Texico, Marion County, Illinois Property Taxes
Property Taxes in Texico, Illinois
Median Texico, Illinois effective property tax rate: 1.39%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Texico, Illinois home value: $100,068
Median annual Texico, Illinois tax bill: $1,077, $1,323 lower than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Texico, 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 Texico's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Texico, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Texico, Marion County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.39%
Estimate Property Tax Bill
$1,391
$1,291
How Does the Texico Property Tax Calculator Work?
Use this Texico property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Texico's median effective tax rate of 1.39% — based on actual property records in Marion 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 Texico'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 Texico: rates are 1.39% in 62889, with no ZIP-level variation shown in the available data.
Texico's median effective tax rate is lower than the 2.33% Illinois median and lower than the national median property tax rate of 1.02%. The median property tax bill is $1,077, which is $1,323 lower than the state median bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Texico.
About Texico Property Taxes
About Property Taxes in Texico, Marion, Illinois
Texico's median effective property tax rate of 1.39% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Marion 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 Texico. Homeowners in the 62889 ZIP code carry a median effective rate of 1.39%, while those in the same ZIP code pay 1.39%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Marion County. Understanding which part of Texico you live in can make a meaningful difference to your annual tax bill.
Texico 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 Texico, Marion 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 Texico'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 Texico Tax Rate
1.39%
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 Marion County Tax Rate
1.85%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Texico, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62889 | 0.63% | 0.95% | 1.39% | 1.77% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Texico, Marion County, Illinois
When examining property taxes in Texico, 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 Marion 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 Marion County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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 Texico.
For example, the median home price in Texico is $100,068, with tax bills ranging significantly across the county. 62889 has the highest median home price at $100,068.
Property Tax Assessment Values Across Texico, Marion County, Illinois
Source: Ownwell
$30,780
$94,908
$159,036
Median Texico Market Value
$100,068
Median Marion County Market Value
$68,010
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Texico, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62889 | $37,935 | $62,278 | $100,068 | $148,652 | $218,022 |
Source: Ownwell
Property Tax Bills Across Texico, Marion County, Illinois
Property tax bills in Texico are based on the assessed value of a home, not the market price alone. Local taxing authorities apply their tax rates to that assessed value, so a homeowner’s bill depends on both the property’s valuation and the tax rates in Marion County. For a home with a median value of $100,068, the bill can vary widely depending on where it sits within the local tax structure.
In Texico, the tax bill is influenced by the home’s assessed value, any applicable exemptions, and the combined rates set by local governments and school districts. That means two similar homes can receive different bills if their assessments differ or if they are subject to different taxing jurisdictions. The 25th percentile tax bill is $685, while the 75th percentile is $2,345 and the 90th percentile reaches $3,504.
For homeowners, this affects monthly housing costs and long-term affordability. Even small changes in assessed value can meaningfully change the final bill.
Median Texico Tax Bill
$1,077
Median Marion County Tax Bill
$1,146
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Texico, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62889 | $424 | $685 | $1,077 | $2,345 | $3,504 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Marion Tax Assessor | |
| Website | marionil.devnetwedge.com |