Dahlgren, Illinois Property Taxes
The median property tax rate in Dahlgren, IL is 1.78%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Dahlgren, the typical annual property tax bill reaches $1,589, which is below the national median of $2,690. Property taxes in Dahlgren are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Dahlgren's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dahlgren or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dahlgren, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$1,511
$1,402
Ownwell’s Dahlgren Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dahlgren with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dahlgren to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dahlgren, Illinois
Property taxes in Dahlgren, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dahlgren is 1.78%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Dahlgren set these rates annually, and they can vary across different neighborhoods. Each year, Dahlgren estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dahlgren's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62828 has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these areas compare with Dahlgren provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dahlgren Tax Rate
1.78%
Average Wayne County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dahlgren, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62828 | 0.83% | 1.24% | 1.78% | 2.10% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Dahlgren, Illinois
In Dahlgren, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Dahlgren, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dahlgren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wayne County, the median home price is $84,891, with tax bills ranging from $512 at the 25th percentile to $4,393 at the 90th percentile. The highest and lowest median tax bills are both $1,589 in zip code 62828.
Average Dahlgren Assessed Value
$84,891
Average Wayne County Assessed Value
$66,714
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dahlgren, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62828 | $28,473 | $40,144 | $84,891 | $172,411 | $207,412 |
Source: Ownwell
Property Tax Bills Across Dahlgren, Illinois
In Dahlgren, located in Wayne County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Dahlgren is $84,891. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners in Dahlgren, the tax bills can vary significantly. At the 25th percentile, the tax bill is around $512, while at the 75th percentile, it rises to $3,618. For those at the 90th percentile, the tax bill can reach up to $4,393. This wide range reflects the diversity in property values and assessments within the area. Compared to the national median property tax rate of 0.99%, residents in Dahlgren may find their tax bills to be relatively moderate, which can impact their overall cost of homeownership and financial planning.
Average Dahlgren Tax Bill
$1,589
Average Wayne County Tax Bill
$1,458
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Dahlgren, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62828 | $252 | $512 | $1,589 | $3,618 | $4,393 |
Source: Ownwell