Chestnut, Logan County, Illinois Property Taxes
Property Taxes in Chestnut, Illinois
Median Chestnut, Illinois effective property tax rate: 2.68%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Chestnut, Illinois home value: $152,190
Median annual Chestnut, Illinois tax bill: $3,914, $1,514 higher than the national median property tax bill of $2,400.
How are property taxes in Logan calculated?
Property taxes in Chestnut, 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 Chestnut's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chestnut, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Chestnut, Logan County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.68%
Estimate Property Tax Bill
$4,079
$3,785
How Does the Chestnut Property Tax Calculator Work?
Use this Chestnut property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Chestnut's median effective tax rate of 2.68% — based on actual property records in Logan 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 Chestnut'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 Chestnut: rates range from 2.68% in 62518 to 2.68% in 62518, 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 Chestnut.
About Chestnut Property Taxes
About Property Taxes in Chestnut, Logan, Illinois
Chestnut’s median effective property tax rate of 2.68% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Logan County tax levy and local taxing districts that shape what homeowners pay on a $152,190 median home price.
Property tax rates are not uniform across Chestnut. The 62518 ZIP code has a median effective rate of 2.68%, and the median tax bill is $3,914. That is higher than the national median property tax bill of $2,400, showing how local assessments can push costs above the U.S. average.
Chestnut homeowners who believe their assessed value is too high can file a formal appeal with the Logan County Tax Assessor before the June 1, 2026 deadline.
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 Chestnut, Logan 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 Chestnut'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 Chestnut Tax Rate
2.68%
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 Logan County Tax Rate
2.68%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chestnut, Logan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62518 | 2.23% | 2.40% | 2.68% | 2.89% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Chestnut, Logan County, Illinois
When examining property taxes in Chestnut, 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 Logan 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 Logan 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 Chestnut.
For example, the median home price in Chestnut is $152,190, with tax bills ranging significantly across the county. 62518 has the highest median home price at $152,190.
Property Tax Assessment Values Across Chestnut, Logan County, Illinois
Source: Ownwell
$140,670
$225,360
$310,050
Median Chestnut Market Value
$152,190
Median Logan County Market Value
$162,930
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chestnut, Logan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62518 | $74,940 | $90,195 | $152,190 | $218,505 | $328,416 |
Source: Ownwell
Property Tax Bills Across Chestnut, Logan County, Illinois
Property tax bills in Chestnut are based on the assessed value of a home, not the market value alone. Local taxing authorities apply the tax rate to that assessed value, which helps determine the final bill homeowners receive each year.
For many homeowners, the size of the bill depends on how their home is assessed, the tax rates in the area, and whether any exemptions apply. With a median home price of $152,190, property taxes can still vary widely from one property to another. In Logan County, the median tax bill is $3,914.00, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%.
This means homeowners in Chestnut may face a larger annual tax burden than many households across the country. Higher tax bills can affect monthly budgets, escrow payments, and overall housing affordability, especially when assessed values rise.
Median Chestnut Tax Bill
$3,914
Median Logan County Tax Bill
$4,563
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Chestnut, Logan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62518 | $2,076 | $2,493 | $3,914 | $6,572 | $9,837 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Logan Tax Assessor | |
| Website | loganil.devnetwedge.com |