Average Tax Assessment in Union County
Real Estate Values and Property Tax Valuation in Union County, Illinois
Union County has a total of 2,435 properties with a cumulative value of $41.9M. This represents 0.006% of all real estate value in Illinois. Property taxes in Union County are collected on these 2,435 properties, totaling $4.5M. The average Union County homeowner pays $1,926 in property taxes, which is significantly lower than the state average of $5,405. The average property tax rate in Union County is 10.70%, while the state average is 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 | |
|---|---|
| Union Register of Deeds | (704) 283-3797 |
| Union County Clerk | (908) 527-4787 |
| Union Assessor | (641) 782-1735 |
| Union Auditor | (937) 645-3003 |
| 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 Union County
Residential Property Taxes by Cities in Union County
Union County has an average property tax rate of 10.70%, which is slightly higher than the national average of 1.08%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly across cities in Union County. For example, Jonesboro has the highest effective property tax rate of 7.94%, while other cities such as Blairsville and Suches have much lower rates of 4.90% and 4.45%, respectively. This means that homeowners in Jonesboro pay significantly more in property taxes than those in other cities in Union County.
Overall, Union County has a relatively high property tax rate compared to other counties in the state. However, the effective rate can vary significantly across cities, so it is important for homeowners to research the rates in their area before making a purchase. Additionally, the average property tax bill in Union County is $1,926, which is slightly higher than the national average.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Union 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Union County.
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.
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Real Estate Values in Union County
The median home price in Union County, Illinois decreased by 4.20% from October 2022 to October 2023, from $109.5K to $104.9K. The home inventory in Union County also increased slightly from 48 in October 2022 to 49 in October 2023. This suggests that the housing market in Union County is cooling off, with fewer buyers and more homes available for sale.
Average Home Value in Union County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Union County
Last updated: November 2023
Percent Change in New Home Listings in Union County
Last updated: November 2023
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Mortgage Rates in Union County
Mortgages in Union County are a major factor in the local economy. According to recent statistics, there is a total of $34.9 million in outstanding loan amounts across home mortgages in the county. This represents 263 outstanding loans, which is a significant portion of the total home value in the area.
The median mortgage rate in Union County varies across cities, with Anna having the highest rate at 4.29% and Cobden having the lowest rate at 4.18%. This variation in rates across the county indicates that there is a wide range of options for potential homebuyers in the area. With the total outstanding loan amount and the range of mortgage rates, Union County is an attractive option for those looking to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Union County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Union County.
Housing Expenses in Union County, Illinois
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