Average Tax Assessment in Schuyler County
Real Estate Values and Property Tax Valuation in Schuyler County, Illinois
Schuyler County has a total of 2,567 properties with a cumulative value of $188.8M, representing 0.03% of all real estate value in Illinois. The total amount of property taxes collected in Schuyler County is $3.7M, with an average homeowner paying $1,523 in property taxes, which is significantly lower than the state average of $5,405. The average property tax rate in Schuyler County is 1.97%, which is lower than the state average of 2.47%. 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 | |
|---|---|
| Schuyler Real Property Tax Service | (607) 535-8118 |
| Schuyler Assessor | (660) 956-9111 |
| Schuyler Recorder of Deeds | (217) 322-4734 |
| 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 Schuyler County
Residential Property Taxes by Cities in Schuyler County
Schuyler County has an average property tax rate of 1.97%, which is slightly lower than the state average of 2.02%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Schuyler County. For example, Rushville has the highest effective property tax rate of 2.01%, while other cities such as Montour and Havana have lower effective property tax rates of 1.90% and 1.86%, respectively.
Overall, Schuyler County has a relatively low property tax rate compared to other counties in the state. This is beneficial for homeowners in the county, as it means they will pay less in property taxes than they would in other counties. However, it is important to note that the effective property tax rate can vary significantly across the cities in Schuyler County, so it is important to research the rates in each city before making a decision on where to purchase a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Schuyler 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 |
|---|---|---|---|---|---|
| Rushville | $18,596 | $39,683 | $70,588 | $106,754 | $148,438 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Schuyler County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Rushville | $304 | $654 | $1,416 | $2,327 | $3,313 |
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 |
|---|---|---|---|---|---|
| Rushville | 1.63% | 1.65% | 2.01% | 2.18% | 2.23% |
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Real Estate Values in Schuyler County
The home price trends in Schuyler County, Illinois remain unchanged from October 2022 to October 2023, with the median home price remaining the same and the home inventory staying the same at 7.
Average Home Value in Schuyler County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Schuyler County
Last updated: November 2023
Percent Change in New Home Listings in Schuyler County
Last updated: November 2023
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Mortgage Rates in Schuyler County
Mortgages in Schuyler County are currently at an all-time low, with no outstanding loans in the county. This is likely due to the fact that the median home value in Schuyler County is relatively low, at $95,000. This means that the total outstanding loan amount across home mortgages in Schuyler County is zero.
The median mortgage rate in Schuyler County varies across cities, with the highest median mortgage rate being in the city of Watkins Glen and the lowest median mortgage rate being in the city of Montour Falls. The median mortgage rate in Watkins Glen is 4.25%, while the median mortgage rate in Montour Falls is 3.75%. This difference in rates is likely due to the difference in median home values between the two cities, with the median home value in Watkins Glen being $127,000 and the median home value in Montour Falls being $90,000.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Schuyler 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 Schuyler County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Schuyler County, Illinois
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