Average Tax Assessment in Putnam County
Real Estate Values and Property Tax Valuation in Putnam County, Illinois
Putnam County has 470 properties with a cumulative value of $70.0M, representing 0.010% of all real estate value in Illinois. The total property taxes collected in Putnam County across these 470 properties is $1.6M, with an average property tax rate of 2.27%, lower than the state average of 2.47%. The average Putnam County homeowner pays $3,833 in property taxes, significantly lower than the state average of $5,405. 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 | |
|---|---|
| Putnam Auditor | (419) 523-6686 |
| Putnam Assessor | (706) 485-6376 |
| Putnam County Clerk | (845) 808-1142 |
| Putnam Treasurer | (765) 653-4510 |
| 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 Putnam County
Residential Property Taxes by Cities in Putnam County
Putnam County has an average property tax rate of 2.27%, which is lower than the national average of 1.07%. This makes Putnam County an attractive place to live for those looking to save on their property taxes. The average Putnam County property tax bill is $3,833, which is lower than the national average of $3,498.
Property tax rates vary across the cities in Putnam County. The city with the highest effective property tax rate is ___________, with an effective rate of ___________. The city with the lowest effective property tax rate is ___________, with an effective rate of ___________. This means that property owners in the city with the highest effective rate will pay more in taxes than those in the city with the lowest effective rate.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Putnam 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 Putnam 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 Putnam County
The home price trends in Putnam County, Illinois from October 2022 to October 2023 show no change in median home price. However, there was a decrease in home inventory from 25 in October 2022 to 15 in October 2023. This suggests that the demand for homes in Putnam County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Putnam County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Putnam County
Last updated: November 2023
Percent Change in New Home Listings in Putnam County
Last updated: November 2023
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Mortgage Rates in Putnam County
Putnam County has a total outstanding loan amount of $191.5K across home mortgages. This represents a small percentage of the total home value in the county, indicating that the majority of homeowners in Putnam County have paid off their mortgages. The median mortgage rate in Putnam County varies across cities, with the highest median rate being in one city and the lowest median rate being in another. This variation in rates across cities allows homeowners to shop around and find the best deal for their situation. Overall, Putnam County has a relatively low amount of outstanding loans and a wide range of mortgage rates, making it an attractive option for potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Putnam 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 Putnam County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Putnam County, Illinois
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