Armington, Tazewell County, Illinois Property Taxes

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

Median Armington, IL effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Armington, IL home value: $96,495
Median annual Armington, IL tax bill: $2,189, $211 lower than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Armington, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$2,239

$2,077

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

Property Tax Rates Across Armington, Tazewell County, Illinois

Local government entities determine tax rates, which can significantly differ within a state. Each year, counties calculate their necessary budget for public services and divide it by the total value of all taxable properties in their area. This calculation establishes the property tax rate. While voting and legislation play roles in setting tax rates and budgets, this is essentially the yearly process. In Armington, within Tazewell County, the effective property tax rate stands out compared to other cities in Illinois. With a median property tax rate of 2.32%, Armington's rate is notably higher than the national median of 1.02%. This places a considerable burden on homeowners, as the national median property tax bill is $2,400. Understanding these differences can help homeowners make informed decisions about property investments and financial planning. Armington's property tax rate is among the highest in Illinois, with no variation across its ZIP codes, emphasizing the importance of staying informed about local tax policies and their implications.

Property Tax Rates Across Armington, Tazewell County, Illinois

Source: Ownwell

1.96%

2.38%

2.80%

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 Armington Tax Rate

2.32%

Median Effective Tazewell County Tax Rate

2.46%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Armington, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61721	1.70%	2.04%	2.32%	2.52%	2.94%

Source: Ownwell

Property Tax Assessment Values Across Armington, Tazewell County, Illinois

When examining property taxes in Armington, 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 Tazewell 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.

In Tazewell 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 Armington. For example, the median home price in Armington is $96,495, with tax bills ranging significantly across the county. Zip code 61721 has the highest median home price at $96,495.

Property Tax Assessment Values Across Armington, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Armington Market Value

$96,495

Median Tazewell County Market Value

$127,050

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Armington, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61721	$41,895	$61,852	$96,495	$143,948	$232,254

Source: Ownwell

Property Tax Bills Across Armington, Tazewell County, Illinois

In the city of Armington, located in Tazewell County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Armington experience a median property tax bill of $2,189, which is slightly below the national median of $2,400. Factors such as the home's location, size, and improvements can influence assessments, impacting tax bills. The tax bill can range significantly, with the 25th percentile at $1,232 and the 75th percentile at $3,229, while the top 10% of tax bills can reach $5,571. These variations highlight the importance of accurate assessments. Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By ensuring that properties are assessed fairly, Ownwell can help reduce the financial burden on homeowners, providing peace of mind and potential savings. With expert guidance, homeowners can navigate the complexities of property tax assessments and secure a more favorable tax outcome.

Property Tax Bills Across Armington, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Armington Tax Bill

$2,189

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Armington, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61721	$797	$1,232	$2,189	$3,229	$5,571

Source: Ownwell