Smithboro, Bond County, Illinois Property Taxes
Property Taxes in Smithboro, Illinois
Median Smithboro, Illinois effective property tax rate: 2.36%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Smithboro, Illinois home value: $34,073
Median annual Smithboro, Illinois tax bill: $657, lower than the national median property tax bill of $2,400.
How are property taxes in Bond calculated?
Property taxes in Smithboro, 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 Smithboro's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smithboro, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Smithboro, Bond County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.36%
Estimate Property Tax Bill
$804
$746
How Does the Smithboro Property Tax Calculator Work?
Use this Smithboro property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Smithboro's median effective tax rate of 2.36% — based on actual property records in Bond County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Smithboro'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 Smithboro: rates range from 2.36% in 62284 to 2.36% in 62284, 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 Smithboro.
About Smithboro Property Taxes
About Property Taxes in Smithboro, Bond, Illinois
Smithboro’s median effective property tax rate of 2.36% 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 can vary by subdivision throughout the city.
Property tax rates are not uniform across Smithboro. Homeowners in the 62284 ZIP code carry a median effective rate of 2.36%, while those in the same ZIP also pay 2.36%. This reflects how school district boundaries and local assessment districts are drawn across Bond County. Understanding which part of Smithboro you live in can make a meaningful difference to your annual tax bill.
Smithboro 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 Smithboro, 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 Smithboro'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 Smithboro Tax Rate
2.36%
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 Smithboro, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62284 | 1.46% | 2.01% | 2.36% | 2.50% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Smithboro, Bond County, Illinois
When examining property taxes in Smithboro, 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 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 Bond 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. 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 Smithboro.
For example, the median home price in Smithboro is $34,073, with tax bills ranging significantly across the county. 62284 has the highest median home price at $34,073.
Property Tax Assessment Values Across Smithboro, Bond County, Illinois
Source: Ownwell
$21,256
$60,411
$99,565
Median Smithboro Market Value
$34,073
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 Smithboro, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62284 | $3,351 | $9,571 | $34,073 | $91,823 | $169,801 |
Source: Ownwell
Property Tax Bills Across Smithboro, Bond County, Illinois
Property tax bills in Smithboro are based on the assessed value of a home, not its market price. Local tax rates are applied to that assessed value to determine the final bill, and those rates can reflect the needs of the county and other taxing authorities. For homeowners, this means two homes with similar market values can still have different tax bills if their assessed values or tax rates differ.
In Smithboro, the median home price is $34,073, while the median property tax bill is $657. That is far below the national median property tax bill of $2,400, which can make local taxes feel more manageable for many homeowners. Still, bills can vary widely: the 25th percentile is $218, the 75th percentile is $1,513, and the 90th percentile reaches $4,435. These differences show how property taxes can affect homeowners unevenly, depending on the assessed value of the property and the tax rate applied.
Median Smithboro Tax Bill
$657
Median Bond County Tax Bill
$1,042
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Smithboro, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62284 | $77 | $218 | $657 | $1,513 | $4,435 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Bond Tax Assessor | |
| Website | bondil.devnetwedge.com |