Richview, Washington County, Illinois Property Taxes

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

Median Richview, IL effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Richview, IL home value: $38,266
Median annual Richview, IL tax bill: $622, $1,778 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Richview, Washington County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$807

$749

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

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides 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 Richview’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Richview, located in Washington County, reflects an effective property tax rate of 2.11%, which is notably higher than the national median property tax rate of 1.02%. This rate places Richview among the highest in Illinois, where property tax rates can often surpass the national average. Illinois's median property tax bill is also significantly higher than the national median of $2,400. For property owners in Richview, understanding these figures is crucial for financial planning and exploring potential property tax appeal opportunities. These comparisons highlight the importance of being informed about local property tax rates and how they stack up against broader state and national figures.

Property Tax Rates Across Richview, 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 Richview Taxx Rate

2.11%

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 Richview, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62877	0.83%	1.55%	2.11%	3.06%	3.06%

Source: Ownwell

Property Tax Assessment Values Across Richview, Washington County, Illinois

When examining property taxes in Richview, 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 Richview.

For example, the median home price in Richview is $38,266, with tax bills ranging significantly across the county. Zip code 62877 has the highest median home price at $38,266.

Property Tax Assessment Values Across Richview, Washington County, Illinois

Source: Ownwell

$22,533

$36,993

$51,452

Median Richview Market Value

$38,266

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 Richview, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62877	$6,239	$15,872	$38,266	$58,762	$74,897

Source: Ownwell

Property Tax Bills Across Richview, Washington County, Illinois

In Richview, Washington County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors like local government budgets and public service funding needs significantly influence the tax rate, directly impacting homeowners. In Richview, the median property tax bill is $622, considerably lower than the national median of $2,400. However, even within the city, tax bills can vary widely, from the 25th percentile at $242 to the 90th percentile at $1,419. This disparity can pose challenges for homeowners, especially if their property is over-assessed. Ownwell offers valuable support by providing property tax appeal services, helping homeowners ensure their property assessments are fair. By leveraging expert knowledge and data-driven insights, Ownwell can assist homeowners in potentially reducing their tax bills, offering peace of mind and financial relief.

Property Tax Bills Across Richview, Washington County, Illinois

Source: Ownwell

$294

$643

$991

Median Richview Tax Bill

$622

Median Washington County Tax Bill

$660

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Richview, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62877	$68	$242	$622	$1,226	$1,419

Source: Ownwell