Average Tax Assessment in Mason County
Real Estate Values and Property Tax Valuation in Mason County, Illinois
Mason County has 1,082 properties with a cumulative value of $102.2M, representing 0.01% of all real estate value in Illinois. Property taxes in Mason County totaled $3.0M, with an average homeowner paying $2,753 in property taxes compared to the state average of $5,405. The average property tax rate in Mason County is 2.91%, higher 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 | |
|---|---|
| Mason Appraisal District | (325) 347-5989 |
| TexasFile Clerk Records | - |
| Mason Assessor | (360) 427-9670 491 |
| Mason Property Valuation | (606) 564-3700 |
| 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 Mason County
Residential Property Taxes by Cities in Mason County
Mason County has an average property tax rate of 2.91%, which is slightly lower than the average rate for the state of Washington. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Mason County property tax bill is estimated to be around $2,753. Property tax rates can vary significantly across cities in Mason County. For example, the city with the highest effective property tax rate may have a rate that is significantly higher than the county average, while the city with the lowest effective property tax rate may have a rate that is significantly lower than the county average. This means that property owners in different cities may pay vastly different amounts in property taxes. It is important for property owners to research the property tax rates in their city to ensure they 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 Mason 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 Mason 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.
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Real Estate Values in Mason County
The data from Redfin shows that the median home price in Mason County, Illinois has increased by 22.05% from October 2022 to October 2023. This indicates that the housing market in Mason County is becoming more competitive and that prices are rising. Additionally, the home inventory in Mason County has decreased by 44.4%, indicating that there is a shortage of homes available for sale. This could be driving up prices as buyers compete for the limited number of homes available.
Average Home Value in Mason County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Mason County
Last updated: November 2023
Percent Change in New Home Listings in Mason County
Last updated: November 2023
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Mortgage Rates in Mason County
Mason County has a total of $22.1 million in outstanding home mortgage loans. This represents 68 loans, or about 0.2% of the total home value in the county. The median mortgage rate in Mason County varies significantly from city to city, with the highest median rate being in the city of Mason and the lowest median rate being in the city of Grand Rapids. This variation in rates across cities is indicative of the competitive nature of the mortgage market in Mason County, as lenders strive to offer the best rates to attract borrowers.
Overall, the mortgage market in Mason County is strong, with a total of $22.1 million in outstanding loans and a competitive rate environment. This is a positive sign for the local economy, as it indicates that homeowners are able to secure financing for their homes and that lenders are willing to lend. This is a sign of a healthy housing market, and it is likely that Mason County will continue to see strong growth in the coming years.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Mason 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 Mason County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Mason County, Illinois
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