Average Tax Assessment in Vermilion County
Real Estate Values and Property Tax Valuation in Vermilion County, Illinois
Vermilion County has a total of 30,565 properties with a cumulative value of $2.2B. This accounts for 0.32% of all real estate value in Illinois. Property taxes in Vermilion County totaled $53.1M, with an average homeowner paying $1,739 in property taxes compared to the state average of $5,405. The average property tax rate in Vermilion County is 2.40%, lower than the state average of 2.47%. Property taxes are based on the assessed value of the property, which is determined by the local assessor.
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 | |
|---|---|
| Vermilion Assessor | (337) 893-2837 |
| Vermilion Treasurer | (217) 554-6080 |
| Vermilion Assessor | (217) 554-1940 |
| Vermilion Clerk of Court | (337) 898-1992 |
| 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 Vermilion County
Residential Property Taxes by Cities in Vermilion County
Vermilion County has an average property tax rate of 2.40%, which is slightly lower than the state average of 2.48%. This rate is applied to the assessed value of a property to calculate the total amount of taxes due. The average Vermilion County property tax bill is $1,739, which is slightly lower than the state average of $1,845.
Property tax rates vary across the cities in Vermilion County. The city with the highest effective property tax rate is Sidell, with a rate of 2.62%. On the other hand, the city with the lowest effective property tax rate is Tilton, with a rate of 1.79%. This means that property owners in Sidell will pay more in taxes than those in Tilton.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Vermilion 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 |
|---|---|---|---|---|---|
| Alvin | $16,562 | $42,112 | $78,330 | $127,574 | $188,344 |
| Bismarck | $38,538 | $60,213 | $93,594 | $137,949 | $177,681 |
| Catlin | $51,208 | $78,678 | $107,415 | $142,866 | $190,725 |
| Danville | $13,372 | $24,458 | $45,060 | $85,006 | $137,832 |
| Fairmount | $23,295 | $52,348 | $90,764 | $143,548 | $202,382 |
| Fithian | $32,662 | $67,259 | $103,506 | $153,573 | $221,473 |
| Georgetown | $20,087 | $38,972 | $61,518 | $91,274 | $134,922 |
| Hoopeston | $15,879 | $29,264 | $48,027 | $70,924 | $110,046 |
| Indianola | $13,361 | $27,146 | $62,268 | $107,566 | $161,638 |
| Oakwood | $22,734 | $54,009 | $90,996 | $129,120 | $176,802 |
| Potomac | $24,462 | $43,842 | $73,386 | $105,650 | $154,459 |
| Rankin | $15,164 | $26,960 | $55,000 | $89,223 | $147,566 |
| Ridge Farm | $14,896 | $30,868 | $52,980 | $83,021 | $129,675 |
| Rossville | $22,551 | $43,848 | $73,593 | $112,743 | $174,448 |
| Sidell | $17,572 | $35,913 | $61,563 | $103,616 | $185,904 |
| Tilton | $17,571 | $30,021 | $45,678 | $59,145 | $72,615 |
| Westville | $22,656 | $40,806 | $60,501 | $89,229 | $128,849 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Vermilion County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvin | $180 | $794 | $1,799 | $2,975 | $5,236 |
| Bismarck | $530 | $1,203 | $2,114 | $3,320 | $4,478 |
| Catlin | $847 | $1,646 | $2,680 | $3,838 | $5,435 |
| Danville | $153 | $482 | $1,022 | $2,081 | $3,660 |
| Fairmount | $421 | $1,011 | $2,067 | $3,811 | $5,584 |
| Fithian | $491 | $1,470 | $2,469 | $3,912 | $6,044 |
| Georgetown | $256 | $630 | $1,285 | $2,084 | $3,189 |
| Hoopeston | $154 | $505 | $1,028 | $1,776 | $2,883 |
| Indianola | $180 | $552 | $1,397 | $2,681 | $4,225 |
| Oakwood | $242 | $879 | $1,902 | $3,150 | $4,545 |
| Potomac | $379 | $825 | $1,588 | $2,685 | $3,861 |
| Rankin | $186 | $477 | $1,142 | $2,164 | $3,980 |
| Ridge Farm | $196 | $517 | $1,147 | $2,089 | $3,164 |
| Rossville | $330 | $787 | $1,545 | $2,877 | $4,704 |
| Sidell | $258 | $652 | $1,454 | $2,723 | $5,639 |
| Tilton | $69 | $338 | $765 | $1,215 | $1,578 |
| Westville | $200 | $567 | $1,196 | $1,900 | $2,929 |
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 |
|---|---|---|---|---|---|
| Alvin | 1.09% | 1.89% | 2.30% | 2.33% | 2.78% |
| Bismarck | 1.38% | 2.00% | 2.26% | 2.41% | 2.52% |
| Catlin | 1.65% | 2.09% | 2.49% | 2.69% | 2.85% |
| Danville | 1.14% | 1.97% | 2.27% | 2.45% | 2.66% |
| Fairmount | 1.81% | 1.93% | 2.28% | 2.65% | 2.76% |
| Fithian | 1.50% | 2.19% | 2.39% | 2.55% | 2.73% |
| Georgetown | 1.27% | 1.62% | 2.09% | 2.28% | 2.36% |
| Hoopeston | 0.97% | 1.73% | 2.14% | 2.50% | 2.62% |
| Indianola | 1.35% | 2.03% | 2.24% | 2.49% | 2.61% |
| Oakwood | 1.06% | 1.63% | 2.09% | 2.44% | 2.57% |
| Potomac | 1.55% | 1.88% | 2.16% | 2.54% | 2.50% |
| Rankin | 1.23% | 1.77% | 2.08% | 2.43% | 2.70% |
| Ridge Farm | 1.32% | 1.67% | 2.16% | 2.52% | 2.44% |
| Rossville | 1.46% | 1.79% | 2.10% | 2.55% | 2.70% |
| Sidell | 1.47% | 1.82% | 2.36% | 2.63% | 3.03% |
| Tilton | 0.39% | 1.13% | 1.67% | 2.05% | 2.17% |
| Westville | 0.88% | 1.39% | 1.98% | 2.13% | 2.27% |
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Real Estate Values in Vermilion County
The data from Redfin shows that the median home price in Vermilion County, Illinois decreased by 5.75% from October 2022 to October 2023. This suggests that the housing market in Vermilion County is cooling off, as the median home price is decreasing. Additionally, the home inventory in Vermilion County decreased by 8.2% from October 2022 to October 2023, indicating that there is less housing available in the area. This could be driving the decrease in median home prices.
