Tovey, Christian County, Illinois Property Taxes

Name: Property Tax Bills Across Tovey, Christian County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Tovey, IL effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Tovey, IL home value: $35,920
Median annual Tovey, IL tax bill: $470, $1,930 lower than the national median property tax bill of $2,400.

How are property taxes in Christian calculated?

Property taxes in Tovey, IL 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 Tovey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tovey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tovey, Christian County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$632

$587

Ownwell’s Tovey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tovey with just two data points. By entering your property's estimated assessed value, our calculator applies Tovey’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Christian County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tovey, Christian County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is 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 Tovey’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Tovey, Christian County, Illinois

Source: Ownwell

1.55%

1.66%

1.76%

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 Tovey Tax Rate

1.76%

Median Effective Christian County Tax Rate

1.85%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tovey, Christian County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62570	0.51%	0.90%	1.76%	2.44%	2.44%

Source: Ownwell

Property Tax Assessment Values Across Tovey, Christian County, Illinois

When examining property taxes in Tovey, IL, 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 Christian 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: Christian County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Tovey. For example, the median home price in Tovey is $35,920, with tax bills ranging significantly across the county. Zip code 62570 has the highest median home price at $35,920.

Property Tax Assessment Values Across Tovey, Christian County, Illinois

Source: Ownwell

$35,920

$37,411

$38,901

Median Tovey Market Value

$35,920

Median Christian County Market Value

$58,539

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tovey, Christian County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62570	$4,604	$16,362	$35,920	$55,751	$90,532

Source: Ownwell

Property Tax Bills Across Tovey, Christian County, Illinois

In Tovey, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Tovey is $35,920, and property taxes are assessed accordingly. Homeowners in Tovey can expect a wide range in tax bills, with the 25th percentile at $117 and the 75th percentile reaching $1,046. The tax bill at the 90th percentile rises to $1,783, indicating significant variability based on property value and location within the area. The highest and lowest median tax bills both stand at $470 in the 62570 zip code, highlighting a level of consistency within certain parts of the city. Compared to the national median property tax bill of $2,400, Tovey's property taxes are relatively low. However, for homeowners looking to reduce their tax burden, Ownwell offers property tax appeal and exemption services. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell helps homeowners potentially save on their property tax bills, ensuring they only pay what is fair.

Property Tax Bills Across Tovey, Christian County, Illinois

Source: Ownwell

$388

$429

$470

Median Tovey Tax Bill

$470

Median Christian County Tax Bill

$2,025

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Tovey, Christian County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62570	$55	$117	$470	$1,046	$1,783

Source: Ownwell