Mill Shoals, White County, Illinois Property Taxes

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

Median Mill Shoals, IL effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mill Shoals, IL home value: $37,504
Median annual Mill Shoals, IL tax bill: $549, $1,851 lower than the national median property tax bill of $2,400.

How are property taxes in White County calculated?

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

Last Updated March 1, 2025

Mill Shoals, White County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.86%

Estimate Property Tax Bill

$698

$647

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

Property Tax Rates Across Mill Shoals, White County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Mill Shoals’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Mill Shoals, located in White County, has an effective property tax rate of 1.86%. This is significantly higher than the national median property tax rate of 1.02%. Comparatively, the national median property tax bill is $2,400, which can be a useful benchmark when considering property taxes in Mill Shoals. The consistency in rates across the region means that Mill Shoals shares its tax rate with other areas in the state, making it both the highest and lowest in its immediate vicinity. Understanding these rates can provide valuable insights for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Mill Shoals, White County, Illinois

Source: Ownwell

1.59%

1.94%

2.28%

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 Mill Shoals Tax Rate

1.86%

Median Effective White County Tax Rate

1.88%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mill Shoals, White County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62862	0.66%	1.25%	1.86%	2.47%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Mill Shoals, White County, Illinois

When examining property taxes in Mill Shoals, 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 White 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 White 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 Mill Shoals.

For example, the median home price in Mill Shoals is $37,504, with tax bills ranging significantly across the county. Zip code 62862 has the highest median home price at $37,504.

Property Tax Assessment Values Across Mill Shoals, White County, Illinois

Source: Ownwell

$16,317

$37,758

$59,198

Median Mill Shoals Market Value

$37,504

Median White County Market Value

$52,311

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mill Shoals, White County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62862	$5,769	$16,943	$37,504	$67,343	$112,817

Source: Ownwell

Property Tax Bills Across Mill Shoals, White County, Illinois

In Mill Shoals, located in White County, IL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. Typically, the assessed value is a percentage of the market value, and local tax rates are applied to this assessed value to determine the tax bill. In Mill Shoals, homeowners experience a range of property tax bills, with the 25th percentile at $185 and the 75th percentile at $1,141. The 90th percentile tax bill can go as high as $2,016. Comparatively, the national median property tax bill stands at $2,400, indicating that Mill Shoals generally has lower tax bills. However, for homeowners in Mill Shoals, these taxes can still represent a significant financial burden. Ownwell can assist by reviewing property assessments to ensure they are fair and accurate, potentially lowering the assessed value and, consequently, the tax bill. This service can lead to substantial savings for homeowners, ensuring they only pay what is truly necessary.

Property Tax Bills Across Mill Shoals, White County, Illinois

Source: Ownwell

$217

$630

$1,042

Median Mill Shoals Tax Bill

$549

Median White County Tax Bill

$910

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mill Shoals, White County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62862	$90	$185	$549	$1,141	$2,016

Source: Ownwell