Average Home Value in Vermilion County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Vermilion County
Last updated: November 2023
Percent Change in New Home Listings in Vermilion County
Last updated: November 2023
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Mortgage Rates in Vermilion County
Mortgages in Vermilion County are a major part of the local economy, with a total outstanding loan amount of $335.8M. This represents a significant portion of the total home value in the county, with an average of 2.8K outstanding loans. The median mortgage rate in Vermilion County varies across cities, with Indianola having the highest rate of 4.5%, and Bismarck having the lowest rate of 3.56%. This variation in rates can be attributed to the different economic conditions in each city, as well as the availability of lenders and other factors.
Overall, mortgages in Vermilion County are an important part of the local economy, and the variation in rates across cities provides an opportunity for homeowners to find the best deal for their needs. With a total outstanding loan amount of $335.8M, it is clear that mortgages are a major part of the local economy, and the variation in rates across cities provides an opportunity for homeowners to find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Vermilion County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvin | $39,823 | $53,609 | $80,199 | $126,183 | $214,900 |
| Bismarck | $52,635 | $66,767 | $105,441 | $159,730 | $231,958 |
| Catlin | $47,213 | $73,383 | $102,232 | $126,489 | $170,922 |
| Danville | $30,923 | $51,212 | $84,336 | $140,695 | $238,868 |
| Fairmount | $25,911 | $44,717 | $91,156 | $148,284 | $183,835 |
| Fithian | $55,979 | $73,570 | $106,168 | $159,371 | $278,206 |
| Georgetown | $30,539 | $46,457 | $61,984 | $86,681 | $132,940 |
| Hoopeston | $24,401 | $44,387 | $66,886 | $98,287 | $154,983 |
| Indianola | $21,810 | $50,917 | $78,844 | $104,176 | $256,660 |
| Oakwood | $52,057 | $74,926 | $99,919 | $138,786 | $177,132 |
| Potomac | $29,500 | $57,455 | $95,924 | $155,938 | $231,486 |
| Rankin | $15,051 | $31,910 | $65,110 | $101,566 | $137,164 |
| Ridge Farm | $34,895 | $52,388 | $66,190 | $100,312 | $143,383 |
| Rossville | $31,302 | $52,831 | $78,367 | $100,244 | $151,322 |
| Sidell | $34,811 | $43,034 | $64,680 | $90,640 | $115,734 |
| Tilton | $22,393 | $41,809 | $60,124 | $75,105 | $87,751 |
| Westville | $31,580 | $50,376 | $75,438 | $103,968 | $137,975 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Vermilion County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvin | 3.25% | 3.63% | 4.13% | 5.13% | 5.95% |
| Bismarck | 2.63% | 3.00% | 3.56% | 4.38% | 5.53% |
| Catlin | 2.75% | 3.25% | 4.00% | 5.13% | 5.50% |
| Danville | 2.75% | 3.00% | 3.69% | 4.50% | 5.25% |
| Fairmount | 2.88% | 3.25% | 3.88% | 4.47% | 5.02% |
| Fithian | 2.80% | 3.13% | 3.81% | 4.50% | 4.95% |
| Georgetown | 2.80% | 3.25% | 4.00% | 4.75% | 5.50% |
| Hoopeston | 2.88% | 3.13% | 3.75% | 4.63% | 5.15% |
| Indianola | 3.04% | 4.40% | 4.50% | 5.50% | 5.75% |
| Oakwood | 2.88% | 3.25% | 3.88% | 4.38% | 5.38% |
| Potomac | 2.96% | 3.47% | 3.92% | 4.75% | 5.50% |
| Rankin | 2.78% | 3.13% | 3.63% | 4.21% | 4.73% |
| Ridge Farm | 2.96% | 3.50% | 4.02% | 5.22% | 5.75% |
| Rossville | 2.99% | 3.25% | 3.99% | 4.50% | 5.25% |
| Sidell | 3.03% | 3.60% | 4.00% | 4.65% | 5.25% |
| Tilton | 2.63% | 2.88% | 3.75% | 4.50% | 5.58% |
| Westville | 2.88% | 3.13% | 4.00% | 5.07% | 5.50% |
Housing Expenses in Vermilion County, Illinois
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