Mark, Putnam County, Illinois Property Taxes
Property Taxes in Mark, Illinois
Median Mark, Illinois effective property tax rate: 2.25%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Mark, Illinois home value: $115,596
Median annual Mark, Illinois tax bill: $2,765, higher than the national median property tax bill of $2,400.
How are property taxes in Putnam calculated?
Property taxes in Mark, 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 Mark's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mark, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mark, Putnam County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.25%
Estimate Property Tax Bill
$2,601
$2,414
How Does the Mark Property Tax Calculator Work?
Use this Mark property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mark's median effective tax rate of 2.25% — based on actual property records in Putnam 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 Mark'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 Mark: rates range from 2.25% in 61340 to 2.25% in 61340, 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 Mark.
About Mark Property Taxes
About Property Taxes in Mark, Putnam, Illinois
Mark’s median effective property tax rate of 2.25% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Putnam County levy and local taxing districts that shape what homeowners pay on a $115,596 median home value.
Property taxes are uniform across Mark. Homeowners in the 61340 ZIP code carry the same median effective rate of 2.25%, and the median tax bill is $2,765. That bill is above the national median property tax bill of $2,400, showing how local assessments can push costs higher even when rates are steady.
Mark homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the July 5, 2026 deadline each year.
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 Mark, Putnam 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 Mark'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 Mark Tax Rate
2.25%
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 Putnam County Tax Rate
2.81%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mark, Putnam County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61340 | 2.25% | 2.25% | 2.25% | 2.94% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Mark, Putnam County, Illinois
When examining property taxes in Mark, 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 Putnam County assessor 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 Putnam 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 Mark.
For example, the median home price in Mark is $115,596, with tax bills ranging significantly across the county. 61340 has the highest median home price at $115,596.
Property Tax Assessment Values Across Mark, Putnam County, Illinois
Source: Ownwell
$115,596
$152,957
$190,317
Median Mark Market Value
$115,596
Median Putnam County Market Value
$142,992
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mark, Putnam County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61340 | $15,656 | $59,052 | $115,596 | $129,123 | $145,220 |
Source: Ownwell
Property Tax Bills Across Mark, Putnam County, Illinois
Property tax bills in Mark 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 used to determine how much a homeowner owes each year, so changes in home value can directly affect the bill.
For Mark homeowners, the median home price is $115,596, and the median property tax bill is $2,765, which is above the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $1,660 and the 75th percentile at $3,163. At the 90th percentile, the bill reaches $3,549.
These differences show how property taxes can impact household budgets. A higher assessed value or local tax rate can raise annual costs, while a lower assessment can reduce them.
Median Mark Tax Bill
$2,765
Median Putnam County Tax Bill
$4,451
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Mark, Putnam County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61340 | $450 | $1,660 | $2,765 | $3,163 | $3,549 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 5 |
Links | |
|---|---|
| Putnam Tax Assessor | |
| Website | putnamil.devnetwedge.com |