Marshall County, Illinois Property Taxes

What Are Effective Property Tax Rates Across Marshall County?

Local government entities set tax rates, which vary widely across Marshall County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare Marshall County's effective property tax rate to other counties in Illinois or the U.S. median of 1.02%.

Marshall County's median effective rate stands at 2.89%, which is higher than the national median of 1.02%. Within Marshall County, the highest rate is found in Toluca at 3.33%, while Chillicothe has the lowest at 2.69%.

These variations reflect differences in local school district levies, Special service areas (SSAs) assessments, and special district bonds — which compound the base county rate.

Property tax bills in Marshall County, Illinois are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the final bill, so two homes with similar market values can still owe different amounts if their assessments or tax rates differ. Factors such as location, local government budgets, school funding, and any exemptions a homeowner qualifies for can all affect the amount due.

With a median home price of $135,138, homeowners in Marshall County can see a wide range in property tax bills. The 25th percentile tax bill is $2,123, while the 75th percentile is $5,822 and the 90th percentile reaches $8,493. The lowest median tax bill is $2,798 in Chillicothe, while the highest median tax bill is $5,040 in Magnolia. Compared with the national median property tax bill of $2,400, many homeowners here face higher-than-average costs, which can significantly affect monthly housing expenses and long-term affordability.