Taxes
- Assessed Value: $29,772
- Assessed Year: 2025
- Assessed County: Sangamon
- APN: 14-27.0-334-062
- Assessed Land Value: 28451
- Market Land Value: 85353
- Tax Amount: 2410.46
- Tax Year: 2025
- Market Value: 89316
- Market Year: 2025
506 N 5th St; Springfield, IL Property Details
Off market
506 N 5th St Springfield, IL 62702
$29,772 Estimated Value
Property Type
GeneralProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Purchase Price: $1,600,000
- Open Loans: 1
- APN: 14-27.0-334-062
- Situs County: Sangamon
- Length Of Ownership: 1 year, 3 months
Measurements
- Lot: 7,067/SqFt
Legal Description
- Description: L 7 EX E 4' BLOCK 3 JOHN TAYLORS N ADDN (7,067 SQ FT) 27-16-5
Building Insights
Land Information
- Property Type: General
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Springfield School District 186
- Lat / Lon: 39.806515 / -89.64877
- Subdivision: John Taylors N Add
- Property Class: Commercial
- County Use Code: 60
Ownership Info
506 N 5th St has no associated ownership info
506 N 5th St has no associated ownership info.
Taxes
506 N 5th St has 10 associated Taxes items
506 N 5th St, Springfield, IL pays taxes in Sangamon County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $29,772. The APN we've located for 506 N 5th St is 14-27.0-334-062.
Unlock the full reportTax History
506 N 5th St has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $29,772 | Land Value $28,451 | Improvement Value $1,321 | Tax Amount $2,410.46 | Change Rate +0.033512% | Assessed CR | Tax Rate +0.080964% |
| Year 2024 | Assessed Value $27,767 | Land Value $26,535 | Improvement Value $1,232 | Tax Amount $2,332.3 | Change Rate +0.040147% | Assessed CR | Tax Rate +0.083995% |
| Year 2023 | Assessed Value $25,362 | Land Value $24,237 | Improvement Value $1,125 | Tax Amount $2,242.28 | Change Rate +0.040105% | Assessed CR | Tax Rate +0.088411% |
| Year 2022 | Assessed Value $24,058 | Land Value $22,991 | Improvement Value $1,067 | Tax Amount $2,155.82 | Change Rate +0.034294% | Assessed CR | Tax Rate +0.089609% |
| Year 2021 | Assessed Value $23,157 | Land Value $22,130 | Improvement Value $1,027 | Tax Amount $2,084.34 | Change Rate +0.020265% | Assessed CR | Tax Rate +0.090009% |
| Year 2020 | Assessed Value $23,192 | Land Value $22,163 | Improvement Value $1,029 | Tax Amount $2,042.94 | Change Rate +0.044854% | Assessed CR | Tax Rate +0.088088% |
| Year 2019 | Assessed Value $23,111 | Land Value $22,086 | Improvement Value $1,025 | Tax Amount $1,955.24 | Change Rate | Assessed CR | Tax Rate +0.084602% |
| Year 2018 | Assessed Value $23,141 | Land Value $21,987 | Improvement Value $1,154 | Tax Amount $1,955.24 | Change Rate +0.021141% | Assessed CR | Tax Rate +0.084492% |
| Year 2017 | Assessed Value $22,842 | Land Value $21,703 | Improvement Value $1,139 | Tax Amount $1,914.76 | Change Rate +0.020074% | Assessed CR | Tax Rate +0.083826% |
| Year 2016 | Assessed Value $22,508 | Land Value $21,386 | Improvement Value $1,122 | Tax Amount $1,877.08 | Change Rate +0.00978% | Assessed CR | Tax Rate +0.083396% |
| Year 2015 | Assessed Value $22,239 | Land Value $21,130 | Improvement Value $1,109 | Tax Amount $1,858.9 | Change Rate +0.015182% | Assessed CR | Tax Rate +0.083587% |
| Year 2014 | Assessed Value $22,096 | Land Value $20,994 | Improvement Value $1,102 | Tax Amount $1,831.1 | Change Rate +0.022824% | Assessed CR | Tax Rate +0.08287% |
| Year 2013 | Assessed Value $22,096 | Land Value $20,994 | Improvement Value $1,102 | Tax Amount $1,790.24 | Change Rate | Assessed CR | Tax Rate +0.081021% |