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Updated 2025 Tax Year

Pike County
Property Tax Guide

Everything you need to know about property taxes in Pike County, IL. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
1.12% county-wide average (varies by taxing district overlay)
1st Due
Jun 1
2nd Due
Sep 1
Exemptions
4+ Available
Section 1

How Property Tax Works

Pike County, Illinois operates under the state's property tax system, which serves as the primary funding mechanism for local government services including schools, townships, municipalities, and county operations. Property taxes in Pike County fund essential services such as education, public safety, infrastructure maintenance, and local government administration. The county follows Illinois' assessment practices where properties are assessed at 33.33% of fair market value for residential properties.

The effective tax rate in Pike County varies significantly by location within the county due to the overlay of different taxing districts. While the current county-wide rate for 2024 is approximately 1.12%, individual property owners may pay different effective rates depending on their specific school district, municipality, township, and any special service districts that serve their property. The 2025 tax rates will be determined by the county board in spring 2025, and property owners should expect variation based on their exact location within Pike County's various taxing jurisdictions.

Section 2

What Makes Up Your Tax Bill

ComponentApproximate RateDescription
County General0.15% - 0.25%County operations, services, facilities
School Districts0.60% - 0.80%Local school district operations and facilities
Township0.05% - 0.15%Township road maintenance and services
Municipal0.10% - 0.30%City/village services (where applicable)
Special Districts0.02% - 0.10%Fire protection, drainage, library districts
Total Effective Rate~1.12%Combined rate varies by location

Note: These rates reflect the 2024 levy year. The 2025 rates will be set by the county board in spring 2025. Actual rates vary significantly depending on your specific taxing districts. Properties in different school districts, municipalities, or special service areas will have different total effective tax rates.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Pike County, property taxes are due in two installments:

First Installment
Jun 1
Delinquent after Dec 10
Second Installment
Sep 1
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Pike County are triggered by specific events that change a property's assessment during the tax year. The most common triggers include change of ownership, completion of new construction, additions or major improvements to existing properties, or removal of properties from exempt status. When these events occur, the county assessor determines the difference between the old and new assessed values and applies the current tax rate to calculate the supplemental tax amount.

For example, if you purchase a home in Pike County and the assessor determines the new assessed value is $20,000 higher than the previous assessment, you would owe supplemental taxes on that $20,000 difference. Using a 1.12% effective tax rate, this would result in approximately $224 in supplemental taxes ($20,000 × 0.0112 = $224). Supplemental tax bills are issued separately from regular tax bills and have their own payment due dates, typically 30 days from the bill date.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (33.33%): $100,000
  • Less: General Homestead Exemption: -$10,000 (if applied for)
  • Net Taxable Value: $90,000
  • Annual Tax (1.12% rate): $1,008
  • Monthly Escrow: $84

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (33.33%): $200,000
  • Less: General Homestead Exemption: -$10,000 (if applied for)
  • Net Taxable Value: $190,000
  • Annual Tax (1.12% rate): $2,128
  • Monthly Escrow: $177

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (33.33%): $333,300
  • Less: General Homestead Exemption: -$10,000 (if applied for)
  • Net Taxable Value: $323,300
  • Annual Tax (1.12% rate): $3,621
  • Monthly Escrow: $302

Note: The General Homestead Exemption requires a separate application and is not automatically applied. Additional exemptions may be available for seniors, veterans, or disabled persons, but all require application through the Pike County Assessor's office.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Pike County require property tax escrow accounts for borrowers with less than 20% down payment, though some lenders may require escrow regardless of down payment amount. Your lender collects 1/12th of your estimated annual property tax bill with each monthly mortgage payment and holds these funds in an escrow account. The lender then pays your property taxes directly to Pike County when they become due on June 1st and September 1st each year.

Lenders are required to provide an annual escrow analysis showing the account activity and any necessary adjustments to your monthly payment. Since Pike County property tax bills are issued in two installments, your escrow account must maintain sufficient funds for both payments. If your property taxes increase due to reassessment or rate changes, your lender will adjust your monthly escrow payment accordingly. Property owners should verify that their lender is paying taxes on time, as the property owner remains ultimately responsible for tax payments even when using escrow services.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Pike County property taxes due for the current tax year? A: Property taxes are due in two installments: June 1st and September 1st. If tax bills are mailed after May 1st, the first installment is due 30 days after the bill date.

Q: What tax credits are available and do I need to apply? A: The primary credit is the General Homestead Exemption, which reduces your equalized assessed value by up to $10,000. This requires a separate application to the Pike County Assessor's office and is not automatic. Additional credits may be available for seniors, veterans, and disabled persons, all requiring individual applications.

Q: How does the Homestead Exemption work? A: The Homestead Exemption reduces your property's equalized assessed value by up to $10,000, which lowers your taxable value. You must apply for this exemption through the Pike County Assessor's office - it is not automatically applied to your property.

Q: How often are properties reassessed in Pike County? A: Illinois law requires property assessments to be updated periodically to reflect current market values. The Pike County Assessor's office conducts reassessments according to state guidelines, typically on a cyclical basis by township or area.

Q: What happens if I pay my property taxes late? A: Late payments are subject to penalties and interest charges. The first installment becomes delinquent after June 1st (or 30 days after bill date if mailed late), and the second installment becomes delinquent after September 1st. Interest and penalties accrue monthly on delinquent amounts.

Q: Can I pay my Pike County property taxes online? A: Contact the Pike County Treasurer's office directly to inquire about current online payment options and accepted payment methods for property taxes.

Q: How do special taxing districts affect my tax bill? A: Your total property tax rate includes levies from all taxing districts that serve your property, including school districts, municipalities, townships, and special districts like fire protection or library districts. Properties in different areas of Pike County may have different total tax rates based on which districts serve them.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Pike County Board of Review during the designated appeal period, typically following the issuance of assessment notices. Contact the Pike County Assessor's office for specific deadlines and procedures.

Q: What documentation do I need to apply for exemptions? A: Requirements vary by exemption type, but typically include proof of ownership, residency documentation, and specific eligibility documents (such as disability determination or veteran status). Contact the Pike County Assessor's office for specific application requirements and deadlines.

Q: Are property taxes prorated when I buy or sell property? A: Yes, property taxes are typically prorated between buyer and seller at closing based on the closing date, though the specific arrangements are negotiated as part of the purchase agreement.

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