Paris, Edgar County, Illinois Property Taxes

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

Median Paris, IL effective property tax rate: 2.91%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Paris, IL home value: $4,560
Median annual Paris, IL tax bill: $127, $2,273 lower than the national median property tax bill of $2,400.

How are property taxes in Edgar County calculated?

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

Last Updated March 1, 2025

Paris, Edgar County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.91%

Estimate Property Tax Bill

$133

$123

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

Property Tax Rates Across Paris, Edgar County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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.

In Paris, located in Edgar County, IL, the effective property tax rate is notably higher than the national median. This can significantly impact homeowners, as the property tax bill in Paris is likely well above the national median of $2400. Compared to other cities in Illinois, Paris stands out with its elevated tax rate, which is also higher than the state median. For homeowners in Paris, understanding these rates is crucial, as they directly influence the cost of owning property. It's essential for property owners to stay informed and consider appealing their property tax assessments if they believe their property is over-assessed.

Property Tax Rates Across Paris, Edgar County, Illinois

Source: Ownwell

2.27%

2.59%

2.91%

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 Paris Tax Rate

2.91%

Median Effective Edgar County Tax Rate

2.63%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Paris, Edgar County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61944	2.05%	2.21%	2.91%	2.92%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Paris, Edgar County, Illinois

When examining property taxes in Paris, 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 Edgar 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. Assessment notices: In Edgar County, assessment notices are sent 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 Paris. For example, the median home price in Paris is $4,560, with tax bills ranging significantly across the county. 61944 has the highest median home price at $4,560.

Property Tax Assessment Values Across Paris, Edgar County, Illinois

Source: Ownwell

$3,885

$4,223

$4,560

Median Paris Market Value

$4,560

Median Edgar County Market Value

$3,960

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Paris, Edgar County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61944	$1,179	$3,210	$4,560	$10,500	$39,090

Source: Ownwell

Property Tax Bills Across Paris, Edgar County, Illinois

In Paris, located in Edgar County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Paris face a median property tax bill of $127, significantly lower than the national median of $2400. However, this can still be a burden for some, especially when the tax bill can reach up to $1062 for those in the 90th percentile. Factors such as property improvements, changes in market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. Ownwell offers expert property tax appeal services to help homeowners potentially reduce their tax bills. By analyzing assessment data, identifying discrepancies, and filing appeals on behalf of homeowners, Ownwell aims to ensure fair taxation and alleviate the financial pressure of property taxes.

Property Tax Bills Across Paris, Edgar County, Illinois

Source: Ownwell

$86

$107

$127

Median Paris Tax Bill

$127

Median Edgar County Tax Bill

$113

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Paris, Edgar County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61944	$30	$84	$127	$279	$1,062

Source: Ownwell