Parkersburg, Richland County, Illinois Property Taxes
Property Taxes in Parkersburg, Illinois
Median Parkersburg, Illinois effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Parkersburg, Illinois home value: $110,076
Median annual Parkersburg, Illinois tax bill: $2,743, $343 higher than the national median property tax bill of $2,400.
How are property taxes in Richland calculated?
Property taxes in Parkersburg, 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 Parkersburg's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parkersburg, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Parkersburg, Richland County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.28%
Estimate Property Tax Bill
$2,510
$2,329
How Does the Parkersburg Property Tax Calculator Work?
Use this Parkersburg property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Parkersburg's median effective tax rate of 2.28% — based on actual property records in Richland 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 Parkersburg'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 Parkersburg: rates range from 2.28% in 62452 to 2.28% in 62452, 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 Parkersburg.
About Parkersburg Property Taxes
About Property Taxes in Parkersburg, Richland, Illinois
Parkersburg’s median effective property tax rate of 2.28% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Richland 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 Parkersburg. Homeowners in the 62452 ZIP code carry a median effective rate of 2.28%, while the lowest ZIP code also pays 2.28%. That means there is no spread across the city, but school district boundaries and local assessment districts still shape how taxes are calculated in Richland County.
Parkersburg homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before January 1, 1900.
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 Parkersburg, Richland 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 Parkersburg'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 Parkersburg Tax Rate
2.28%
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 Richland County Tax Rate
2.29%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parkersburg, Richland County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62452 | 0.92% | 1.77% | 2.28% | 2.57% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Parkersburg, Richland County, Illinois
When examining property taxes in Parkersburg, 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 Richland 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 Richland 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 Parkersburg.
For example, the median home price in Parkersburg is $110,076, with tax bills ranging significantly across the county. 62452 has the highest median home price at $110,076.
Property Tax Assessment Values Across Parkersburg, Richland County, Illinois
Source: Ownwell
$72,603
$119,903
$167,202
Median Parkersburg Market Value
$110,076
Median Richland County Market Value
$86,475
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Parkersburg, Richland County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62452 | $21,005 | $60,274 | $110,076 | $164,200 | $239,700 |
Source: Ownwell
Property Tax Bills Across Parkersburg, Richland County, Illinois
Property tax bills in Parkersburg are based on the assessed value of a home, not its market listing price. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, so a higher assessment usually means a larger tax bill. Factors such as home characteristics, location, and local tax rates all play a role in the final amount.
For homeowners in Parkersburg, this can create meaningful differences from one property to another. With a median home price of $110,076, tax bills can still vary widely, from $1,243 at the 25th percentile to $4,020 at the 75th percentile. The median tax bill in the area is $2,743, which is above the national median property tax bill of $2,400. That means many homeowners may pay more than the typical U.S. homeowner, making it important to understand how the bill is calculated and whether the assessed value is accurate.
Median Parkersburg Tax Bill
$2,743
Median Richland County Tax Bill
$1,915
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Parkersburg, Richland County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62452 | $529 | $1,243 | $2,743 | $4,020 | $6,172 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Richland Tax Assessor | |
| Website | www.govtechtaxpro.com |