Bingham, Fayette County, Illinois Property Taxes
Property Taxes in Bingham, Illinois
Median Bingham, Illinois effective property tax rate: 1.83%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Bingham, Illinois home value: $63,404
Median annual Bingham, Illinois tax bill: $945, lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Bingham, 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 Bingham's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bingham, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bingham, Fayette County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$1,160
$1,077
How Does the Bingham Property Tax Calculator Work?
Use this Bingham property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bingham's median effective tax rate of 1.83% — based on actual property records in Fayette County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment 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 Bingham'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 Bingham: rates range from 1.83% in 62011 to 1.83% in 62011, 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 Bingham.
About Bingham Property Taxes
About Property Taxes in Bingham, Fayette, Illinois
Bingham’s median effective property tax rate of 1.83% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Fayette 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 Bingham. Homeowners in the 62011 ZIP code carry a median effective rate of 1.83%, while those in 62011 pay 1.83%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Fayette County. Understanding which part of Bingham you live in can make a meaningful difference to your annual tax bill.
Bingham 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 Bingham, Fayette 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 Bingham'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 Ă· 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 Bingham Tax Rate
1.83%
Our median effective property tax rate (tax bill Ă· 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 Fayette County Tax Rate
1.85%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bingham, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62011 | 1.17% | 1.58% | 1.83% | 1.89% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Bingham, Fayette County, Illinois
When examining property taxes in Bingham, 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 Fayette 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 Fayette 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. 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 Bingham.
For example, the median home price in Bingham is $63,404, with tax bills ranging significantly across the county. 62011 has the highest median home price at $63,404.
Property Tax Assessment Values Across Bingham, Fayette County, Illinois
Source: Ownwell
$33,690
$74,354
$115,018
Median Bingham Market Value
$63,404
Median Fayette County Market Value
$91,032
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bingham, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62011 | $14,691 | $32,510 | $63,404 | $138,601 | $218,002 |
Source: Ownwell
Property Tax Bills Across Bingham, Fayette County, Illinois
Property tax bills in Bingham are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is then adjusted by exemptions or other qualifying factors before the final bill is set. For homeowners, this means the amount owed can change when property values change or when local taxing bodies adjust their rates.
With a median home price of $63,404, property tax bills in Bingham can vary widely. The 25th percentile tax bill is $499, while the 75th percentile is $2,142 and the 90th percentile reaches $3,311. The median tax bill is $945, which is below the national median property tax bill of $2,400 and well under the national median property tax rate of 1.02%.
Because taxes are tied to assessed value and local rates, homeowners may see differences even among similar homes.
Median Bingham Tax Bill
$945
Median Fayette County Tax Bill
$1,441
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Bingham, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62011 | $322 | $499 | $945 | $2,142 | $3,311 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Fayette Tax Assessor | |
| Website | il1193.cichosting.com |