Catlin, Vermilion County, Illinois Property Taxes
Median Catlin, IL effective property tax rate: 2.60%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Catlin, IL home value: $115,995
Median annual Catlin, IL tax bill: $2894, $494 higher than the national median property tax bill of $2,400.
How are property taxes in Vermilion County calculated?
Property taxes in Catlin, 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 Catlin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Catlin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Catlin, Vermilion County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.6%
Estimate Property Tax Bill
$3,016
$2,799
Property Tax Rates Across Catlin, Vermilion County, Illinois
Local government entities determine property tax rates, which can significantly vary even within a single state. This variation occurs because each county, like Vermilion County, estimates its necessary budget to provide essential services annually. They then divide this budget by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process each year.
In Catlin, located in Vermilion County, Illinois, the effective property tax rate is 2.60%, which is notably higher than the national median of 1.02%. This rate is consistent throughout Vermilion County, as both the highest and lowest median tax rates are the same. When compared to the national median property tax bill of $2400, residents in Catlin experience a higher tax burden. Understanding these rates in the context of the state and national figures can help property owners make informed decisions about tax appeals or exemptions.
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 Catlin Tax Rate
2.60%
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 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 Catlin, Vermilion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61817 | 1.55% | 2.30% | 2.60% | 2.87% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Catlin, Vermilion County, Illinois
When examining property taxes in Catlin, 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 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 Catlin.
For example, the median home price in Catlin is $115,995, with tax bills ranging significantly across the county. The zip code 61817 has the highest median home price at $115,995.
Property Tax Assessment Values Across Catlin, Vermilion County, Illinois
Source: Ownwell
$28,646
$72,481
$116,316
Median Catlin Market Value
$115,995
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 Catlin, Vermilion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61817 | $54,997 | $84,696 | $115,995 | $154,881 | $206,784 |
Source: Ownwell
Property Tax Bills Across Catlin, Vermilion County, Illinois
In Catlin, located in Vermilion County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $115,995, which influences the assessed value used to calculate the tax bill. Factors such as property improvements and neighborhood market trends can also impact the assessed value. Homeowners in Catlin face varying tax bills, with the 25th percentile at $1,815 and the 75th percentile reaching $4,069. The 90th percentile tax bill can go as high as $5,775, significantly affecting household budgets compared to the national median property tax bill of $2,400.
Ownwell assists homeowners in Catlin by offering expert property tax appeal services to ensure they are not overpaying. By analyzing individual property assessments and market conditions, Ownwell identifies opportunities for tax reductions. Through this service, homeowners can potentially lower their tax bills, easing the financial burden and aligning more closely with the national median property tax rate of 1.02%.
Median Catlin Tax Bill
$2,894
Median Vermilion County Tax Bill
$1,325
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Catlin, Vermilion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61817 | $1,053 | $1,815 | $2,894 | $4,069 | $5,775 |
Source: Ownwell