Mulberry Grove, Bond County, Illinois Property Taxes
Property Taxes in Mulberry Grove, Illinois
Median Mulberry Grove, Illinois effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, and slightly higher than the Illinois state median of 2.33%.
Median Mulberry Grove, Illinois home value: $21,256
Median annual Mulberry Grove, Illinois tax bill: $405, $1,995 lower than the national median property tax bill of $2,400.
How are property taxes in Bond calculated?
Property taxes in Mulberry Grove, 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 Mulberry Grove's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mulberry Grove, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mulberry Grove, Bond County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.35%
Estimate Property Tax Bill
$500
$464
How Does the Mulberry Grove Property Tax Calculator Work?
Use this Mulberry Grove property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mulberry Grove's median effective tax rate of 2.35% — based on actual property records in Bond County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mulberry Grove'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 Mulberry Grove: rates range from 2.35% in 62262 to 2.35% in 62262, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mulberry Grove.
About Mulberry Grove Property Taxes
About Property Taxes in Mulberry Grove, Bond, Illinois
Mulberry Grove's median effective property tax rate of 2.35% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Bond 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 Mulberry Grove. Homeowners in the 62262 ZIP code carry a median effective rate of 2.35%, while those in the same ZIP code pay 2.35%. This spread reflects how school district boundaries and local assessment districts are drawn across Bond County. Understanding which part of Mulberry Grove you live in can make a meaningful difference to your annual tax bill.
Mulberry Grove homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill 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 Mulberry Grove, Bond 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 Mulberry Grove'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 ÷ 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 Mulberry Grove Tax Rate
2.35%
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 Bond County Tax Rate
2.38%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mulberry Grove, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62262 | 1.06% | 1.93% | 2.35% | 2.63% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Mulberry Grove, Bond County, Illinois
When examining property taxes in Mulberry Grove, 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 Bond County assessment process 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 Bond County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Mulberry Grove is $21,256, with tax bills ranging significantly across the county. ZIP code 62262 has the highest median home price at $21,256.
Property Tax Assessment Values Across Mulberry Grove, Bond County, Illinois
Source: Ownwell
$21,256
$60,411
$99,565
Median Mulberry Grove Market Value
$21,256
Median Bond County Market Value
$46,862
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mulberry Grove, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62262 | $3,404 | $7,784 | $21,256 | $67,886 | $126,101 |
Source: Ownwell
Property Tax Bills Across Mulberry Grove, Bond County, Illinois
Property tax bills in Mulberry Grove are based on the assessed value of a home and the local tax rate set by taxing authorities in Bond County. The assessed value is determined from the market value of the property, then multiplied by the applicable tax rate to calculate the bill. Local budgets, school districts, and other public services all influence how much homeowners pay.
With a median home price of $21,256, property taxes in the city are generally modest compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Still, individual bills can vary widely depending on a home’s assessed value and any exemptions or local levies that apply.
For homeowners, this means two similar houses can have different tax bills if their assessed values differ. In Mulberry Grove, the median tax bill is $405, while bills can range from $132 at the 25th percentile to $1,299 at the 75th percentile and $2,720 at the 90th percentile.
Median Mulberry Grove Tax Bill
$405
Median Bond County Tax Bill
$1,042
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Mulberry Grove, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62262 | $67 | $132 | $405 | $1,299 | $2,720 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Bond Tax Assessor | |
| Website | bondil.devnetwedge.com |