Valmeyer, Monroe County, Illinois Property Taxes
Property Taxes in Valmeyer, Illinois
Median Valmeyer, Illinois effective property tax rate: 0.00%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Valmeyer, Illinois home value: $171,480
Median annual Valmeyer, Illinois tax bill: $0, lower than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Valmeyer, 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 Valmeyer's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valmeyer, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Valmeyer, Monroe County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0%
Estimate Property Tax Bill
$0
How Does the Valmeyer Property Tax Calculator Work?
Use this Valmeyer property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Valmeyer's median effective tax rate of 0.00% — based on actual property records in Monroe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Valmeyer's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Valmeyer: rates range from 0.00% in 62295 to 0.00% in 62295, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Valmeyer.
About Valmeyer Property Taxes
About Property Taxes in Valmeyer, Monroe, Illinois
Valmeyer’s median effective property tax rate of 0.00% is lower than the Illinois state median of 2.33% and lower than the national median of 1.02%. This rate reflects the Monroe County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Valmeyer. Homeowners in the ZIP code with the highest median effective rate pay more than those in the lowest-rate ZIP code, reflecting how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Valmeyer you live in can make a meaningful difference to your annual tax bill.
Valmeyer homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Valmeyer, Monroe 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 Valmeyer'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 ÷ 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 Valmeyer Tax Rate
0.00%
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 Monroe County Tax Rate
0.00%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Valmeyer, Monroe County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62295 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Valmeyer, Monroe County, Illinois
When examining property taxes in Valmeyer, 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 Monroe 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 Monroe 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 Valmeyer.
For example, the median home price in Valmeyer is $171,480, with tax bills ranging significantly across the county.
Median Valmeyer Market Value
$171,480
Median Monroe County Market Value
$233,520
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Valmeyer, Monroe County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62295 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Valmeyer, Monroe County, Illinois
How are property tax bills calculated in Valmeyer?
Property tax bills in Valmeyer are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. The assessed value is meant to reflect the market value of the property, and local budgets for schools, roads, and other services help determine how much tax is owed. Because property taxes are tied to assessed value, a higher-valued home usually results in a larger bill.
What factors affect a homeowner’s bill? Changes in market conditions, local tax rates, and any exemptions a homeowner qualifies for can all influence the final amount. For homeowners, this means a property tax bill can change even if the home itself has not.
In Valmeyer, the median home price is $171,480, which helps show how local property values shape tax obligations.
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Valmeyer, Monroe County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62295 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | propertytaxonline.org |