Sumner, Richland County, Illinois Property Taxes

Name: Property Tax Bills Across Sumner, Richland County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sumner, IL effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Sumner, IL home value: $71,542
Median annual Sumner, IL tax bill: $1,109, $1,291 lower than the national median property tax bill of $2,400.

How are property taxes in Richland calculated?

Property taxes in Sumner, IL 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 Sumner’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sumner, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sumner, Richland County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.56%

Estimate Property Tax Bill

$1,116

$1,036

Ownwell’s Sumner Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sumner with just two data points. By entering your property's estimated assessed value, our calculator applies Sumner’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lawrence County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sumner, Richland County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Sumner’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Sumner, located in Lawrence County, Illinois, the effective property tax rate is a significant point of interest for homeowners. The rate in Sumner is higher than the national median property tax rate of 1.02%. This difference can impact homeowners' annual expenses, making it crucial for property owners to understand their tax obligations. Comparing Sumner's rate to the state median can provide valuable insights for those considering buying or selling property in the area. Understanding these rates can also help homeowners assess whether they might benefit from a property tax appeal or exemption, potentially reducing their financial burden.

Property Tax Rates Across Sumner, Richland County, Illinois

Source: Ownwell

1.85%

1.99%

2.13%

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 Sumner Tax Rate

1.56%

Median Effective Richland County Tax Rate

1.98%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sumner, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62466	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sumner, Richland County, Illinois

When examining property taxes in Sumner, IL, 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.

In Richland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Sumner.

For example, the median home price in Sumner is $71,542, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Sumner, Richland County, Illinois

Source: Ownwell

$82,050

$118,650

$155,250

Median Sumner Market Value

$71,542

Median Richland County Market Value

$112,318

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sumner, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62466	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sumner, Richland County, Illinois

In Sumner, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, and local tax authorities set the tax rate. Homeowners in Richland County face a median property tax bill of approximately $1,211, which is below the national median of $2,400. This suggests that while property taxes in Sumner are relatively low, they can still be a significant expense for homeowners, especially those with homes valued above the median price of $71,542. Various factors, such as changes in property values or adjustments in local tax rates, can impact the final tax bill. Ownwell assists homeowners by providing property tax appeal and exemption services, helping to potentially reduce their tax burden. By analyzing property assessments and ensuring accuracy, Ownwell can identify opportunities for savings, making the process less daunting and more manageable for homeowners seeking to lower their property tax bills.

Property Tax Bills Across Sumner, Richland County, Illinois

Source: Ownwell

$1,525

$2,254

$2,982

Median Sumner Tax Bill

$1,109

Median Richland County Tax Bill

$2,107

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Sumner, Richland County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62466	N/A	N/A	N/A	N/A	N/A

Source: Ownwell