Toulon, Stark County, Illinois Property Taxes

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

Median Toulon, IL effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Toulon, IL home value: $130,330
Median annual Toulon, IL tax bill: $2,703, $303 higher than the national median property tax bill of $2,400.

How are property taxes in Stark County calculated?

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

Last Updated March 1, 2025

Toulon, Stark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.27%

Estimate Property Tax Bill

$2,958

$2,745

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

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

In Toulon, located in Stark County, IL, the effective property tax rate stands at 2.27%. This rate is significantly higher than the national median property tax rate of 1.02%. When comparing Toulon's rate to the national median property tax bill of $2,400, the local tax burden reflects a higher percentage of property value. This can be attributed to the specific budgetary needs and property values within Stark County. Such a rate highlights the importance of understanding local tax dynamics, as it can vary greatly even within a single state. Whether you're a homeowner or considering purchasing property in Toulon, being informed about these rates can guide financial planning and investment decisions.

Property Tax Rates Across Toulon, 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 Toulon Tax Rate

2.27%

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 Toulon, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61483	1.51%	2.01%	2.27%	2.41%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Toulon, Stark County, Illinois

When examining property taxes in Toulon, 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 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 Stark County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Toulon. For example, the median home price in Toulon is $130,330, with tax bills ranging significantly across the county. 61483 has the highest median home price at $130,330.

Property Tax Assessment Values Across Toulon, Stark County, Illinois

Source: Ownwell

$130,330

$207,970

$285,609

Median Toulon Market Value

$130,330

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 Toulon, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61483	$28,183	$70,912	$130,330	$228,179	$337,762

Source: Ownwell

Property Tax Bills Across Toulon, Stark County, Illinois

In Toulon, Stark County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $130,330, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is $1,163, while the 75th percentile reaches $5,032, and the 90th percentile climbs to $7,515. This range indicates the variability in tax burdens depending on property assessments and local tax rates. The median tax bill in Toulon is $2,703, which is above the national median of $2,400, suggesting a higher-than-average property tax burden for homeowners. Ownwell can assist homeowners by reviewing their property assessments and identifying opportunities for appeals or exemptions. By leveraging their expertise, homeowners can potentially reduce their property tax bills, ensuring they pay only their fair share and alleviating financial pressures.

Property Tax Bills Across Toulon, Stark County, Illinois

Source: Ownwell

$2,703

$4,468

$6,233

Median Toulon Tax Bill

$2,703

Median Stark County Tax Bill

$2,919

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Toulon, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61483	$241	$1,163	$2,703	$5,032	$7,515

Source: Ownwell