Toluca, Marshall County, Illinois Property Taxes
Property Taxes in Toluca, Illinois
Median Toluca, Illinois effective property tax rate: 3.33%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Toluca, Illinois home value: $107,640
Median annual Toluca, Illinois tax bill: $3,393, $993 higher than the national median property tax bill of $2,400.
How are property taxes in Marshall calculated?
Property taxes in Toluca, 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 Toluca's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toluca, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Toluca, Marshall County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.33%
Estimate Property Tax Bill
$3,584
$3,326
How Does the Toluca Property Tax Calculator Work?
Use this Toluca property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Toluca's median effective tax rate of 3.33% — based on actual property records in Marshall County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Toluca's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Toluca's property tax rate is higher than the Illinois median tax rate of 2.33% and the national median property tax rate of 1.02%. The median property tax bill is $3,393, which is $993 higher than the state median property tax bill and above the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Toluca.
About Toluca Property Taxes
About Property Taxes in Toluca, Marshall, Illinois
Toluca’s median effective property tax rate of 3.33% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Marshall County base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Toluca. Homeowners in the 61369 ZIP code carry a median effective rate of 3.33%, while the lowest rate is also 3.33%. That means there is no spread across the city, but the rate still reflects how local taxing districts are set within Marshall County.
Toluca homeowners who believe their assessed value is too high can file a formal appeal with the Marshall County Tax Assessor before the June 1, 2026 deadline each year.
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 Toluca, Marshall 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 Toluca'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 Toluca Tax Rate
3.33%
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 Marshall County Tax Rate
2.89%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Toluca, Marshall County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61369 | 2.49% | 3.01% | 3.33% | 3.34% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Toluca, Marshall County, Illinois
When examining property taxes in Toluca, 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 Marshall 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 Marshall County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Toluca.
For example, the median home price in Toluca is $107,640, with tax bills ranging significantly across the county. 61369 has the highest median home price at $107,640.
Property Tax Assessment Values Across Toluca, Marshall County, Illinois
Source: Ownwell
$107,640
$138,990
$170,340
Median Toluca Market Value
$107,640
Median Marshall County Market Value
$135,138
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Toluca, Marshall County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61369 | $37,235 | $50,271 | $107,640 | $180,384 | $250,830 |
Source: Ownwell
Property Tax Bills Across Toluca, Marshall County, Illinois
How are property tax bills calculated in Toluca?
Property tax bills in Toluca are based on the assessed value of a home, which is then multiplied by the local tax rate. That assessed value is influenced by the market value of the property, along with local assessment rules and taxing authorities in Marshall County. When home values rise, tax bills can increase even if the tax rate stays the same.
What factors affect a homeowner’s bill?
A homeowner’s property tax bill reflects both the value of the home and the local services funded by property taxes. In Toluca, the median home price is $107,640, while the median property tax bill is $3,393. That is higher than the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%.
How does this affect homeowners?
Bills can vary widely, with the 25th percentile at $1,685 and the 75th percentile at $6,121. For some homeowners, that means a manageable payment, while others may face a much larger annual expense.
Median Toluca Tax Bill
$3,393
Median Marshall County Tax Bill
$3,953
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Toluca, Marshall County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61369 | $1,409 | $1,685 | $3,393 | $6,121 | $8,931 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Marshall Tax Assessor | |
| Website | propertytaxonline.org |