Farina, Clay County, Illinois Property Taxes
Property Taxes in Farina, Illinois
Median Farina, Illinois effective property tax rate: 1.82%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Farina, Illinois home value: $55,917
Median annual Farina, Illinois tax bill: $1,028, lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in Farina, 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 Farina's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farina, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Farina, Clay County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$1,018
$944
How Does the Farina Property Tax Calculator Work?
Use this Farina property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Farina's median effective tax rate of 1.82% — based on actual property records in Clay County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Farina'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 Farina: rates range from 1.82% in 62838 to 1.82% in 62838, 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 Farina.
About Farina Property Taxes
About Property Taxes in Farina, Clay, Illinois
Farina’s median effective property tax rate of 1.82% 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 (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Farina. Homeowners in the 62838 ZIP code carry a median effective rate of 1.82%, while those in the same ZIP also pay 1.82%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Clay County. Understanding which part of Farina you live in can make a meaningful difference to your annual tax bill.
Farina 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 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 Farina, 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 Farina'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 Farina Tax Rate
1.82%
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 Farina, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62838 | 0.59% | 1.23% | 1.82% | 2.10% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Farina, Clay County, Illinois
When examining property taxes in Farina, 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 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 Farina.
For example, the median home price in Farina is $55,917, with tax bills ranging significantly across the county. 62838 has the highest median home price at $55,917.
Property Tax Assessment Values Across Farina, Clay County, Illinois
Source: Ownwell
$39,561
$53,808
$68,055
Median Farina Market Value
$55,917
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 Farina, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62838 | $13,068 | $24,970 | $55,917 | $102,044 | $148,800 |
Source: Ownwell
Property Tax Bills Across Farina, Clay County, Illinois
Property tax bills in Farina are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value, and the final bill reflects how the property is classified and what local taxing authorities require. For homeowners, that means two similar homes can receive different tax bills if their assessed values differ.
The typical home value in Farina is $55,917, and the median property tax bill is $1,028, which is below the national median property tax bill of $2,400. Bills can still vary widely: the 25th percentile is $252, while the 75th percentile is $1,997, and the 90th percentile reaches $3,077. That spread shows how assessment differences and local tax rates can affect what homeowners pay each year.
Median Farina Tax Bill
$1,028
Median Clay County Tax Bill
$804
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Farina, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62838 | $64 | $252 | $1,028 | $1,997 | $3,077 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Clay Tax Assessor | |
| Website | clayil.devnetwedge.com |