New Memphis, Clinton County, Illinois Property Taxes
Property Taxes in New Memphis, Illinois
Median New Memphis, Illinois effective property tax rate: 1.92%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median New Memphis, Illinois home value: $109,917
Median annual New Memphis, Illinois tax bill: $1,881, lower than the national median property tax bill of $2,400.
How are property taxes in Clinton calculated?
Property taxes in New Memphis, 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 New Memphis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Memphis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New Memphis, Clinton County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.92%
Estimate Property Tax Bill
$2,110
$1,958
How Does the New Memphis Property Tax Calculator Work?
Use this New Memphis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New Memphis's median effective tax rate of 1.92% — based on actual property records in Clinton 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 New Memphis'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 New Memphis: rates range from 1.92% in 62266 to 1.92% in 62266, 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 New Memphis.
About New Memphis Property Taxes
About Property Taxes in New Memphis, Clinton, Illinois
New Memphis’s median effective property tax rate of 1.92% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Clinton 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 New Memphis. Homeowners in the 62266 ZIP code carry a median effective rate of 1.92%, while those in the same ZIP also pay 1.92%. This spread reflects how school district boundaries and local assessment districts are drawn across Clinton County. Understanding which part of New Memphis you live in can make a meaningful difference to your annual tax bill.
New Memphis 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 New Memphis, Clinton 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 New Memphis'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 New Memphis Tax Rate
1.92%
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 Clinton County Tax Rate
2.02%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Memphis, Clinton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62266 | 1.54% | 1.74% | 1.92% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across New Memphis, Clinton County, Illinois
When examining property taxes in New Memphis, 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 Clinton 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 Clinton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in New Memphis is $109,917, with tax bills ranging significantly across the county. 62266 has the highest median home price at $109,917.
Property Tax Assessment Values Across New Memphis, Clinton County, Illinois
Source: Ownwell
$56,910
$143,183
$229,455
Median New Memphis Market Value
$109,917
Median Clinton County Market Value
$152,625
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Memphis, Clinton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62266 | $52,851 | $80,168 | $109,917 | $159,885 | $196,320 |
Source: Ownwell
Property Tax Bills Across New Memphis, Clinton County, Illinois
Property tax bills in New Memphis are based on the assessed value of a home and the local tax rate set by taxing authorities. The bill is determined by multiplying the assessed value by the applicable rate, so changes in market value can affect what a homeowner owes.
Several factors are considered when calculating the tax bill, including the home’s assessed value, local tax rates, and any exemptions that may apply. With a median home price of $109,917, property taxes can represent a meaningful part of ownership costs for many homeowners.
In New Memphis, the median property tax bill is $1,881, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $1,425 and the 75th percentile at $2,956.
For homeowners, this means property taxes can have a real impact on monthly budgeting and long-term housing costs.
Median New Memphis Tax Bill
$1,881
Median Clinton County Tax Bill
$2,950
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across New Memphis, Clinton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62266 | $664 | $1,425 | $1,881 | $2,956 | $3,563 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Clinton Tax Assessor | |
| Website | il1206.cichosting.com |