Minier, Tazewell County, Illinois Property Taxes

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

Median Minier, IL effective property tax rate: 2.54%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Minier, IL home value: $120,480
Median annual Minier, IL tax bill: $3,025, $625 higher than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Minier, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.54%

Estimate Property Tax Bill

$3,060

$2,840

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

Local government entities set tax rates, which can vary widely within a state. 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.

In Minier, located in Tazewell County, Illinois, property tax rates reflect the local government's budgetary needs and the assessed value of properties. With a median property tax rate of 2.54%, Minier's rate is notably higher than the national median property tax rate of 1.02%. This difference highlights the variability in property tax rates across the country, influenced by local financial requirements and property values. The effective property tax rate in Minier is consistent with the highest and lowest median rates in Illinois, indicating a uniformity in tax assessments within this locality. Understanding these rates helps property owners anticipate their annual tax liabilities and underscores the importance of property tax appeals and exemptions in managing these costs.

Property Tax Rates Across Minier, 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 Minier Tax Rate

2.54%

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 Minier, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61759	2.01%	2.28%	2.54%	2.67%	3.07%

Source: Ownwell

Property Tax Assessment Values Across Minier, Tazewell County, Illinois

When examining property taxes in Minier, 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 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 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 Minier.

For example, the median home price in Minier is $120,480, with tax bills ranging significantly across the county. ZIP code 61759 has the highest median home price at $120,480.

Property Tax Assessment Values Across Minier, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Minier Market Value

$120,480

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 Minier, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61759	$64,140	$90,420	$120,480	$152,475	$209,700

Source: Ownwell

Property Tax Bills Across Minier, Tazewell County, Illinois

In Minier, IL, within Tazewell County, property tax bills are calculated based on the assessed value of a property, typically a percentage of its market value. The median home price here is $120,480, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and local levies influence the final amount. Homeowners in Minier face a median tax bill of $3,025, which is significantly higher than the national median of $2,400. For those at the upper end, tax bills can reach up to $5,432, reflecting the variability in property assessments and local tax rates. This can be a substantial financial burden for homeowners. Ownwell can assist by reviewing property assessments to identify potential discrepancies or overvaluations. Through expert guidance and appeal services, homeowners can potentially lower their tax liabilities, ensuring they pay only their fair share. This strategic approach not only reduces expenses but also provides peace of mind.

Property Tax Bills Across Minier, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Minier Tax Bill

$3,025

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Minier, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61759	$1,384	$2,156	$3,025	$3,906	$5,432

Source: Ownwell