Clay City, Clay County, Illinois Property Taxes
Property Taxes in Clay City, Illinois
Median Clay City, Illinois effective property tax rate: 1.66%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Clay City, Illinois home value: $46,510
Median annual Clay City, Illinois tax bill: $700, lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Clay City, 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 Clay City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clay City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Clay City, Clay County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.66%
Estimate Property Tax Bill
$772
$716
How Does the Clay City Property Tax Calculator Work?
Use this Clay City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Clay City's median effective tax rate of 1.66% — based on actual property records in Clay 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 Clay City'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 Clay City: rates range from 700.00 in 62824 to 700.00 in 62824, 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 Clay City.
About Clay City Property Taxes
About Property Taxes in Clay City, Clay, Illinois
Clay City’s median effective property tax rate of 1.66% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Clay 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 Clay City. Homeowners in ZIP code 62824 carry a median effective rate of 1.66%, and the same ZIP code also has the city’s median tax bill of $700 and median home price of $46,510. Understanding how your assessed value and local levies are set can make a meaningful difference to your annual tax bill.
Clay City homeowners who believe their assessed value is too high can file a formal appeal with the Clay County 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 Clay City, Clay 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 Clay City’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 Clay City Tax Rate
1.66%
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 Clay County Tax Rate
1.75%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clay City, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62824 | 0.46% | 1.05% | 1.66% | 1.94% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Clay City, Clay County, Illinois
When examining property taxes in Clay City, 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 Clay County assessment 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.
Assessment notices:
In Clay 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 Clay City.
For example, the median home price in Clay City is $46,510, with tax bills ranging significantly across the county. 62824 has the highest median home price at $46,510.
Property Tax Assessment Values Across Clay City, Clay County, Illinois
Source: Ownwell
$39,561
$53,808
$68,055
Median Clay City Market Value
$46,510
Median Clay County Market Value
$51,015
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Clay City, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62824 | $10,908 | $20,896 | $46,510 | $86,912 | $139,520 |
Source: Ownwell
Property Tax Bills Across Clay City, Clay County, Illinois
Clay City property tax bills are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property is reassessed, its market value is compared with similar homes, and that assessed value becomes the starting point for the bill. Local budgets for schools, roads, and other services also affect how much homeowners owe.
With a median home price of $46,510, Clay City homeowners often see smaller bills than many owners nationwide, where the median property tax bill is $2,400 and the median rate is 1.02%. In Clay County, the tax bill can vary widely: the 25th percentile is $216, the 75th percentile is $1,455, and the 90th percentile is $2,523.
Because taxes are tied to assessed value, homeowners with higher-valued homes or fewer exemptions may pay more. A lower assessment can reduce the bill, while a higher one can increase it and affect monthly housing costs.
Median Clay City Tax Bill
$700
Median Clay County Tax Bill
$804
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Clay City, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62824 | $74 | $216 | $700 | $1,455 | $2,523 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Clay Tax Assessor | |
| Website | clayil.devnetwedge.com |