Arcola, Douglas County, Illinois Property Taxes
Median Arcola, IL effective property tax rate: 2.31%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Arcola, IL home value: $99,255
Median annual Arcola, IL tax bill: $2,310, $90 lower than the national median property tax bill of $2,400.
How are property taxes in Douglas County calculated?
Property taxes in Arcola, 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 Arcola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Arcola, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Arcola, Douglas County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.31%
Estimate Property Tax Bill
$2,293
$2,128
Property Tax Rates Across Arcola, Douglas County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Arcola, located in Douglas County, Illinois, the effective property tax rate is notably higher than the national median. This means homeowners in Arcola are paying a larger portion of their property’s assessed value in taxes compared to many other regions. When you compare Arcola’s tax rate to other cities within Illinois, you will find that it aligns with the state’s overall trend of having higher property tax rates than the national median. This can have implications for homeowners, as higher property taxes can impact the affordability and attractiveness of owning property in the area. Understanding these rates is crucial for property owners when planning their finances and considering potential property tax appeals or exemptions.
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 Arcola Tax Rate
2.31%
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 Douglas County Tax Rate
2.16%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Arcola, Douglas County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61910 | 1.58% | 2.06% | 2.31% | 2.62% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Arcola, Douglas County, Illinois
When examining property taxes in Arcola, 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 Douglas 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.
In Douglas 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 Arcola. For example, the median home price in Arcola is $99,255, with tax bills ranging significantly across the county. 61910 has the highest median home price at $99,255.
Property Tax Assessment Values Across Arcola, Douglas County, Illinois
Source: Ownwell
$28,260
$78,968
$129,675
Median Arcola Market Value
$99,255
Median Douglas County Market Value
$101,652
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Arcola, Douglas County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61910 | $41,510 | $71,217 | $99,255 | $155,418 | $222,491 |
Source: Ownwell
Property Tax Bills Across Arcola, Douglas County, Illinois
Median Arcola Tax Bill
$2,310
Median Douglas County Tax Bill
$2,157
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Arcola, Douglas County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61910 | $740 | $1,480 | $2,310 | $3,780 | $5,517 |
Source: Ownwell