Average Tax Assessment in Jasper County
Real Estate Values and Property Tax Valuation in Jasper County, Illinois
Jasper County has a total of 2,441 properties with a cumulative value of $241.4M, representing 0.03% of all real estate value in Illinois. The county collected $5.7M in property taxes from these properties, with an average homeowner paying $2,345 in property taxes compared to the state average of $5,405. The average property tax rate in Jasper County is 2.34%, lower 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Jasper Clerk | (409) 384-2632 |
| Jasper Assessor | (618) 783-8042 |
| Jasper Clerk of Court | (706) 468-4901 |
| 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 Jasper County
Residential Property Taxes by Cities in Jasper County
Jasper County has an average property tax rate of 2.34%, which is slightly lower than the state average of 2.35%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Jasper County are collected by the county government and used to fund public services such as schools, roads, and public safety.
Property tax rates vary across the cities in Jasper County. The city with the highest effective property tax rate is Wheeler, with a rate of 2.44%, while the city with the lowest effective property tax rate is Newton, with a rate of 2.32%. Property taxes in Jasper County are generally lower than the state average, making it an attractive place to live for those looking for a lower tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Jasper 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Jasper County.
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.
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Real Estate Values in Jasper County
The median home price in Jasper County, Illinois has remained steady from October 2022 to October 2023, at $340.0K. However, the home inventory in Jasper County has increased from 14 in October 2022 to 21 in October 2023, indicating an increase in demand for housing in the area. This suggests that home prices in Jasper County may increase in the future.
Average Home Value in Jasper County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Jasper County
Last updated: November 2023
Percent Change in New Home Listings in Jasper County
Last updated: November 2023
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Mortgage Rates in Jasper County
Jasper County has no outstanding loans for home mortgages, making it one of the few counties in the United States with no mortgage debt. This is likely due to the fact that the median home value in Jasper County is relatively low compared to other counties. The median mortgage rate in Jasper County is also lower than the national average, making it an attractive option for those looking to purchase a home.
However, even though there are no outstanding loans in Jasper County, the variation in mortgage rates across counties can still be significant. This means that it is important for potential homebuyers to research the different mortgage rates available in their area before making a decision. Additionally, it is important to consider the total amount of the loan relative to the total value of the home, as this will determine the amount of money that needs to be paid back over the life of the loan. By doing this, potential homebuyers can ensure that they are getting the best deal possible.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Jasper 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 Jasper County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Jasper County, Illinois
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