Average Tax Assessment in Edgar County
Real Estate Values and Property Tax Valuation in Edgar County, Illinois
Edgar County has a total of 921 properties with a cumulative value of $10.0M, representing 0.001% of all real estate value in Illinois. Property taxes in Edgar County totaled $250.1K, with an average homeowner paying $277 in property taxes compared to the state average of $5,405. The average property tax rate in Edgar County is 2.49%, slightly higher than the state average of 2.47%. Property taxes are calculated 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 | |
|---|---|
| Edgar Assessor | (217) 466-7418 |
| 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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Edgar County
Residential Property Taxes by Cities in Edgar County
Edgar County has an average property tax rate of 2.49%, which is slightly lower than the national average of 2.58%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly between cities. For example, Paris has the highest effective property tax rate in the county at 2.56%, while other cities may have lower rates. This means that property owners in Paris will pay more in taxes than those in other cities.
Overall, Edgar County has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for those looking to purchase property in the area. However, it is important to consider the effective property tax rate in each city when making a decision, as this can have a significant impact on the total amount of taxes paid.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Edgar 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 |
|---|---|---|---|---|---|
| Paris | $1,110 | $2,790 | $4,470 | $10,088 | $31,896 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Edgar County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Paris | $29 | $77 | $122 | $238 | $879 |
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 |
|---|---|---|---|---|---|
| Paris | 2.61% | 2.76% | 2.73% | 2.36% | 2.76% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Edgar County
The median home price in Edgar County, Illinois has remained steady from October 2022 to October 2023, with a median price of $21.0K. The home inventory in Edgar County has decreased slightly from 41 in October 2022 to 39 in October 2023. This indicates that the housing market in Edgar County is stable and that demand for homes is steady.
Average Home Value in Edgar County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Edgar County
Last updated: November 2023
Percent Change in New Home Listings in Edgar County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Edgar County
There are currently no outstanding loans in Edgar County for home mortgages. However, the median mortgage rate across the county varies significantly. The city with the highest median mortgage rate is yet to be determined, while the city with the lowest median mortgage rate is also yet to be determined. This variation in rates across counties can be attributed to the different economic and housing market conditions in each area.
Overall, the total outstanding loan amount across home mortgages in Edgar County is zero. This indicates that the percentage of total home value is also zero. This is likely due to the fact that the housing market in Edgar County is relatively stable, with no major fluctuations in the mortgage rates. As a result, the total outstanding loan amount is low, and the percentage of total home value is also low.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Edgar County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Edgar County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Edgar County, Illinois
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.