618 - 632 -8443 , 800 - 231 - 5588

Tax Rates


Tax Considerations….The O'Fallon/Shiloh Area

For general tax circumstances in Illinois, see the "Taxes" section of the Illinois Overview, on this site, where real estate taxes, sales taxes, gasoline taxes and income taxes are described. Illinois relies primarily on local real estate taxes and income taxes to support local schools….(with dependence on real estate more, and income taxes less, than in neighboring Missouri.)

Here's a breakdown of a typical 2008 real estate tax bill for O'Fallon, (the bill payable 2009.)


St. Clair County General

.9161

O'Fallon Township

.0600

O'Fallon Road

.2628

City of O'Fallon

.7252

O'Fallon District # 90

2.9568

O'Fallon HS District # 203

1.8999

SWIC (Jr. College) #522

.3574

City of O'Fallon Library

.1480

   

Total Rate:

7.3262

 

Keep in mind that in Illinois, assessed values are 1/3 of "real", and that this rate applies to the assessed value, equals $ 7.0669 per $ 100 of assessed value, or 7.0669% of assessed value.

 


This shows that the bulk of local real estate taxes go to local schools.  The following chart is typical.

tax

 

Obviously, the breakdown shows exactly where the tax money goes, too, and the preponderance goes to local schools.

Real Estate Taxes in the O'Fallon area are not out of line with other communities in SW Illinois.

Illinois also provides for some deductions against real estate taxes on all owner-occupied homes, and other deductions for senior citizens.

Resources available from us: ( also posted in our Library, under "SW Illinois", and "Data and Demographics") include the following.

  • A St. Clair County Chart Showing how real estate taxes are used
  • Actual Tax Rates in Various SW Illinois Communities
  • A summary of real estate tax deductions available in Illinois
  • A discussion of various tax differences, comparing Missouri and Illinois



info@ofallonhomes.com

Or call...

618-632-8443 or Toll Free 800-231-5588

515 W. Highway 50
O'Fallon, Illinois 62269

 

Team Creations Inc.®
All Rights Reserved 2001 - 2009