Mount Vernon, Illinois Property Taxes
Real Estate Values and Property Tax Valuation in Mount Vernon, Illinois
Mount Vernon has 7,952 properties with a cumulative value of $649.8M, making up 73.94% of the real estate value in Jefferson County. Property taxes in Mount Vernon totaled $14.6M, with an average homeowner paying $1,839 in property taxes compared to the county average of $1,651. The average property tax rate in Mount Vernon is 2.25%, while the county average is 2.12%. 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 | |
---|---|
TexasFile Clerk Records | - |
Jefferson Clerk | (409) 835-8475 |
Jefferson Treasurer | (303) 271-8330 |
Jefferson Appraiser | (785) 403-0000 4 |
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 |
Reduce your property tax bill with Ownwell
Real Estate Statistics in Mount Vernon, Illinois
Residential Property Tax by ZIP code in Mount Vernon, Illinois
Mount Vernon has an average property tax rate of 2.25%, which is slightly higher than the average Jefferson County property tax rate of 2.12%. This means that property owners in Mount Vernon will pay slightly more in taxes than those in other parts of the county. The highest effective property tax rate in Mount Vernon is 2.25%, which is found in the 62864 ZIP code. On the other hand, the lowest effective property tax rate in Mount Vernon is not known.
Property tax rates in Mount Vernon vary across ZIP codes due to differences in home values. For example, the 62864 ZIP code has a higher effective property tax rate because it has higher home values than other ZIP codes in the city. This means that property owners in this ZIP code will pay more in taxes than those in other parts of the city. Ultimately, property owners in Mount Vernon should be aware of the differences in property tax rates across ZIP codes when considering their tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Mount Vernon, Illinois. 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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62864 | $14,130 | $25,985 | $60,915 | $113,880 | $173,390 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Mount Vernon, Illinois.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62864 | $140 | $450 | $1,206 | $2,616 | $4,183 |
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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62864 | 0.99% | 1.73% | 1.98% | 2.30% | 2.41% |
Reduce your property tax bill with Ownwell
Real Estate Values in Mount Vernon, Illinois
Average Home Value in Mount Vernon, Illinois
Last updated: November 2023
Average home value over time in Mount Vernon, Illinois
Last updated: November 2023
Total unique home listings in Mount Vernon, Illinois
Last updated: November 2023
Reduce your property taxes every year with Ownwell!
Housing Expenses in Mount Vernon, Illinois
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for Midwest region
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.