Strawn, Livingston County, Illinois Property Taxes
Median Strawn, IL effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Strawn, IL home value: $179,874
Median annual Strawn, IL tax bill: $6,491, $4,091 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in Strawn, 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 Strawn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Strawn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Strawn, Livingston County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.94%
Estimate Property Tax Bill
$5,288
$4,907
Property Tax Rates Across Strawn, Livingston County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation is 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 Strawn’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
In Illinois, the median property tax rate is 2.94%, which is significantly higher than the national median of 1.02%. Strawn, located in Livingston County, shares this median rate. This means homeowners in Strawn are likely to pay more in property taxes compared to the national average. However, understanding the assessed value of your property and the local tax rate can help you make informed decisions about appealing your property taxes or seeking 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 Strawn Tax Rate
2.94%
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 Livingston County Tax Rate
3.02%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Strawn, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61775 | 2.00% | 2.59% | 2.94% | 3.40% | 3.93% |
Source: Ownwell
Property Tax Assessment Values Across Strawn, Livingston County, Illinois
When examining property taxes in Strawn, 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 Livingston County Assessor 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 Livingston 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 Strawn. For example, the median home price in Strawn is $179,874, with tax bills ranging significantly across the county. 61775 has the highest median home price at $179,874.
Property Tax Assessment Values Across Strawn, Livingston County, Illinois
Source: Ownwell
$103,203
$160,239
$217,275
Median Strawn Market Value
$179,874
Median Livingston County Market Value
$144,219
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Strawn, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61775 | $64,520 | $118,329 | $179,874 | $312,057 | $409,575 |
Source: Ownwell
Property Tax Bills Across Strawn, Livingston County, Illinois
In Strawn, property tax bills are determined by the assessed value of a home, which is calculated as a percentage of its market value. The tax rate, set by local taxing authorities in Livingston County, is then applied to this assessed value to determine the annual tax bill. Homeowners in Strawn typically face a median property tax bill of $6,491, which is significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding how property taxes are calculated and potential avenues for savings.
Factors influencing property tax bills include changes in market value, local government budgets, and voter-approved measures. These elements can cause tax bills to fluctuate, impacting household budgets. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax burdens. By reviewing assessments and identifying discrepancies, Ownwell assists in lowering tax bills, providing significant financial relief. Homeowners in Strawn can benefit from Ownwell's services to ensure they are not overpaying and to maximize their savings.
Median Strawn Tax Bill
$6,491
Median Livingston County Tax Bill
$4,592
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Strawn, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61775 | $1,882 | $2,541 | $6,491 | $10,976 | $14,462 |
Source: Ownwell