Rushville, Schuyler County, Illinois Property Taxes

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

Median Rushville, IL effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rushville, IL home value: $73,410
Median annual Rushville, IL tax bill: $1,542, $858 lower than the national median property tax bill of $2,400.

How are property taxes in Schuyler calculated?

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

Last Updated March 1, 2025

Rushville, Schuyler County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.26%

Estimate Property Tax Bill

$1,659

$1,540

Ownwell’s Rushville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rushville with just two data points. By entering your property's estimated assessed value, our calculator applies Rushville’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 Schuyler County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rushville, Schuyler County, Illinois

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation is primarily because each county annually estimates its budgetary needs to provide essential services, dividing this amount by the total value of all taxable properties within its borders. This process determines the property tax rate. Although the setting of tax rates and budgets involves votes and legal frameworks, this is the core of the annual procedure.

In Rushville, situated in Schuyler County, the effective property tax rate stands at 2.26%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Rushville's rate is among the highest in the state. This elevated rate underscores the importance of understanding local property tax variations and considering potential appeals or exemptions to manage property tax liabilities effectively. Whether you're a homeowner or investor, staying informed about these rates can significantly impact your financial planning and property investment strategies.

Property Tax Rates Across Rushville, Schuyler County, Illinois

Source: Ownwell

1.86%

2.26%

2.66%

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 Rushville Tax Rate

2.26%

Median Effective Schuyler County Tax Rate

2.25%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rushville, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62681	1.14%	1.81%	2.26%	2.57%	3.06%

Source: Ownwell

Property Tax Assessment Values Across Rushville, Schuyler County, Illinois

When examining property taxes in Rushville, 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 Schuyler 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 Schuyler County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.

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 Rushville.

For example, the median home price in Rushville is $73,410, with tax bills ranging significantly across the county. Zip code 62681 has the highest median home price at $73,410.

Property Tax Assessment Values Across Rushville, Schuyler County, Illinois

Source: Ownwell

$17,310

$51,180

$85,050

Median Rushville Market Value

$73,410

Median Schuyler County Market Value

$67,204

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rushville, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62681	$18,786	$41,187	$73,410	$112,341	$159,867

Source: Ownwell

Property Tax Bills Across Rushville, Schuyler County, Illinois

In Rushville, located in Schuyler County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as local budgetary needs and school funding requirements can influence the tax rate, impacting homeowners' bills. In Rushville, property tax bills vary significantly, with the 25th percentile at $732 and the 75th percentile reaching $2,551. This variation reflects differences in property values and tax rates within the area. The median tax bill for the region stands at $1,542, which is below the national median of $2,400. Homeowners can potentially reduce their tax burdens by appealing their property assessments. Ownwell offers expert assistance in navigating this process, helping homeowners secure exemptions and appeal assessments to lower their property tax bills effectively.

Property Tax Bills Across Rushville, Schuyler County, Illinois

Source: Ownwell

$407

$1,201

$1,995

Median Rushville Tax Bill

$1,542

Median Schuyler County Tax Bill

$1,400

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Rushville, Schuyler County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62681	$331	$732	$1,542	$2,551	$3,699

Source: Ownwell