Carbondale, Illinois Property Taxes
The median property tax rate in Carbondale, IL is 2.39%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Carbondale at $86,235, the typical annual property tax bill reaches $1,820, which is below the national median of $2,690. Property taxes in Carbondale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carbondale'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 Carbondale 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
Carbondale, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$2,061
$1,913
Ownwell’s Carbondale Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Carbondale with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Carbondale to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-specific information is available further down the page. Your property’s assessed value is determined by the county for tax calculations, taking into account any exemptions that may apply.
Property Tax Rates Across Carbondale, Illinois
Property taxes in Carbondale, Illinois, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 2.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary considerably across different neighborhoods. Each year, Carbondale 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 Carbondale's effective property tax rate to other areas in Illinois and the national median. For comparison, the 62903 zip code has the highest median property tax rate of 2.61%, while the 62901 zip code has the lowest median tax rate of 2.35%. Understanding how these areas compare with Carbondale provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbondale Tax Rate
2.39%
Average Williamson County Tax Rate
2.30%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62901 | 1.87% | 2.13% | 2.35% | 2.50% | 2.50% |
| 62902 | 1.35% | 1.95% | 2.41% | 2.62% | 2.62% |
| 62903 | 2.60% | 2.60% | 2.61% | 2.62% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Illinois
In Carbondale, 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 Williamson County 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 Carbondale, 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 Carbondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill is $1,973 in the 62901 zip code, while the lowest is $528 in the 62903 zip code.
Average Carbondale Assessed Value
$86,235
Average Williamson County Assessed Value
$85,800
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbondale, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62901 | $3,210 | $15,735 | $88,755 | $197,505 | $249,405 |
| 62902 | $9,879 | $32,021 | $81,855 | $166,320 | $244,743 |
| 62903 | $5,487 | $10,972 | $20,115 | $29,258 | $34,743 |
Source: Ownwell
Property Tax Bills Across Carbondale, Illinois
In Carbondale, Williamson County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Carbondale see a wide range of tax bills depending on their property's assessed value and the local tax rate. The national median property tax rate is 0.99%, but local rates may vary. For example, the median home price in Carbondale is $86,235. Property tax bills can range significantly, with the 25th percentile at $547 and the 75th percentile at $4,000. The 90th percentile tax bill reaches up to $5,818. The highest median tax bill in the area is $1,973 in the 62901 zip code, while the lowest median tax bill is $528 in the 62903 zip code. These variations affect homeowners differently, with some paying significantly higher or lower taxes based on their property's assessed value and location within the city. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Carbondale Tax Bill
$1,820
Average Williamson County Tax Bill
$1,802
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62901 | $55 | $330 | $1,973 | $4,357 | $5,752 |
| 62902 | $186 | $637 | $1,693 | $3,652 | $6,014 |
| 62903 | $144 | $288 | $528 | $769 | $913 |
Source: Ownwell