Average Tax Assessment in Marshall County
Real Estate Values and Property Tax Valuation in Marshall County, Illinois
Marshall County has 653 properties with a cumulative value of $99.0M, representing 0.01% of all real estate value in Illinois. Property taxes in Marshall County totaled $2.4M, with an average homeowner paying $3,691 in property taxes compared to the state average of $5,405. The average property tax rate in Marshall County is 2.43%, lower than the state average of 2.47%. 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 | |
---|---|
Marshall Assessor | (931) 359-3238 |
Marshall Recorder | (641) 754-6355 |
Marshall Recorder | (218) 745-4801 |
Marshall Assessor | (574) 935-8525 |
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 Marshall County
Residential Property Taxes by Cities in Marshall County
Marshall County has an average property tax rate of 2.43%, which is slightly lower than the national average of 2.48%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Marshall County are collected by the county government and are used to fund local services such as schools, public safety, and infrastructure.
Property tax rates in Marshall County vary across cities, with some cities having higher effective property tax rates than others. For example, the city with the highest effective property tax rate is Marshalltown, with a rate of 2.77%, while the city with the lowest effective property tax rate is Albion, with a rate of 1.99%. Property owners in Marshall County should research the effective property tax rate in their city to determine how much they will owe in taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Marshall 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.
We currently do not have this data but we are working to add this soon.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Marshall County.
We currently do not have this data but we are working to add this soon.
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.
We currently do not have this data but we are working to add this soon.
Reduce your property tax bill with Ownwell!
Real Estate Values in Marshall County
The median home price in Marshall County, Illinois has increased by 13.43% from October 2022 to October 2023, from $110.2K to $125.0K. This is indicative of a strong housing market in the area, as the demand for homes is outpacing the supply. The home inventory in Marshall County has decreased from 45 in October 2022 to 41 in October 2023, further indicating that the demand for homes is high.
Average Home Value in Marshall County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Marshall County
Last updated: November 2023
Percent Change in New Home Listings in Marshall County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Marshall County
Marshall County has a total of 11 outstanding home mortgage loans, totaling $741.0K. This represents a small percentage of the total home value in the county, indicating that the majority of homeowners have paid off their mortgages. However, there is a significant variation in mortgage rates across the county. The city with the highest median mortgage rate is , while the city with the lowest median mortgage rate is . This indicates that there are significant differences in the cost of borrowing money for a home mortgage in Marshall County. Homeowners should be aware of these differences and shop around for the best rate when looking to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Marshall 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 Marshall County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Marshall 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.