Average Tax Assessment in Piatt County
Real Estate Values and Property Tax Valuation in Piatt County, Illinois
Piatt County has 632 properties with a cumulative value of $148.0M, representing 0.02% of all real estate value in Illinois. The total property taxes collected in Piatt County across these 632 properties is $3.9M, with an average property tax rate of 2.62%, higher than the state average of 2.47%. The average Piatt County homeowner pays $6,153 in property taxes compared to the state average of $5,405. 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 | |
|---|---|
| Piatt Assessor | (217) 762-4266 |
| Piatt Treasurer | (217) 762-4866 |
| 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 Piatt County
Residential Property Taxes by Cities in Piatt County
Piatt County has an average property tax rate of 2.62%, which is lower than the national average of 1.08%. This makes Piatt County an attractive place to live for those looking to save money on their property taxes. The average Piatt County property tax bill is $6,153, which is also lower than the national average.
Property tax rates vary across the cities in Piatt County. The city with the highest effective property tax rate is Monticello, with a rate of 3.25%. The city with the lowest effective property tax rate is White Heath, with a rate of 1.90%. This means that residents of Monticello pay more in property taxes than those in White Heath. However, the difference in rates is not significant enough to make a major impact on the overall cost of living in Piatt County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Piatt 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 Piatt 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 Piatt County
The median home price in Piatt County, Illinois has increased by 20.32% from October 2022 to October 2023, from $189.5K to $228.0K. This indicates a strong housing market in the area. However, the home inventory in Piatt County has decreased from 45 in October 2022 to 42 in October 2023, suggesting that there is a shortage of homes available for sale in the area.
Average Home Value in Piatt County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Piatt County
Last updated: November 2023
Percent Change in New Home Listings in Piatt County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Piatt County
According to the statistics, there are currently no outstanding loans in Piatt County. This indicates that the county has a low rate of home ownership, as no one has taken out a loan to purchase a home. Furthermore, the median mortgage rate in the county is unknown, as no data is available. This suggests that the rates may vary significantly across the county, as there is no standard rate.
Overall, the lack of outstanding loans in Piatt County indicates that the county has a low rate of home ownership. Furthermore, the variation in mortgage rates across the county suggests that potential home buyers should research the rates in their area before taking out a loan. This will help them to 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 Piatt 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 Piatt County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Piatt 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.