Carroll County Property Tax Rate (2012-2013) [Go To Different County]
Carroll County Average Property Tax
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The median property tax in Carroll County, Illinois is $1,955 per year for a home worth the median value of $98,500. Carroll County collects, on average, 1.98% of a property's estimated fair market value as property tax.
Carroll County has one of the highest median property taxes in the United States, and is ranked 476th of the 3143 counties in order of median property taxes.
The average yearly property tax paid by Carroll County residents amounts to about 3.72% of their yearly income. Carroll County is ranked 309th of the 3143 counties for property taxes as a percentage of median income.
|Median Property Tax||Percentage Of Income||Percentage Of Property Value|
|$1,955 ± 87 (476th of 3143)||3.72 ± 0.26% (309th of 3143)||1.98 ± 0.13% (85th of 3143)|
Carroll County Property Tax Calculator
While the exact property tax rate you will pay is set by the tax assessor on a property-by-property basis, you can use our Carroll County property tax estimator tool to estimate your yearly property tax. Our property tax estimates are based on the median property tax levied on similar houses in the Carroll County area.
Carroll County Property Tax Appeal
Carroll County calculates the property tax due based on the fair market value of the home or property in question, as determined by the Carroll County Property Tax Assessor. Each property is individually assessed each year, and any improvements or additions made to your property may increase its appraised value.
As a property owner, you have the right to appeal the property tax amount you are charged and request a reassessment if you believe that the value determined by the Carroll County Tax Assessor's office is incorrect. To appeal the Carroll County property tax, you must contact the Carroll County Tax Assessor's Office.
You will be provided with a property tax appeal form, on which you will provide the tax assessor's current appraisal of your property as well as your proposed appraisal and a description of why you believe your appraisal is more accurate.
Previous appraisals, expert opinions, and appraisals for similar properties may be attached to the appeal as supporting documentation. If your appeal is successful, your property will be reassessed at a lower valuation and your Carroll County property taxes will be lowered accordingly.
If your appeal is denied, you still have the option to re-appeal the decision. If no further administrative appeals can be made, you can appeal your Carroll County tax assessment in court.
Carroll County Property Tax Forclosures and Tax Liens
The Carroll County is responsible for assessing the fair market value of properties within Carroll County and determining the property tax rate that will apply. The Tax Assessor's office can also provide property tax history or property tax records for a property. These property tax records are excellent sources of information when buying a new property or appealing a recent appraisal.
Most counties' Tax Assessor's Office is located in or near the county courthouse or the local county administration building. Your last property tax assessment will include contact information for the Carroll County Tax Assessor.
Carroll County Property Tax Burden
Proceeds from the Carroll County Personal Property Tax are used locally to fund school districts, public transport, infrastructure, and other municiple government projects. Property tax income is almost always used for local projects and services, and does not go to the federal or state budget.
Unlike other taxes which are restricted to an individual, the Carroll County Property Tax is levied directly on the property. Unpaid property tax can lead to a property tax lien, which remains attached to the property's title and is the responsibility of the current owner of the property. Tax liens are not affected by transferring or selling the property, or even filing for bankruptcy. Property tax delinquency can result in additional fees and interest, which are also attached to the property title.
In cases of extreme property tax delinquency, the Carroll County Tax Board may seize the delinquent property and offer it for sale at a public tax forclosure auction, often at a price well under market value. Proceeds of the sale first go to pay the property's tax lien, and additional proceeds may be remitted to the original owner.
Carroll County Property Tax Deduction
You can usually deduct 100% of your Carroll County property tax from your Federal Income Tax Return as an itemized deduction. Illinois may also let you deduct some or all of your Carroll County property taxes on your Illinois income tax return.
For properties considered the primary residence of the taxpayer, a homestead exemption may exist. The Carroll County Homestead Exemption allows the appraised valuation of a primary residence to be reduced before calculating the property tax owed, resulting in a lower annual property tax rate.
The Homestead Exemption may also protect your home from being reposessed in the case of a property tax lien due to unpaid Carroll County property taxes.