Green Valley, Tazewell County, Illinois Property Taxes

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

Median Green Valley, IL effective property tax rate: 2.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Green Valley, IL home value: $126,060
Median annual Green Valley, IL tax bill: $2,544, $144 higher than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Green Valley, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.03%

Estimate Property Tax Bill

$2,559

$2,375

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

Local government entities set tax rates, which can vary widely within Illinois. This variability arises because each county annually estimates its required budget to provide essential 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 Green Valley’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Green Valley, located in Tazewell County, has a median property tax rate of 2.03%, which stands out when compared to the national median property tax rate of 1.02%. This means homeowners in Green Valley are likely paying a higher percentage of their property's assessed value in taxes compared to the national average. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions, ultimately leading to potential savings.

Property Tax Rates Across Green Valley, 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 Green Valley Tax Rate

2.03%

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 Green Valley, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61534	1.54%	1.83%	2.03%	2.15%	2.48%

Source: Ownwell

Property Tax Assessment Values Across Green Valley, Tazewell County, Illinois

When examining property taxes in Green Valley, 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 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 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 Green Valley.

For example, the median home price in Green Valley is $126,060, with tax bills ranging significantly across the county. Zip code 61534 has the highest median home price at $126,060.

Property Tax Assessment Values Across Green Valley, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Green Valley Market Value

$126,060

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 Green Valley, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61534	$61,170	$89,858	$126,060	$168,540	$215,040

Source: Ownwell

Property Tax Bills Across Green Valley, Tazewell County, Illinois

Property tax bills in Green Valley, located in Tazewell County, IL, 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. In Green Valley, the median home price is $126,060, and property tax bills can range significantly. Homeowners at the 25th percentile pay around $1,679, while those at the 75th percentile face bills of approximately $3,494. Top earners in the 90th percentile encounter bills as high as $4,495. These figures illustrate how property taxes can vary widely depending on the property's assessed value and the local tax rate. Homeowners in Green Valley, where the median tax bill is $2,544, slightly above the national median of $2,400, can benefit from Ownwell's expertise. By analyzing property assessments and identifying potential savings, Ownwell helps homeowners reduce their property tax liabilities, ensuring they pay only their fair share.

Property Tax Bills Across Green Valley, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Green Valley Tax Bill

$2,544

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Green Valley, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61534	$1,012	$1,679	$2,544	$3,494	$4,495

Source: Ownwell