Deer Creek, Tazewell County, Illinois Property Taxes

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

Median DEER CREEK, IL effective property tax rate: 2.36%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median DEER CREEK, IL home value: $124,830
Median annual DEER CREEK, IL tax bill: $3,013, $613 higher than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Deer Creek, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.36%

Estimate Property Tax Bill

$2,946

$2,734

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

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Below, you can compare Deer Creek’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Deer Creek, located in Tazewell County, has a median property tax rate of 2.36%, which is significantly higher than the national median rate of 1.02%. This places a notable tax burden on property owners in the area. Illinois itself is known for having some of the highest property tax rates in the country. Despite this, it's essential for homeowners to understand the factors that contribute to these rates and explore potential avenues for tax relief, such as appealing assessments or seeking exemptions. By staying informed and proactive, property owners can better manage their tax obligations.

Property Tax Rates Across Deer Creek, 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 Deer Creek Tax Rate

2.36%

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 Deer Creek, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61733	2.00%	2.19%	2.36%	2.54%	2.96%

Source: Ownwell

Property Tax Assessment Values Across Deer Creek, Tazewell County, Illinois

When examining property taxes in Deer Creek, 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 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 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 Deer Creek. For example, the median home price in Deer Creek is $124,830, with tax bills ranging significantly across the county. 61733 has the highest median home price at $124,830.

Property Tax Assessment Values Across Deer Creek, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Deer Creek Market Value

$124,830

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 Deer Creek, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61733	$66,285	$88,762	$124,830	$181,882	$288,120

Source: Ownwell

Property Tax Bills Across Deer Creek, Tazewell County, Illinois

In Deer Creek, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, improvements, and local government budgets influence the assessed value. For homeowners, this means that changes in market conditions or local fiscal policies can impact their tax bills significantly. In Tazewell County, where Deer Creek is located, the median property tax bill is $3,013, which is above the national median of $2,400. This can pose a financial strain on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals and securing exemptions, potentially leading to significant savings on property tax bills.

Property Tax Bills Across Deer Creek, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Deer Creek Tax Bill

$3,013

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Deer Creek, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61733	$1,525	$2,060	$3,013	$4,319	$6,183

Source: Ownwell