Galatia, Williamson County, Illinois Property Taxes
Median Galatia, IL effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Galatia, IL home value: $188,242
Median annual Galatia, IL tax bill: $3,861, $1,461 higher than the national median property tax bill of $2,400.
How are property taxes in Williamson calculated?
Property taxes in Galatia, 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 Galatia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Galatia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Galatia, Williamson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.17%
Estimate Property Tax Bill
$3,502
$3,250
Property Tax Rates Across Galatia, Williamson County, Illinois
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Galatia, located in Williamson County, the effective property tax rate is significantly higher than the national median. This difference can impact property owners' financial planning and the overall cost of homeownership. Comparatively, Illinois has a median property tax rate that is also higher than the national median, reflecting a broader trend within the state.
Understanding these differences is crucial for homeowners who want to manage their expenses effectively. By comparing Galatia’s rate to other cities in Illinois and the national average, property owners can better anticipate their tax liabilities and explore potential savings through appeals or exemptions.
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 Galatia Tax Rate
2.17%
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 Williamson County Tax Rate
2.31%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Galatia, Williamson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62935 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Galatia, Williamson County, Illinois
When examining property taxes in Galatia, 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 Williamson County Assessor’s 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.
In Williamson 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 Galatia. For example, the median home price in Galatia is $188,242, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Galatia, Williamson County, Illinois
Source: Ownwell
$28,710
$84,180
$139,650
Median Galatia Market Value
$161,378
Median Williamson County Market Value
$92,430
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Galatia, Williamson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62935 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Galatia, Williamson County, Illinois
In Galatia, located in Williamson County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's market value, location, and any applicable exemptions influence the assessed value. Homeowners in Galatia face property tax bills that often exceed the national median of $2,400. For instance, the 25th percentile tax bill is $3,087, and the 75th percentile is $4,444, showcasing a significant burden compared to the national average.
High property taxes can place a financial strain on homeowners, making it crucial to ensure that they are not overpaying. Ownwell helps homeowners in Galatia by providing property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with market trends, Ownwell can identify discrepancies and potentially reduce your tax bill, ensuring you only pay your fair share.
Median Galatia Tax Bill
$3,542
Median Williamson County Tax Bill
$1,966
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Galatia, Williamson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62935 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell