La Fayette, Stark County, Illinois Property Taxes

Name: Property Tax Bills Across La Fayette, Stark County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median LA FAYETTE, IL effective property tax rate: 2.25%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median LA FAYETTE, IL home value: $168,411
Median annual LA FAYETTE, IL tax bill: $3,716, $1,316 higher than the national median property tax bill of $2,400.

How are property taxes in Stark calculated?

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

Last Updated March 1, 2025

La Fayette, Stark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.25%

Estimate Property Tax Bill

$3,789

$3,516

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

Property Tax Rates Across La Fayette, Stark County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides this amount by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play roles in determining these rates and budgets, this is the fundamental process.

You can compare LA FAYETTE’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. The median property tax rate in Illinois is significantly higher than the national median, with Illinois residents paying a median tax rate of 2.25%. This rate places Illinois among the states with the highest property tax burdens, as the national median property tax rate is 1.02%. Consequently, property owners in LA FAYETTE and the surrounding areas may find their property tax bills considerably higher than the national average, impacting their overall cost of living. Understanding these rates is crucial for property owners seeking to manage their expenses effectively.

Property Tax Rates Across La Fayette, Stark County, Illinois

Source: Ownwell

2.01%

2.15%

2.30%

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 La Fayette Taxx Rate

2.25%

Median Effective Stark County Taxx Rate

2.20%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across La Fayette, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61449	1.31%	2.08%	2.25%	2.47%	2.56%

Source: Ownwell

Property Tax Assessment Values Across La Fayette, Stark County, Illinois

When examining property taxes in LA FAYETTE, 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 Stark County appraisal district 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 Stark 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 LA FAYETTE. For example, the median home price in LA FAYETTE is $168,411, with tax bills ranging significantly across the county. 61449 has the highest median home price at $168,411.

Property Tax Assessment Values Across La Fayette, Stark County, Illinois

Source: Ownwell

$130,330

$207,970

$285,609

Median La Fayette Market Value

$168,411

Median Stark County Market Value

$143,110

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across La Fayette, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61449	$39,978	$95,709	$168,411	$252,546	$345,138

Source: Ownwell

Property Tax Bills Across La Fayette, Stark County, Illinois

In LA FAYETTE, homeowners face property tax bills that are determined by the assessed value of their property and the local tax rate. This process involves multiplying the assessed value by the tax rate, which is set by local authorities to fund public services. In Stark County, the median property tax bill is $3,716, significantly higher than the national median of $2,400, indicating a greater financial burden on homeowners in this region. Factors such as local government budgets, school funding requirements, and property values influence these rates. Homeowners in the area can see tax bills ranging from $1,806 at the 25th percentile to $8,264 at the 90th percentile, showing a wide variance based on property values and local assessments. Ownwell can assist homeowners in LA FAYETTE by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, offering a valuable opportunity for savings in a high-tax region.

Property Tax Bills Across La Fayette, Stark County, Illinois

Source: Ownwell

$2,703

$4,468

$6,233

Median La Fayette Tax Bill

$3,716

Median Stark County Tax Bill

$2,919

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across La Fayette, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61449	$380	$1,806	$3,716	$5,216	$8,264

Source: Ownwell