Nashville, Washington County, Illinois Property Taxes
Median Nashville, IL effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Nashville, IL home value: $44,656
Median annual Nashville, IL tax bill: $830, $1,570 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Nashville, 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 Nashville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nashville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nashville, Washington County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.64%
Estimate Property Tax Bill
$1,179
$1,094
Property Tax Rates Across Nashville, Washington County, Illinois
Local government entities determine property tax rates, which can significantly differ across a state. This variation is due to each county's annual calculation of its required budget to provide services, divided by the total value of all taxable property in its area. This process establishes the property tax rate. Although votes and legislative measures play a role in setting these rates and budgets, this is the core of the annual procedure.
In Nashville, located in Washington County, Illinois, the effective property tax rate is notably higher than the national median. Illinois, with a median property tax rate of 2.64%, stands out for its substantially higher rates compared to the national median of 1.02%. This places Illinois among the states with the highest property tax rates in the nation. For residents, this means property tax bills can be considerably higher than the national median bill of $2400. Understanding these rates and how they compare can be crucial for property owners looking to manage their tax liabilities effectively.
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 Nashville Tax Rate
2.64%
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 Washington County Tax Rate
2.25%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nashville, Washington County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62263 | 1.29% | 1.78% | 2.64% | 2.97% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Nashville, Washington County, Illinois
When examining property taxes in Nashville, 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 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 Nashville. For example, the median home price in Nashville is $44,656, with tax bills ranging significantly across the county. Zip code 62263 has the highest median home price at $44,656.
Property Tax Assessment Values Across Nashville, Washington County, Illinois
Source: Ownwell
$22,533
$36,993
$51,452
Median Nashville Market Value
$44,656
Median Washington County Market Value
$38,358
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nashville, Washington County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62263 | $4,466 | $12,097 | $44,656 | $66,280 | $90,711 |
Source: Ownwell
Property Tax Bills Across Nashville, Washington County, Illinois
Median Nashville Tax Bill
$830
Median Washington County Tax Bill
$660
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Nashville, Washington County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62263 | $159 | $326 | $830 | $1,378 | $2,198 |
Source: Ownwell