Creve Coeur, Tazewell County, Illinois Property Taxes

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

Median CREVE COEUR, IL effective property tax rate: 2.41%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median CREVE COEUR, IL home value: $71,550
Median annual CREVE COEUR, IL tax bill: $1,678, $722 lower than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Creve Coeur, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.41%

Estimate Property Tax Bill

$1,724

$1,600

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

Property Tax Rates Across Creve Coeur, Tazewell County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Creve Coeur, located in Tazewell County, IL, the effective property tax rate is particularly noteworthy. With a median tax rate of 2.41%, it stands out compared to the national median of 1.02%. This means homeowners in Creve Coeur may face higher property tax bills than the national average. The median property tax rate in Illinois is also higher than the national median, reflecting the state's approach to managing local budgets and services.

However, it's essential for property owners to understand that these rates are not static. They can change annually based on the county's budgetary needs and the total assessed value of properties. For homeowners, appealing property taxes or seeking exemptions can be a viable strategy to manage tax liabilities effectively.

Property Tax Rates Across Creve Coeur, 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 Creve Coeur Tax Rate

2.41%

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 Creve Coeur, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61610	1.52%	2.01%	2.41%	2.85%	3.14%

Source: Ownwell

Property Tax Assessment Values Across Creve Coeur, Tazewell County, Illinois

When examining property taxes in Creve Coeur, 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 Tazewell County Tax Assessor 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 Creve Coeur.

For example, the median home price in Creve Coeur is $71,550, with tax bills ranging significantly across the county. ZIP code 61610 has the highest median home price at $71,550.

Property Tax Assessment Values Across Creve Coeur, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Creve Coeur Market Value

$71,550

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 Creve Coeur, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61610	$39,588	$54,705	$71,550	$92,805	$120,612

Source: Ownwell

Property Tax Bills Across Creve Coeur, Tazewell County, Illinois

In Creve Coeur, Tazewell County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as local tax levies and district-specific rates also influence the final bill. In Creve Coeur, the median property tax bill is $1,678, which is below the national median of $2,400. However, bills can vary significantly, with the 25th percentile at $1,153 and the 90th percentile reaching $3,133. Such variability can impact homeowners' financial planning and budgeting. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and local data, Ownwell helps reduce property tax bills, providing homeowners with peace of mind and potential savings.

Property Tax Bills Across Creve Coeur, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Creve Coeur Tax Bill

$1,678

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Creve Coeur, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61610	$715	$1,153	$1,678	$2,327	$3,133

Source: Ownwell