Average Tax Assessment in Lawrence County
Real Estate Values and Property Tax Valuation in Lawrence County, Illinois
Lawrence County has a total of 2,408 properties with a cumulative value of $76.9M, representing 0.01% of all real estate value in Illinois. Property taxes in Lawrence County totaled $2.3M, with an average homeowner paying $991 in property taxes, which is significantly lower than the state average of $5,405. The average property tax rate in Lawrence County is 2.97%, 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 | |
---|---|
Lawrence Tax Collector (Trustee) | (931) 766-4181 |
Lawrence Assessor | (812) 275-5405 |
Lawrence Judge of Probate | (256) 974-2439 |
Lawrence Property Valuation | (606) 638-4743 |
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 Lawrence County
Residential Property Taxes by Cities in Lawrence County
Lawrence County has an average property tax rate of 2.97%, which is slightly lower than the state average of 3.07%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Lawrence County is $991. Property tax rates vary across the cities in Lawrence County, with Sumner having the highest effective property tax rate at 3.17%, and Bridgeport having the lowest effective property tax rate at 2.55%.
Overall, Lawrence County has a relatively low property tax rate compared to the rest of the state. However, property owners should be aware that the rate can vary significantly depending on the city in which they live. It is important to research the property tax rate in the city where you live to ensure that you are paying the correct amount of taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lawrence 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 |
---|---|---|---|---|---|
Bridgeport | $3,909 | $6,642 | $18,500 | $34,857 | $62,698 |
Lawrenceville | $2,997 | $7,958 | $20,725 | $38,458 | $63,646 |
Saint Francisville | $3,516 | $6,318 | $18,369 | $42,672 | $77,352 |
Sumner | $3,554 | $8,647 | $22,284 | $38,815 | $64,629 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lawrence County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bridgeport | $67 | $117 | $335 | $1,050 | $2,128 |
Lawrenceville | $64 | $182 | $552 | $1,255 | $2,301 |
Saint Francisville | $84 | $165 | $548 | $1,558 | $2,859 |
Sumner | $80 | $246 | $669 | $1,466 | $2,428 |
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 |
---|---|---|---|---|---|
Bridgeport | 1.71% | 1.76% | 1.81% | 3.01% | 3.39% |
Lawrenceville | 2.14% | 2.29% | 2.66% | 3.26% | 3.62% |
Saint Francisville | 2.39% | 2.61% | 2.98% | 3.65% | 3.70% |
Sumner | 2.25% | 2.84% | 3.00% | 3.78% | 3.76% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Lawrence County
The data from Redfin indicates that the median home price in Lawrence County has not changed from October 2022 to October 2023. However, the home inventory in Lawrence County has decreased from 11 in October 2022 to 4 in October 2023. This suggests that the demand for homes in Lawrence County has increased, leading to a decrease in the available inventory. This trend is likely to continue in the future, resulting in an increase in home prices in the area.
Average Home Value in Lawrence County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Lawrence County
Last updated: November 2023
Percent Change in New Home Listings in Lawrence County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Lawrence County
There are currently no outstanding loans in Lawrence County for home mortgages. This indicates that the county has a relatively low rate of homeownership. The median mortgage rate across the county is unknown, as there is no data available. However, it is likely that there is a significant variation in mortgage rates across the county, as rates can vary significantly from city to city.
The total outstanding loan amount for home mortgages in Lawrence County is zero, indicating that the county has a low rate of homeownership. This is likely due to the fact that the median mortgage rate across the county is unknown, and there is likely a significant variation in mortgage rates across the county. The percentage of total home value that is covered by mortgages is also unknown, as there are no outstanding loans in the county. However, it is likely that the percentage is low, as the county has a low rate of homeownership.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lawrence 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 Lawrence County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Lawrence 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.