Marquette Heights, Tazewell County, Illinois Property Taxes

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

Median Marquette Heights, 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 Marquette Heights, IL home value: $98,100
Median annual Marquette Heights, IL tax bill: $2,221, $179 lower than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Marquette Heights, 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

$2,276

$2,112

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services and dividing 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. Marquette Heights in Tazewell County, Illinois, is a prime example of how property tax rates can differ, even within a single state. The effective property tax rate in Marquette Heights reflects the county's budgetary needs and the total assessed value of properties. Interestingly, Marquette Heights shares the same property tax rate with other areas in the state, which is significantly higher than the national median property tax rate of 1.02%. By understanding these local differences, property owners can better navigate their tax obligations and potentially explore opportunities for appealing their assessments or seeking exemptions.

Property Tax Rates Across Marquette Heights, 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 Marquette Heights 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 Marquette Heights, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61554	1.74%	2.15%	2.32%	2.47%	2.77%

Source: Ownwell

Property Tax Assessment Values Across Marquette Heights, Tazewell County, Illinois

When examining property taxes in Marquette Heights, 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.

Assessment notices: 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 Marquette Heights.

For example, the median home price in Marquette Heights is $98,100, with tax bills ranging significantly across the county. Zip code 61554 has the highest median home price at $98,100.

Property Tax Assessment Values Across Marquette Heights, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Marquette Heights Market Value

$98,100

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 Marquette Heights, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61554	$72,888	$80,250	$98,100	$116,625	$138,168

Source: Ownwell

Property Tax Bills Across Marquette Heights, Tazewell County, Illinois

In Marquette Heights, located in Tazewell County, Illinois, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Local tax rates are then applied to this assessed value to determine the final tax bill. The median home price in the area is $98,100, leading to varying tax bills depending on the home's assessed value and applicable rates. For example, the 25th percentile tax bill is $1,751, while the 75th percentile reaches $2,788, and the 90th percentile is $3,390. These figures highlight the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400.

Ownwell can assist homeowners in Marquette Heights by identifying opportunities to appeal their property tax assessments, potentially lowering their tax bills. Our expertise in property tax appeals and exemptions can help ensure homeowners are not overpaying, providing a significant financial benefit. By leveraging our services, homeowners can navigate the complexities of property taxes more effectively and achieve potential savings.

Property Tax Bills Across Marquette Heights, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Marquette Heights Tax Bill

$2,221

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Marquette Heights, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61554	$1,392	$1,751	$2,221	$2,788	$3,390

Source: Ownwell