Princeville, Stark County, Illinois Property Taxes
Property Taxes in Princeville, Illinois
Median Princeville, Illinois effective property tax rate: 2.54%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Princeville, Illinois home value: $269,775
Median annual Princeville, Illinois tax bill: $6,683, higher than the national median property tax bill of $2,400.
How are property taxes in Stark calculated?
Property taxes in Princeville, 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 Princeville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Princeville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Princeville, Stark County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.54%
Estimate Property Tax Bill
$6,852
$6,359
How Does the Princeville Property Tax Calculator Work?
Use this Princeville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Princeville's median effective tax rate of 2.54% — based on actual property records in Stark 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 Princeville'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 Princeville: rates range from $6,683 in 61559 to $6,683 in 61559, primarily due to differences in school district levies and local assessment districts.
Princeville's median effective tax rate is higher than the 1.02% national median property tax rate and higher than Illinois' 2.33% state median tax rate. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Princeville.
About Princeville Property Taxes
About Property Taxes in Princeville, Stark, Illinois
Princeville’s median effective property tax rate of 2.54% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Stark County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Princeville. Homeowners in the 61559 ZIP code carry a median effective rate of 2.54%, while those in the same ZIP code also pay 2.54%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Stark County. Understanding which part of Princeville you live in can make a meaningful difference to your annual tax bill.
Princeville 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 Princeville, Stark 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 Princeville'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 Ă· 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 Princeville Tax Rate
2.54%
Our median effective property tax rate (tax bill Ă· 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 Stark County Tax Rate
2.47%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Princeville, Stark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61559 | 2.15% | 2.29% | 2.54% | 2.59% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Princeville, Stark County, Illinois
When examining property taxes in Princeville, 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 Stark 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 Stark 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. For example, the median home price in Princeville is $269,775, with tax bills ranging significantly across the county. ZIP code 61559 has the highest median home price at $269,775.
Property Tax Assessment Values Across Princeville, Stark County, Illinois
Source: Ownwell
$151,448
$210,612
$269,775
Median Princeville Market Value
$269,775
Median Stark County Market Value
$164,277
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Princeville, Stark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61559 | $47,044 | $118,017 | $269,775 | $338,564 | $402,226 |
Source: Ownwell
Property Tax Bills Across Princeville, Stark County, Illinois
Property tax bills in Princeville are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing bodies use that assessed value to determine how much each homeowner owes, and the final bill reflects the combined rates from schools, county services, and other local jurisdictions.
With a median home price of $269,775, homeowners can see very different tax bills depending on how their property is assessed and where it is located within Stark County. The 25th percentile tax bill is $2,476, while the 75th percentile is $8,338 and the 90th percentile reaches $10,320. The median tax bill in ZIP code 61559 is $6,683.
For homeowners, this means property taxes can have a major effect on yearly housing costs, especially when assessed values rise faster than expected.
Median Princeville Tax Bill
$6,683
Median Stark County Tax Bill
$3,805
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Princeville, Stark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61559 | $1,109 | $2,476 | $6,683 | $8,338 | $10,320 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Stark Tax Assessor | |
| Website | propertytaxonline.org |