Armstrong, Vermilion County, Illinois Property Taxes

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

Median Armstrong, IL effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Armstrong, IL home value: $80,406
Median annual Armstrong, IL tax bill: $1,967, $433 lower than the national median property tax bill of $2,400.

How are property taxes in Vermilion calculated?

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

Last Updated March 1, 2025

Armstrong, Vermilion County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$2,034

$1,888

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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, this is the annual process in a nutshell.

In Armstrong, located in Vermilion County, Illinois, the effective property tax rate stands out when compared to other cities in the state and the nation. Illinois has a median property tax rate higher than the national median of 1.02%. Armstrong's rate mirrors the highest median tax rate within the state, reflecting the same rate as the lowest median tax rate. This consistency across the board highlights the unique tax landscape of Armstrong and Vermilion County.

Understanding these rates in the context of the national median property tax bill of $2400 can provide a clearer picture of how Armstrong compares. Exploring the nuances of these rates can help property owners make informed decisions and potentially identify opportunities for tax appeals or exemptions.

Property Tax Rates Across Armstrong, 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 Armstrong Tax Rate

2.53%

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 Armstrong, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61812	1.53%	2.05%	2.53%	2.75%	2.75%

Source: Ownwell

Property Tax Assessment Values Across Armstrong, Vermilion County, Illinois

When examining property taxes in Armstrong, 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 Armstrong. For example, the median home price in Armstrong is $80,406, with tax bills ranging significantly across the county. The zip code 61812 has the highest median home price at $80,406.

Property Tax Assessment Values Across Armstrong, Vermilion County, Illinois

Source: Ownwell

$28,646

$72,481

$116,316

Median Armstrong Market Value

$80,406

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 Armstrong, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61812	$24,460	$43,578	$80,406	$114,540	$176,622

Source: Ownwell

Property Tax Bills Across Armstrong, Vermilion County, Illinois

In Armstrong, located in Vermilion County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Armstrong is $80,406. Property tax bills can vary significantly, with the 25th percentile at $902 and the 75th percentile reaching $2,799. Homeowners in the 90th percentile face tax bills as high as $4,216. The median property tax bill in Armstrong is $1,967, which is below the national median of $2,400. This suggests that while some homeowners in Armstrong benefit from lower property tax bills, others may find their bills burdensome compared to the national average. Various factors, such as changes in property assessments and local tax rates, can impact these bills. Homeowners can potentially reduce their property tax bills with the help of Ownwell. By providing expert guidance on property tax appeals and exemptions, Ownwell assists homeowners in navigating the complexities of property taxation, ultimately helping them save money.

Property Tax Bills Across Armstrong, Vermilion County, Illinois

Source: Ownwell

$561

$1,728

$2,894

Median Armstrong Tax Bill

$1,967

Median Vermilion County Tax Bill

$1,325

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Armstrong, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61812	$376	$902	$1,967	$2,799	$4,216

Source: Ownwell