Serena, Lasalle County, Illinois Property Taxes

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

Median Serena, IL effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Serena, IL home value: $13,764
Median annual Serena, IL tax bill: $305, $2,095 lower than the national median property tax bill of $2,400.

How are property taxes in LaSalle calculated?

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

Last Updated March 1, 2025

Serena, Lasalle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$499

$463

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

Property Tax Rates Across Serena, Lasalle County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Serena, located in LaSalle County, Illinois, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This reflects the local government's need to fund public services and infrastructure. Comparing Serena’s rate to other cities in Illinois highlights the variability within the state, where local economic conditions and budgetary requirements influence tax rates.

Despite being above the national median, Serena's rate aligns with Illinois' overall trend of higher property taxes, which often fund essential public services. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By comparing these rates, property owners can better assess their financial planning and explore potential avenues for tax appeal or exemption services.

Property Tax Rates Across Serena, Lasalle County, Illinois

Source: Ownwell

2.04%

2.80%

3.56%

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 Serena Tax Rate

2.00%

Median Effective Lasalle County Tax Rate

2.91%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Serena, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60549	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Serena, Lasalle County, Illinois

When examining property taxes in Serena, 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. LaSalle County 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 LaSalle 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 Serena. For example, the median home price in Serena is $13,764, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Serena, Lasalle County, Illinois

Source: Ownwell

$64,317

$170,619

$276,921

Median Serena Market Value

$24,939

Median Lasalle County Market Value

$101,838

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Serena, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60549	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Serena, Lasalle County, Illinois

In Serena, located in LaSalle County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in the area is $13,764, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $187, while the 75th percentile reaches $1,935, and the 90th percentile goes up to $2,914. These figures highlight the range of potential tax burdens homeowners might face, depending on their property's assessed value and any applicable exemptions or deductions. With the national median property tax rate at 1.02% and a median bill of $2,400, Serena's property taxes can be relatively high in comparison, especially for those at the upper end of the tax bill spectrum. Ownwell assists homeowners in reducing their property tax burdens by providing expert property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell helps ensure homeowners in Serena pay only their fair share.

Property Tax Bills Across Serena, Lasalle County, Illinois

Source: Ownwell

$1,866

$3,920

$5,974

Median Serena Tax Bill

$498

Median Lasalle County Tax Bill

$2,856

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Serena, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60549	N/A	N/A	N/A	N/A	N/A

Source: Ownwell