Griggsville, Pike County, Illinois Property Taxes
Property Taxes in Griggsville, Illinois
Median Griggsville, Illinois effective property tax rate: 2.07%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Griggsville, Illinois home value: $83,484
Median annual Griggsville, Illinois tax bill: $1,700, $700 lower than the national median property tax bill of $2,400.
How are property taxes in Pike calculated?
Property taxes in Griggsville, 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 Griggsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Griggsville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Griggsville, Pike County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.07%
Estimate Property Tax Bill
$1,728
$1,604
How Does the Griggsville Property Tax Calculator Work?
Use this Griggsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Griggsville's median effective tax rate of 2.07% — based on actual property records in Pike 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 Griggsville'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 Griggsville: rates range from 2.07% in 62340 to 2.07% in 62340, 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 Griggsville.
About Griggsville Property Taxes
About Property Taxes in Griggsville, Pike, Illinois
Griggsville’s median effective property tax rate of 2.07% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects Pike County levies and local taxing districts that affect homeowners across the city.
Property tax rates are not uniform across Griggsville. In this case, the highest and lowest median effective tax rates are both 2.07% in ZIP code 62340, so there is no ZIP-code spread within the city. That means the assessed value of your home and local taxing authorities are especially important when estimating your bill.
Griggsville homeowners who believe their assessed value is too high can file a formal appeal with the Pike County Tax Assessor before the June 6, 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 Griggsville, Pike 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 Griggsville'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 Griggsville Tax Rate
2.07%
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 Pike County Tax Rate
1.79%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Griggsville, Pike County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62340 | 1.02% | 1.58% | 2.07% | 2.49% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Griggsville, Pike County, Illinois
When examining property taxes in Griggsville, 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 Pike County assessment office 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 Pike 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 understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities and the valuation process affecting property taxes in Griggsville.
For example, the median home price in Griggsville is $83,484, with a median tax bill of $1,700. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Griggsville, Pike County, Illinois
Source: Ownwell
$57,388
$79,317
$101,246
Median Griggsville Market Value
$83,484
Median Pike County Market Value
$81,742
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Griggsville, Pike County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62340 | $23,063 | $50,060 | $83,484 | $124,985 | $201,952 |
Source: Ownwell
Property Tax Bills Across Griggsville, Pike County, Illinois
Property tax bills in Griggsville are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value, which means the final bill depends on both how a property is valued and the rates set for the area. For homeowners, this can create noticeable differences from one house to another, even within the same city.
With a median home price of $83,484, property taxes can still vary widely. The 25th percentile tax bill is $897, while the 75th percentile is $2,883 and the 90th percentile reaches $4,839. The median tax bill in ZIP code 62340 is $1,700, showing how property tax costs can stay below or rise above the national median property tax bill of $2,400. These bills affect monthly housing costs and long-term affordability, making it important for homeowners to understand how their property is assessed and taxed.
Median Griggsville Tax Bill
$1,700
Median Pike County Tax Bill
$1,400
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Griggsville, Pike County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62340 | $310 | $897 | $1,700 | $2,883 | $4,839 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 6 |
Links | |
|---|---|
| Pike Tax Assessor | |
| Website | pikeil.devnetwedge.com |