Average Tax Assessment in Fulton County
Real Estate Values and Property Tax Valuation in Fulton County, Illinois
Fulton County has 13,350 properties with a cumulative value of $1.0B, representing 0.14% of all real estate value in Illinois. The total property taxes collected in Fulton County is $23.8M, with an average property tax rate of 2.35%, lower than the state average of 2.47%. The average homeowner in Fulton County pays $1,786 in property taxes, significantly lower than the state average of $5,405. Property taxes are calculated based on the assessed value of the property.
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 | |
|---|---|
| Fulton Assessor | (574) 223-2801 |
| Fulton Real Property Tax Service | (518) 736-5580 |
| Fulton Recorder | (419) 337-9232 |
| Fulton Recorder | (870) 895-3310 |
| 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 Fulton County
Residential Property Taxes by Cities in Fulton County
Fulton County has an average property tax rate of 2.35%, which is slightly lower than the national average of 2.48%. This rate is applied to the assessed value of a property to determine the amount of taxes due. Property taxes in Fulton County are collected by the county government and used to fund public services such as schools, roads, and public safety.
Property tax rates in Fulton County vary across cities, with Farmington having the highest effective property tax rate of 2.52%, and Saint David having the lowest effective property tax rate of 1.87%. This means that property owners in Farmington will pay more in taxes than those in Saint David. However, the difference in rates is not significant, and overall, property taxes in Fulton County are relatively low compared to other counties in the state.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Fulton 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 |
|---|---|---|---|---|---|
| Astoria | $11,400 | $26,757 | $48,979 | $73,183 | $110,318 |
| Avon | $20,346 | $34,288 | $56,907 | $73,896 | $99,790 |
| Canton | $32,582 | $52,793 | $74,864 | $109,452 | $149,429 |
| Cuba | $25,364 | $41,712 | $69,730 | $110,090 | $150,684 |
| Fairview | $21,009 | $37,538 | $58,949 | $80,720 | $105,214 |
| Farmington | $35,189 | $56,051 | $80,180 | $110,420 | $156,895 |
| Ipava | $11,604 | $28,063 | $49,580 | $78,469 | $106,955 |
| Lewistown | $22,297 | $43,078 | $65,841 | $93,732 | $124,940 |
| Saint David | $18,604 | $32,590 | $49,760 | $66,892 | $93,048 |
| Vermont | $6,943 | $20,571 | $38,258 | $52,373 | $75,989 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Fulton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Astoria | $122 | $437 | $1,052 | $1,922 | $3,165 |
| Avon | $205 | $553 | $1,074 | $1,694 | $2,325 |
| Canton | $450 | $1,049 | $1,799 | $2,730 | $3,959 |
| Cuba | $294 | $829 | $1,722 | $2,932 | $4,088 |
| Fairview | $241 | $647 | $1,282 | $1,919 | $2,612 |
| Farmington | $506 | $1,213 | $2,067 | $2,941 | $4,136 |
| Ipava | $90 | $453 | $931 | $1,748 | $2,598 |
| Lewistown | $163 | $668 | $1,394 | $2,111 | $2,930 |
| Saint David | $152 | $385 | $895 | $1,413 | $1,986 |
| Vermont | $0 | $245 | $657 | $1,285 | $1,964 |
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 |
|---|---|---|---|---|---|
| Astoria | 1.07% | 1.63% | 2.15% | 2.63% | 2.87% |
| Avon | 1.01% | 1.61% | 1.89% | 2.29% | 2.33% |
| Canton | 1.38% | 1.99% | 2.40% | 2.49% | 2.65% |
| Cuba | 1.16% | 1.99% | 2.47% | 2.66% | 2.71% |
| Fairview | 1.15% | 1.72% | 2.17% | 2.38% | 2.48% |
| Farmington | 1.44% | 2.16% | 2.58% | 2.66% | 2.64% |
| Ipava | 0.78% | 1.61% | 1.88% | 2.23% | 2.43% |
| Lewistown | 0.73% | 1.55% | 2.12% | 2.25% | 2.35% |
| Saint David | 0.82% | 1.18% | 1.80% | 2.11% | 2.13% |
| Vermont | 0.00% | 1.19% | 1.72% | 2.45% | 2.58% |
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Real Estate Values in Fulton County
The median home price in Fulton County, Illinois has seen a significant increase of 19.60% from October 2022 to October 2023, rising from $75.2K to $90.0K. This is likely due to the decrease in home inventory, which has dropped from 97 in October 2022 to 84 in October 2023. This suggests that demand for homes in Fulton County is increasing, driving up prices.
Average Home Value in Fulton County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Fulton County
Last updated: November 2023
Percent Change in New Home Listings in Fulton County
Last updated: November 2023
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Mortgage Rates in Fulton County
Fulton County has an outstanding loan amount of $141.1M across its home mortgages. This represents 1.8K outstanding loans, which is a significant amount of money for the county. The median mortgage rate in Fulton County varies across cities, with the highest rate being 4.55% in Vermont and the lowest rate being 3.82% in Fairview. This variation in rates can have a significant impact on the total home value of a property, as higher rates can lead to higher monthly payments and a higher total cost of the loan. It is important for potential homebuyers to consider the different rates available in Fulton County when making their decision.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Fulton County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Astoria | $10,785 | $21,511 | $41,068 | $68,289 | $86,990 |
| Avon | $17,139 | $46,155 | $60,812 | $81,718 | $134,202 |
| Canton | $29,953 | $50,039 | $72,783 | $106,747 | $146,343 |
| Cuba | $28,026 | $51,257 | $85,036 | $126,584 | $184,936 |
| Fairview | $25,184 | $41,674 | $62,115 | $80,524 | $151,945 |
| Farmington | $36,098 | $58,615 | $74,857 | $105,332 | $138,876 |
| Ipava | $19,069 | $31,683 | $52,323 | $87,603 | $130,308 |
| Lewistown | $22,090 | $37,345 | $54,128 | $78,878 | $115,649 |
| Saint David | $8,784 | $27,872 | $47,330 | $64,447 | $66,746 |
| Vermont | $10,524 | $22,424 | $45,724 | $56,963 | $78,132 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Fulton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Astoria | 2.80% | 3.50% | 4.00% | 4.87% | 5.50% |
| Avon | 2.90% | 3.50% | 4.03% | 4.55% | 5.41% |
| Canton | 2.90% | 3.37% | 3.87% | 4.25% | 4.75% |
| Cuba | 2.95% | 3.50% | 3.87% | 4.37% | 5.11% |
| Fairview | 2.82% | 3.39% | 3.82% | 4.16% | 4.84% |
| Farmington | 3.00% | 3.45% | 3.88% | 4.25% | 4.85% |
| Ipava | 3.21% | 3.71% | 4.07% | 4.50% | 4.95% |
| Lewistown | 2.98% | 3.37% | 3.87% | 4.25% | 5.00% |
| Saint David | 3.64% | 3.75% | 4.00% | 4.40% | 5.20% |
| Vermont | 3.12% | 3.88% | 4.55% | 5.31% | 6.00% |
Housing Expenses in Fulton County, Illinois
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