Shannon, Carroll County, Illinois Property Taxes
Property Taxes in Shannon, Illinois
Median Shannon, Illinois effective property tax rate: 1.86%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Shannon, Illinois home value: $126,072
Median annual Shannon, Illinois tax bill: $2,227, lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Shannon, 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 Shannon's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shannon, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Shannon, Carroll County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.86%
Estimate Property Tax Bill
$2,345
$2,176
How Does the Shannon Property Tax Calculator Work?
Use this Shannon property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Shannon's median effective tax rate of 1.86% — based on actual property records in Carroll County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Shannon'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 Shannon: rates range from 1.86% in 61078 to 1.86% in 61078, 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 Shannon.
About Shannon Property Taxes
About Property Taxes in Shannon, Carroll, Illinois
Shannon’s median effective property tax rate of 1.86% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Carroll County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Shannon. Homeowners in the 61078 ZIP code carry a median effective rate of 1.86%, while those in the same ZIP code pay 1.86%. This spread reflects how school district boundaries and local assessment districts are drawn across Carroll County. Understanding which part of Shannon you live in can make a meaningful difference to your annual tax bill.
Shannon 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 Shannon, Carroll 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 Shannon'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 Shannon Tax Rate
1.86%
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 Carroll County Tax Rate
2.17%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shannon, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61078 | 1.07% | 1.64% | 1.86% | 2.03% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Shannon, Carroll County, Illinois
When examining property taxes in Shannon, 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 Carroll County assessment office 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 Carroll County, assessment notices are sent in December each year. They'll typically reach your mailbox by the middle of December.
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 Shannon.
For example, the median home price in Shannon is $126,072, with tax bills ranging significantly across the county. 61078 has the highest median home price at $126,072.
Property Tax Assessment Values Across Shannon, Carroll County, Illinois
Source: Ownwell
$67,270
$167,518
$267,765
Median Shannon Market Value
$126,072
Median Carroll County Market Value
$106,464
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Shannon, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61078 | $57,066 | $84,198 | $126,072 | $187,358 | $295,652 |
Source: Ownwell
Property Tax Bills Across Shannon, Carroll County, Illinois
Property tax bills in Shannon are calculated from the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value may change too, which can affect the final bill homeowners receive. Local budgets for schools, roads, and other services also influence how much tax is owed.
With a median home price of $126,072, property taxes can be a meaningful part of homeownership costs. The median tax bill in the area is $2,227, which is below the national median property tax bill of $2,400 but still significant for many households. Bills can vary widely, with the 25th percentile at $1,382 and the 75th percentile at $3,617.
For homeowners, this means a higher assessed value or a higher tax rate can quickly increase annual costs. Understanding how the bill is calculated helps homeowners better anticipate changes and evaluate whether their property is being taxed fairly.
Median Shannon Tax Bill
$2,227
Median Carroll County Tax Bill
$2,444
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Shannon, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61078 | $765 | $1,382 | $2,227 | $3,617 | $5,474 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Carroll Tax Assessor | |
| Website | carrollil.devnetwedge.com |