Pierron, Bond County, Illinois Property Taxes
Property Taxes in Pierron, Illinois
Median Pierron, Illinois effective property tax rate: 2.29%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Pierron, Illinois home value: $34,610
Median annual Pierron, Illinois tax bill: $753, lower than the national median property tax bill of $2,400.
How are property taxes in Bond calculated?
Property taxes in Pierron, Illinois are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Pierron's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pierron, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Pierron, Bond County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.29%
Estimate Property Tax Bill
$793
$735
How Does the Pierron Property Tax Calculator Work?
Use this Pierron property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Pierron's median effective tax rate of 2.29% — based on actual property records in Bond County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Pierron's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Pierron: rates range from 2.29% in 62273 to 2.29% in 62273, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Pierron.
About Pierron Property Taxes
About Property Taxes in Pierron, Bond, Illinois
Pierron’s median effective property tax rate of 2.29% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Bond County base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Pierron. Homeowners in the 62273 ZIP code carry a median effective rate of 2.29%, while those in the same ZIP code also pay 2.29%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Bond County. Understanding which part of Pierron you live in can make a meaningful difference to your annual tax bill.
Pierron homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Pierron, Bond County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Pierron’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pierron Tax Rate
2.29%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bond County Tax Rate
2.38%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pierron, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62273 | 1.25% | 1.79% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Pierron, Bond County, Illinois
When examining property taxes in Pierron, Illinois, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bond County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Bond County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pierron.
For example, the median home price in Pierron is $34,610, with tax bills ranging significantly across the county. 62273 has the highest median home price at $34,610.
Property Tax Assessment Values Across Pierron, Bond County, Illinois
Source: Ownwell
$21,256
$60,411
$99,565
Median Pierron Market Value
$34,610
Median Bond County Market Value
$46,862
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pierron, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62273 | $8,765 | $22,003 | $34,610 | $83,590 | $150,231 |
Source: Ownwell
Property Tax Bills Across Pierron, Bond County, Illinois
Pierron Property Tax Bills
Property tax bills in Pierron are based on the assessed value of a home and the local tax rates set by taxing authorities in Bond County. When a property’s market value changes, the assessed value can change too, which can affect the final bill homeowners receive. Local budgets for schools, roads, and other services also play a role in determining how much tax is owed.
For homeowners in Pierron, the median home price is $34,610, and the median property tax bill is $753 in ZIP code 62273. That is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can still vary widely, with the 25th percentile at $504 and the 90th percentile at $2,970. This means some homeowners pay relatively modest taxes, while others face much higher bills depending on their property’s assessed value and local tax obligations.
Median Pierron Tax Bill
$753
Median Bond County Tax Bill
$1,042
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Pierron, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62273 | $201 | $504 | $753 | $1,193 | $2,970 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Bond Tax Assessor | |
| Website | bondil.devnetwedge.com |