Average Tax Assessment in Pike County
Real Estate Values and Property Tax Valuation in Pike County, Illinois
Pike County has 6,608 properties with a cumulative value of $559.2M, representing 0.08% of all real estate value in Illinois. The total property taxes collected in Pike County is $10.7M, with an average property tax rate of 1.91%, lower than the state average of 2.47%. The average homeowner in Pike County pays $1,681 in property taxes, significantly lower than the state average of $5,405. Property taxes are calculated based on the assessed value of the property.
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 | |
|---|---|
| Pike County Clerk | (606) 432-6211 |
| Pike Assessor | (870) 285-3316 |
| Pike Assessor | (573) 324-3261 |
| Pike Assessor | (601) 783-4130 |
| 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 Pike County
Residential Property Taxes by Cities in Pike County
Pike County has an average property tax rate of 1.91%, which is slightly lower than the state average of 2.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Pike County is $1,681. Property tax rates vary across the cities in Pike County, with Griggsville having the highest effective property tax rate of 2.2%, and Pittsfield having the lowest effective property tax rate of 1.74%.
Overall, Pike County has a relatively low property tax rate compared to other counties in the state. However, the rates do vary across the cities, so it is important to research the rates in the specific city you are considering buying a property in. Knowing the effective property tax rate in the city can help you budget for your property taxes and plan for the future.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Pike 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 |
|---|---|---|---|---|---|
| Barry | $26,700 | $44,760 | $67,380 | $109,965 | $162,360 |
| Griggsville | $24,402 | $43,125 | $71,490 | $111,645 | $180,306 |
| Hull | $21,396 | $34,920 | $53,580 | $84,000 | $139,542 |
| Nebo | $17,700 | $28,320 | $49,920 | $87,660 | $140,385 |
| New Canton | $11,853 | $27,578 | $50,925 | $79,792 | $127,947 |
| Pearl | $14,715 | $26,392 | $49,155 | $91,418 | $136,914 |
| Pittsfield | $36,621 | $55,642 | $82,275 | $123,802 | $186,915 |
| Pleasant Hill | $26,160 | $39,570 | $61,920 | $93,630 | $140,316 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Pike County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barry | $343 | $772 | $1,354 | $2,359 | $3,900 |
| Griggsville | $339 | $879 | $1,618 | $2,629 | $4,314 |
| Hull | $227 | $524 | $1,013 | $1,784 | $3,294 |
| Nebo | $182 | $371 | $793 | $1,659 | $2,863 |
| New Canton | $204 | $382 | $902 | $1,764 | $2,702 |
| Pearl | $163 | $380 | $770 | $1,689 | $2,750 |
| Pittsfield | $498 | $846 | $1,373 | $2,241 | $3,629 |
| Pleasant Hill | $369 | $683 | $1,254 | $2,026 | $3,351 |
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 |
|---|---|---|---|---|---|
| Barry | 1.28% | 1.72% | 2.01% | 2.15% | 2.40% |
| Griggsville | 1.39% | 2.04% | 2.26% | 2.35% | 2.39% |
| Hull | 1.06% | 1.50% | 1.89% | 2.12% | 2.36% |
| Nebo | 1.03% | 1.31% | 1.59% | 1.89% | 2.04% |
| New Canton | 1.72% | 1.39% | 1.77% | 2.21% | 2.11% |
| Pearl | 1.11% | 1.44% | 1.57% | 1.85% | 2.01% |
| Pittsfield | 1.36% | 1.52% | 1.67% | 1.81% | 1.94% |
| Pleasant Hill | 1.41% | 1.73% | 2.03% | 2.16% | 2.39% |
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Real Estate Values in Pike County
The data from Redfin indicates that the median home price in Pike County has not changed from October 2022 to October 2023. However, the home inventory in Pike County has increased significantly from 8 in October 2022 to 18 in October 2023. This suggests that the housing market in Pike County is becoming more competitive, with more homes available for sale. This could lead to an increase in home prices in the future.
Average Home Value in Pike County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Pike County
Last updated: November 2023
Percent Change in New Home Listings in Pike County
Last updated: November 2023
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Mortgage Rates in Pike County
Pike County has an outstanding loan amount of $83.7 million across home mortgages. This represents 712 outstanding loans in the county, which is a significant amount of money. The median mortgage rate in Pike County varies across cities, with Pleasant Hill having the highest rate at 3.62%, and Hull having the lowest rate at 3.23%. This variation in rates can have a significant impact on the total home value, as higher rates can make it more difficult for potential buyers to afford a home. Overall, the total outstanding loan amount in Pike County is a significant amount of money, and the variation in rates across cities can have a major impact on the total home value.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Pike County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barry | $25,357 | $42,955 | $60,919 | $96,372 | $188,656 |
| Griggsville | $28,738 | $44,837 | $61,625 | $90,627 | $191,269 |
| Hull | $29,194 | $41,873 | $64,950 | $96,867 | $160,784 |
| Nebo | $14,909 | $28,319 | $51,020 | $103,543 | $258,625 |
| New Canton | $15,328 | $33,705 | $42,791 | $74,271 | $102,239 |
| Pearl | $63,798 | $94,659 | $108,250 | $186,945 | $464,409 |
| Pittsfield | $32,036 | $50,743 | $79,601 | $131,390 | $187,718 |
| Pleasant Hill | $22,663 | $31,225 | $59,952 | $97,347 | $177,146 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Pike County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barry | 2.71% | 2.90% | 3.40% | 4.12% | 4.82% |
| Griggsville | 2.79% | 2.90% | 3.50% | 4.50% | 5.00% |
| Hull | 2.89% | 2.99% | 3.23% | 3.78% | 4.47% |
| Nebo | 2.88% | 3.00% | 3.52% | 3.98% | 4.50% |
| New Canton | 2.80% | 3.13% | 3.50% | 4.31% | 4.67% |
| Pearl | 2.70% | 2.88% | 3.52% | 4.80% | 5.46% |
| Pittsfield | 2.70% | 3.00% | 3.60% | 4.62% | 5.13% |
| Pleasant Hill | 2.86% | 3.05% | 3.62% | 4.50% | 5.12% |
Housing Expenses in Pike County, Illinois
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