowest at $2,235. These variations significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Stark County Tax Bill
$2,919
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Stark County, Illinois
City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bradford | $381 | $1,573 | $3,007 | $4,558 | $6,685 |
Buda | $1,813 | $1,972 | $2,235 | $2,499 | $2,657 |
Galva | $2,147 | $2,234 | $2,655 | $3,418 | $4,969 |
Kewanee | $1,684 | $3,594 | $5,368 | $5,927 | $7,359 |
La Fayette | $380 | $1,806 | $3,716 | $5,216 | $8,264 |
Laura | $1,235 | $2,016 | $2,366 | $4,124 | $5,647 |
Neponset | $1,101 | $1,908 | $3,296 | $6,205 | $7,188 |
Princeville | $610 | $1,912 | $5,517 | $6,504 | $7,492 |
Speer | $1,374 | $4,069 | $6,233 | $7,319 | $8,037 |
Toulon | $241 | $1,163 | $2,703 | $5,032 | $7,515 |
Wyoming | $428 | $1,470 | $2,781 | $5,536 | $8,287 |
Source: Ownwell