Jacob, Jackson County, Illinois Property Taxes
Property Taxes in Jacob, Illinois
Median Jacob, Illinois effective property tax rate: 2.10%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Jacob, Illinois home value: $63,802
Median annual Jacob, Illinois tax bill: $1,332, $1,068 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson calculated?
Property taxes in Jacob, 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 Jacob's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jacob, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Jacob, Jackson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.1%
Estimate Property Tax Bill
$1,340
$1,243
How Does the Jacob Property Tax Calculator Work?
Use this Jacob property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value, and the calculator applies Jacob’s median effective tax rate of 2.10% — based on actual property records in Jackson County — to generate your estimate.
Enter your property’s estimated assessed value — the figure used to calculate your bill and one that may reflect exemptions, making it lower than market value. This calculator uses Jacob’s median effective rate across local levies, which can provide a more accurate estimate than relying on a single county millage rate.
Jacob’s median effective tax rate is lower than Illinois’s 2.33% state median tax rate and higher than the median rate in Jackson County. The median property tax bill is $1,332, which is $1,068 lower than the state median bill.
Your bill may still vary by ZIP code within Jacob. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Jacob.
About Jacob Property Taxes
About Property Taxes in Jacob, Jackson, Illinois
Jacob's median effective property tax rate of 2.10% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Jackson 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 Jacob. Homeowners in the 62950 ZIP code carry a median effective rate of 2.10%, while those in the same ZIP code pay 2.10%. This reflects how school district boundaries and local assessment districts are drawn across Jackson County.
Jacob homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 1, 2026.
If your estimated bill 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 Jacob, Jackson 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 JACOB'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 Ă· 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 Jacob Tax Rate
2.10%
Our median effective property tax rate (tax bill Ă· 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 Jackson County Tax Rate
2.77%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jacob, Jackson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62950 | 0.93% | 1.58% | 2.10% | 2.72% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Jacob, Jackson County, Illinois
When examining property taxes in Jacob, 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 Jackson 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 Jackson County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Jacob.
For example, the median home price in Jacob is $63,802, with tax bills ranging significantly across the county. 62950 has the highest median home price at $63,802.
Property Tax Assessment Values Across Jacob, Jackson County, Illinois
Source: Ownwell
$31,743
$93,434
$155,124
Median Jacob Market Value
$63,802
Median Jackson County Market Value
$91,218
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jacob, Jackson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62950 | $21,862 | $38,884 | $63,802 | $98,209 | $133,574 |
Source: Ownwell
Property Tax Bills Across Jacob, Jackson County, Illinois
Property tax bills in Jacob are based on the assessed value of a home and the tax rate set by local taxing authorities. The assessed value is used to calculate what a homeowner owes, so changes in market value can affect the final bill. With a median home price of $63,802, even modest shifts in assessment can make a noticeable difference for homeowners.
The tax bill is shaped by several factors, including the home’s assessed value, local tax rates, and any exemptions that may apply. In Jackson County, property tax bills can vary widely, with the 25th percentile at $753, the 75th percentile at $2,520, and the 90th percentile at $3,959. The median tax bill is $1,332 in ZIP code 62950.
For homeowners, this means property taxes can be a significant ongoing cost, especially when assessments rise faster than expected.
Median Jacob Tax Bill
$1,332
Median Jackson County Tax Bill
$2,526
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Jacob, Jackson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62950 | $256 | $753 | $1,332 | $2,520 | $3,959 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Jackson Tax Assessor | |
| Website | jacksonil.devnetwedge.com |