Flanagan, Livingston County, Illinois Property Taxes
Property Taxes in Flanagan, Illinois
Median Flanagan, Illinois effective property tax rate: 3.44%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Flanagan, Illinois home value: $152,264
Median annual Flanagan, Illinois tax bill: $5,438, $3,038 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston County calculated?
Property taxes in Flanagan, 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 Flanagan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Flanagan, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Flanagan, Livingston County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.44%
Estimate Property Tax Bill
$5,238
$4,861
How Does the Flanagan Property Tax Calculator Work?
Use this Flanagan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Flanagan's median effective tax rate of 3.44% — based on actual property records in Livingston 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 Flanagan'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 Flanagan: rates range from $5,438 in 61740 to $5,438 in 61740, 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 Flanagan.
About Flanagan Property Taxes
About Property Taxes in Flanagan, Livingston, Illinois
Flanagan’s median effective property tax rate of 3.44% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Livingston 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 Flanagan. Homeowners in ZIP code 61740 carry a median effective rate of 3.44%, while those in the same ZIP code also pay 3.44%. This reflects how school district boundaries and local assessment districts are drawn across Livingston County. Understanding which part of Flanagan you live in can make a meaningful difference to your annual tax bill.
Flanagan homeowners who believe their assessed value is too high can file a formal appeal with the Livingston County 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 Flanagan, Livingston 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 Flanagan'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 Flanagan Tax Rate
3.44%
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 Livingston County Tax Rate
3.08%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Flanagan, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61740 | 2.70% | 2.94% | 3.44% | 3.94% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Flanagan, Livingston County, Illinois
When examining property taxes in Flanagan, 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 Livingston 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 Livingston 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 Flanagan.
For example, the median home price in Flanagan is $152,264, with tax bills ranging significantly across the county. 61740 has the highest median home price at $152,264.
Property Tax Assessment Values Across Flanagan, Livingston County, Illinois
Source: Ownwell
$116,762
$168,127
$219,492
Median Flanagan Market Value
$152,264
Median Livingston County Market Value
$143,247
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Flanagan, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61740 | $16,790 | $109,304 | $152,264 | $222,659 | $317,512 |
Source: Ownwell
Property Tax Bills Across Flanagan, Livingston County, Illinois
Property tax bills in Flanagan are based on the assessed value of a home, which is the amount local officials assign for tax purposes. That value is then multiplied by the local tax rate to determine the bill, so a higher assessed value usually means a higher property tax bill. Factors such as home value, local government budgets, and school funding needs all play a role in the final amount.
With a median home price of $152,264, homeowners in Flanagan can face property tax bills that vary widely depending on how their property is assessed. The 25th percentile tax bill is $3,858, while the 75th percentile is $7,783 and the 90th percentile reaches $12,689. The median tax bill is $5,438, which is well above the national median property tax bill of $2,400 and reflects a heavier tax burden than the national median property tax rate of 1.02%. For homeowners, that can mean a larger share of housing costs goes toward property taxes each year.
Median Flanagan Tax Bill
$5,438
Median Livingston County Tax Bill
$5,077
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Flanagan, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61740 | $2,825 | $3,858 | $5,438 | $7,783 | $12,689 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Livingston Tax Assessor | |
| Website | livingstonil.devnetwedge.com |