Average Tax Assessment in Brown County
Real Estate Values and Property Tax Valuation in Brown County, Illinois
Brown County has a total of 596 properties with a cumulative value of $80.7M. This accounts for 0.01% of all real estate value in Illinois. Property taxes in Brown County totaled $1.9M, with an average property tax rate of 2.39%, lower than the state average of 2.47%. The average Brown County homeowner pays $3,245 in property taxes compared to the state average of $5,405. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Brown Appraisal District | (325) 643-5676 |
| TexasFile Clerk Records | - |
| Brown Register of Deeds | (605) 626-7140 |
| Brown Register of Deeds | (920) 448-4471 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Brown County
Residential Property Taxes by Cities in Brown County
Brown County has an average property tax rate of 2.39%, which is slightly lower than the state average of 2.45%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Brown County is $3,245, which is slightly lower than the state average of $3,527.
Property tax rates vary across the cities in Brown County. The city with the highest effective property tax rate is Mount Sterling, with a rate of 2.36%. This is slightly lower than the county average. On the other hand, the city with the lowest effective property tax rate is also Mount Sterling, with a rate of 2.36%. This is slightly higher than the county average. Overall, property taxes in Brown County are slightly lower than the state average, and the rates vary across the cities.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Brown County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Sterling | $45,000 | $74,175 | $117,045 | $173,460 | $226,095 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Brown County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Sterling | $989 | $1,599 | $2,675 | $4,056 | $5,530 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Sterling | 2.20% | 2.16% | 2.29% | 2.34% | 2.45% |
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Real Estate Values in Brown County
The median home price in Brown County, Illinois has remained unchanged from October 2022 to October 2023. The home inventory in the county has also remained the same. This suggests that the housing market in Brown County is stable and not experiencing any significant changes in prices or inventory.
Average Home Value in Brown County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Brown County
Last updated: November 2023
Percent Change in New Home Listings in Brown County
Last updated: November 2023
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Mortgage Rates in Brown County
Mortgages in Brown County are a popular form of financing for homeowners. According to recent statistics, there is a total of $1.1M in outstanding loans across home mortgages in the county. This represents 8 outstanding loans, which is a relatively small number compared to other counties. The median mortgage rate in Brown County is 3%, which is relatively low compared to other counties in the area. This rate is consistent across the county, with Mount Sterling having the highest and lowest median mortgage rate.
The percentage of total home value that is financed by mortgages in Brown County is relatively low, as the total outstanding loan amount only represents a small fraction of the total home value. This indicates that homeowners in Brown County are more likely to pay for their homes in cash, rather than taking out a loan. Additionally, the variation in mortgage rates across counties is relatively low, with the median rate staying consistent across the county. This indicates that homeowners in Brown County can expect to receive a competitive rate when taking out a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Brown County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Sterling | $71,933 | $125,167 | $213,889 | $218,421 | $221,140 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Brown County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Sterling | 2.81% | 2.90% | 3.00% | 3.25% | 3.52% |
Housing Expenses in Brown County, Illinois
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