Stonefort, Williamson County, Illinois Property Taxes

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

Median Stonefort, IL effective property tax rate: 2.12%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Stonefort, IL home value: $63,660
Median annual Stonefort, IL tax bill: $1,121, $1,279 lower than the national median property tax bill of $2,400.

How are property taxes in Williamson County calculated?

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

Last Updated March 1, 2025

Stonefort, Williamson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.12%

Estimate Property Tax Bill

$1,350

$1,252

Ownwell’s Stonefort Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stonefort with just two data points.

By entering your property's estimated assessed value, our calculator applies Stonefort’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 Williamson County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Stonefort, Williamson County, Illinois

Local government entities determine property tax rates, which can vary significantly across a state. This variation arises because each county annually estimates its necessary budget to provide public services and divides that amount by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is the fundamental process undertaken each year.

In Stonefort, located in Williamson County, the effective property tax rate provides a unique perspective when compared to other cities in Illinois. The median property tax rate in Illinois is notably higher than the national median rate of 1.02%, reflecting the state's approach to funding local services. For homeowners in Stonefort, understanding these rates is crucial, as they directly impact annual property tax bills, which often exceed the national median bill of $2,400. By staying informed about local tax rates, property owners can better manage their financial planning and explore potential tax appeals or exemptions that may alleviate their tax burden.

Property Tax Rates Across Stonefort, Williamson County, Illinois

Source: Ownwell

1.88%

2.24%

2.59%

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 Stonefort Tax Rate

2.12%

Median Effective Williamson County Tax Rate

2.30%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Stonefort, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62987	1.01%	1.60%	2.12%	2.37%	2.49%

Source: Ownwell

Property Tax Assessment Values Across Stonefort, Williamson County, Illinois

When examining property taxes in Stonefort, 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 Williamson 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 Williamson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Stonefort. For example, the median home price in Stonefort is $63,660, with tax bills ranging significantly across the county. Zip code 62987 has the highest median home price at $63,660.

Property Tax Assessment Values Across Stonefort, Williamson County, Illinois

Source: Ownwell

$23,550

$71,490

$119,430

Median Stonefort Market Value

$63,660

Median Williamson County Market Value

$85,800

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Stonefort, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62987	$19,230	$32,730	$63,660	$113,190	$179,325

Source: Ownwell

Property Tax Bills Across Stonefort, Williamson County, Illinois

In Stonefort, Illinois, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Stonefort, the median home price stands at $63,660. Homeowners in the area experience tax bills that can range significantly, with the 25th percentile at $554 and the 75th percentile reaching $2,074. The 90th percentile tax bill can go as high as $3,893. This variability highlights the influence of factors such as property location and market conditions on tax assessments. Compared to the national median property tax bill of $2,400, Stonefort's tax bills can be relatively lower, depending on the percentile. Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax burden. By ensuring that properties are assessed fairly, Ownwell helps homeowners save money, offering peace of mind and financial relief in managing property tax obligations.

Property Tax Bills Across Stonefort, Williamson County, Illinois

Source: Ownwell

$345

$1,478

$2,611

Median Stonefort Tax Bill

$1,121

Median Williamson County Tax Bill

$1,802

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Stonefort, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62987	$220	$554	$1,121	$2,074	$3,893

Source: Ownwell