Allerton, Vermilion County, Illinois Property Taxes

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

Median Allerton, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Allerton, IL home value: $67,294
Median annual Allerton, IL tax bill: $1,471, $929 lower than the national median property tax bill of $2,400.

How are property taxes in Vermilion calculated?

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

Last Updated March 1, 2025

Allerton, Vermilion County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$1,608

$1,492

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

Property Tax Rates Across Allerton, Vermilion County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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 Allerton’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Allerton, Vermilion County, Illinois

Source: Ownwell

2.05%

2.46%

2.86%

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 Allerton Tax Rate

2.39%

Median Effective Vermilion County Tax Rate

2.53%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Allerton, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61810	1.12%	1.69%	2.39%	2.80%	2.85%

Source: Ownwell

Property Tax Assessment Values Across Allerton, Vermilion County, Illinois

When examining property taxes in Allerton, 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 Vermilion 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 Vermilion 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 Allerton.

For example, the median home price in Allerton is $67,294, with tax bills ranging significantly across the county. Zip code 61810 has the highest median home price at $67,294.

Property Tax Assessment Values Across Allerton, Vermilion County, Illinois

Source: Ownwell

$28,646

$72,481

$116,316

Median Allerton Market Value

$67,294

Median Vermilion County Market Value

$59,223

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Allerton, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61810	$20,575	$41,575	$67,294	$123,723	$240,037

Source: Ownwell

Property Tax Bills Across Allerton, Vermilion County, Illinois

In Allerton, located in Vermilion County, IL, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, and local authorities apply a tax rate to this assessed value to calculate the tax bill. In Allerton, the median home price is $67,294, and the property tax rate results in a median tax bill of $1,471. This is below the national median property tax bill of $2,400, providing some relief to homeowners. However, tax bills can vary significantly, with the 25th percentile at $663 and the 90th percentile reaching $6,252. High property taxes can be a burden, but Ownwell offers a solution by providing property tax appeal and exemption services. With expertise in navigating the complexities of property tax assessments, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay what is fair. This service can lead to significant savings, making homeownership more affordable in Allerton.

Property Tax Bills Across Allerton, Vermilion County, Illinois

Source: Ownwell

$561

$1,728

$2,894

Median Allerton Tax Bill

$1,471

Median Vermilion County Tax Bill

$1,325

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Allerton, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61810	$330	$663	$1,471	$2,961	$6,252

Source: Ownwell