Neponset, Stark County, Illinois Property Taxes

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

Median Neponset, IL effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Neponset, IL home value: $146,804
Median annual Neponset, IL tax bill: $3,296, $896 higher than the national median property tax bill of $2,400.

How are property taxes in Stark County calculated?

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

Last Updated March 1, 2025

Neponset, Stark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$3,098

$2,874

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

Property Tax Rates Across Neponset, Stark County, Illinois

Local government entities are responsible for setting property tax rates, which can differ significantly across different regions within a state. This variation is due to each county's annual process of estimating the budget needed to provide essential services. The total budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. While the process involves votes and legal frameworks, this is the fundamental approach to determining property taxes annually. In Neposet, located in Stark County, Illinois, the effective property tax rate stands out when compared to other cities in the state. Illinois has a median property tax rate of 2.11%, which is notably higher than the national median of 1.02%. This highlights the importance of understanding how local tax rates can impact property owners. By comparing Neposet’s effective property tax rate to other areas within Illinois and the national average, property owners can better comprehend their tax obligations and explore potential savings through appeals and exemptions.

Property Tax Rates Across Neponset, 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 Neponset Tax Rate

2.11%

Median Effective Stark County Tax Rate

2.20%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Neponset, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61345	1.75%	2.02%	2.11%	2.25%	2.29%

Source: Ownwell

Property Tax Assessment Values Across Neponset, Stark County, Illinois

When examining property taxes in Neponset, 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 Stark 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.

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 Neponset.

For example, the median home price in Neponset is $146,804, with tax bills ranging significantly across the county. The 61345 zip code has the highest median home price at $146,804.

Property Tax Assessment Values Across Neponset, Stark County, Illinois

Source: Ownwell

$130,330

$207,970

$285,609

Median Neponset Market Value

$146,804

Median Stark County Market Value

$143,110

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Neponset, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61345	$50,926	$97,581	$146,804	$291,465	$339,108

Source: Ownwell

Property Tax Bills Across Neponset, Stark County, Illinois

In the city of Neponset, located in Stark County, IL, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to calculate the property tax bill. For homeowners in Neponset, the median home price is $146,804, and the property tax bill can vary significantly, with the 25th percentile at $1,908 and the 75th percentile reaching $6,205. This range indicates that property taxes can be a substantial financial consideration for homeowners. While the national median property tax rate is 1.02%, homeowners in Neponset may experience different rates depending on local policies and assessments. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially lowering tax bills. By leveraging expertise in property tax assessments, Ownwell helps ensure that homeowners are not overpaying and can benefit from any applicable exemptions or reductions, ultimately saving them money.

Property Tax Bills Across Neponset, Stark County, Illinois

Source: Ownwell

$2,703

$4,468

$6,233

Median Neponset Tax Bill

$3,296

Median Stark County Tax Bill

$2,919

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Neponset, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61345	$1,101	$1,908	$3,296	$6,205	$7,188

Source: Ownwell