Homer, Vermilion County, Illinois Property Taxes

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

Median Homer, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Homer, IL home value: $107,552
Median annual Homer, IL tax bill: $2,528, $128 higher than the national median property tax bill of $2,400.

How are property taxes in Vermilion calculated?

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

Last Updated March 1, 2025

Homer, Vermilion County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$2,764

$2,565

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Homer, located in Vermilion County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. Illinois itself has a higher median property tax rate compared to many other states. This means homeowners in Homer may face higher property tax bills than the national median of $2400. Understanding these rates is crucial for property owners who seek to manage their expenses effectively. Comparing Homer's tax rate to other cities in Illinois and the U.S. can provide valuable insights for homeowners considering a property tax appeal or exemption. By staying informed, property owners can make strategic decisions to potentially lower their tax burden.

Property Tax Rates Across Homer, 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 Homer Tax Rate

2.57%

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 Homer, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61849	1.94%	2.24%	2.57%	2.71%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Homer, Vermilion County, Illinois

When examining property taxes in Homer, 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 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 Homer. For example, the median home price in Homer is $107,552, with tax bills ranging significantly across the county. Zip code 61849 has the highest median home price at $107,552.

Property Tax Assessment Values Across Homer, Vermilion County, Illinois

Source: Ownwell

$28,646

$72,481

$116,316

Median Homer Market Value

$107,552

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 Homer, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61849	$13,899	$52,517	$107,552	$166,760	$275,798

Source: Ownwell

Property Tax Bills Across Homer, Vermilion County, Illinois

In Homer, located in Vermilion County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $107,552, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the overall tax bill. For instance, tax bills in Homer range from $865 at the 25th percentile to $5,652 at the 90th percentile, with a median bill of $2,528. This median tax bill is slightly above the national median of $2,400, indicating a higher property tax burden for some homeowners in the area. Ownwell offers property tax appeal and exemption services to help homeowners potentially reduce their tax bills. By analyzing your property's assessed value and ensuring it reflects its true market value, Ownwell can assist in securing a fair tax assessment, providing potential savings on your property tax expenses.

Property Tax Bills Across Homer, Vermilion County, Illinois

Source: Ownwell

$561

$1,728

$2,894

Median Homer Tax Bill

$2,528

Median Vermilion County Tax Bill

$1,325

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Homer, Vermilion County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61849	$305	$865	$2,528	$3,937	$5,652

Source: Ownwell