Fithian, Vermilion County, Illinois Property Taxes
Median Fithian, IL effective property tax rate: 2.46%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Fithian, IL home value: $111,291
Median annual Fithian, IL tax bill: $2,548, $148 higher than the national median property tax bill of $2,400.
How are property taxes in Vermilion calculated?
Property taxes in Fithian, 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 Fithian’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fithian, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fithian, Vermilion County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.46%
Estimate Property Tax Bill
$2,738
$2,541
Property Tax Rates Across Fithian, Vermilion County, Illinois
Local government entities determine tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its necessary budget 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 votes and laws play a role in setting tax rates and budgets, this is essentially how it works each year.
In Fithian, located in Vermilion County, the effective property tax rate stands out when compared to other cities in Illinois and even across the United States. The median property tax rate in Illinois is considerably higher than the national median of 1.02%. This means that homeowners in Fithian may find themselves paying more in property taxes compared to the national average. Understanding these rates is crucial for property owners seeking to manage their expenses effectively. By being aware of how these rates are determined and how they compare to other areas, residents can make informed decisions about property tax appeals and 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 Fithian Tax Rate
2.46%
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 Fithian, Vermilion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61844 | 1.65% | 2.16% | 2.46% | 2.73% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Fithian, Vermilion County, Illinois
When examining property taxes in Fithian, 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 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 Fithian.
For example, the median home price in Fithian is $111,291, with tax bills ranging significantly across the county. ZIP code 61844 has the highest median home price at $111,291.
Property Tax Assessment Values Across Fithian, Vermilion County, Illinois
Source: Ownwell
$28,646
$72,481
$116,316
Median Fithian Market Value
$111,291
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 Fithian, Vermilion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61844 | $35,752 | $69,216 | $111,291 | $156,807 | $242,072 |
Source: Ownwell
Property Tax Bills Across Fithian, Vermilion County, Illinois
Median Fithian Tax Bill
$2,548
Median Vermilion County Tax Bill
$1,325
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Fithian, Vermilion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61844 | $725 | $1,473 | $2,548 | $3,891 | $6,212 |
Source: Ownwell