Sailor Springs, Clay County, Illinois Property Taxes

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

Median Sailor Springs, IL effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Sailor Springs, IL home value: $22,754
Median annual Sailor Springs, IL tax bill: $189, $2,211 lower than the national median property tax bill of $2,400.

How are property taxes in Clay calculated?

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

Last Updated March 1, 2025

Sailor Springs, Clay County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$257

$239

Ownwell’s Sailor Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sailor Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Sailor Springs’ 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 Clay County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sailor Springs, Clay County, Illinois

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variance is primarily due to each county's need to estimate its annual budget for providing essential services. The county then divides this budget by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislative measures, this calculation is fundamentally how tax rates are determined each year. In Sailor Springs, located in Clay County, the effective property tax rate is a reflection of this process. Comparing Sailor Springs' rate to other cities in Illinois, it's important to note that Illinois has a median property tax rate of 1.13%, which is higher than the national median of 1.02%. This means that property owners in Illinois, including those in Sailor Springs, generally face higher property tax rates compared to the national average. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Sailor Springs, Clay County, Illinois

Source: Ownwell

1.45%

1.70%

1.94%

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 Sailor Springs Tax Rate

1.13%

Median Effective Clay County Tax Rate

1.78%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sailor Springs, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62824	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sailor Springs, Clay County, Illinois

When examining property taxes in Sailor Springs, 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 Clay County Assessor 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 Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Sailor Springs.

For example, the median home price in Sailor Springs is $22,754, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Sailor Springs, Clay County, Illinois

Source: Ownwell

$29,055

$39,255

$49,455

Median Sailor Springs Market Value

$22,754

Median Clay County Market Value

$42,012

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sailor Springs, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62824	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sailor Springs, Clay County, Illinois

In Sailor Springs, located in Clay County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the home's market value. The local tax rate is then applied to this assessed value, resulting in the property tax bill. Homeowners in Sailor Springs often face varying tax bills, with the 25th percentile at $100 and the 75th percentile reaching $552. This range indicates significant variability, potentially affecting homeowners' financial planning. The 90th percentile tax bill can go up to $1,162, which is considerably lower than the national median property tax bill of $2,400. This suggests relatively lower property taxes compared to the national average. Ownwell can assist homeowners in reducing their property tax bills by identifying potential savings through comprehensive property tax appeals and exemption services. By leveraging local expertise and understanding state-specific regulations, Ownwell ensures that homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Sailor Springs, Clay County, Illinois

Source: Ownwell

$334

$583

$832

Median Sailor Springs Tax Bill

$189

Median Clay County Tax Bill

$639

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Sailor Springs, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62824	N/A	N/A	N/A	N/A	N/A

Source: Ownwell