Marissa, Washington County, Illinois Property Taxes

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

Median Marissa, IL effective property tax rate: 2.19%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Marissa, IL home value: $31,754
Median annual Marissa, IL tax bill: $401, $1,999 lower than the national median property tax bill of $2,400.

How are property taxes in Washington calculated?

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

Last Updated March 1, 2025

Marissa, Washington County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.19%

Estimate Property Tax Bill

$695

$645

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

Property Tax Rates Across Marissa, Washington County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is due to each county annually estimating its required 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Marissa’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Marissa, located in Washington County, has a median property tax rate of 2.19%. This rate is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Marissa is consistent across the county, reflecting the area's budgetary requirements and property values. Understanding these rates is crucial for homeowners seeking to manage their property tax liabilities effectively. By comparing these rates, residents can gain insights into how Marissa's tax obligations align with broader state and national trends.

Property Tax Rates Across Marissa, Washington County, Illinois

Source: Ownwell

1.63%

2.40%

3.17%

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 Marissa Taxx Rate

2.19%

Median Effective Washington County Taxx Rate

2.25%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Marissa, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62257	0.76%	1.26%	2.19%	2.94%	2.95%

Source: Ownwell

Property Tax Assessment Values Across Marissa, Washington County, Illinois

When examining property taxes in Marissa, 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 Washington 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 Washington 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 Marissa. For example, the median home price in Marissa is $31,754, with tax bills ranging significantly across the county. 62257 has the highest median home price at $31,754.

Property Tax Assessment Values Across Marissa, Washington County, Illinois

Source: Ownwell

$22,533

$36,993

$51,452

Median Marissa Market Value

$31,754

Median Washington County Market Value

$38,358

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Marissa, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62257	$2,258	$14,594	$31,754	$68,096	$105,598

Source: Ownwell

Property Tax Bills Across Marissa, Washington County, Illinois

In Marissa, located in Washington County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the home's market value. Once assessed, the property tax rate set by local taxing authorities is applied to calculate the tax bill. Factors such as the home's location, size, and improvements can influence the assessed value. In Marissa, the median home price is $31,754, which results in a tax bill that can vary significantly. For instance, the tax bill at the 25th percentile is $145, while at the 75th percentile, it reaches $1,164. This variation highlights the impact of property taxes on homeowners. With the national median property tax rate at 1.02% and a median bill of $2,400, Marissa's rates provide a unique landscape. Ownwell assists homeowners by offering expert property tax appeal services, potentially reducing their tax bills and ensuring they only pay their fair share.

Property Tax Bills Across Marissa, Washington County, Illinois

Source: Ownwell

$294

$643

$991

Median Marissa Tax Bill

$401

Median Washington County Tax Bill

$660

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Marissa, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62257	$65	$145	$401	$1,164	$4,043

Source: Ownwell