Alexander County Property Taxes
The median property tax rate in Alexander County is 2.47%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Alexander County, the typical annual property tax bill reaches $956, which is considerably lower than the national median of $2,690. Property taxes in Alexander County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Alexander County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cairo or another part of Alexander County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alexander County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$1,097
$1,072
Ownwell’s Alexander County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alexander County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alexander County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Alexander County, Illinois
Property taxes in Alexander County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alexander County is 2.47%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Alexander County set these rates annually, and they can vary significantly between different areas within the county. Each year, Alexander County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Alexander County's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Cairo has one of the higher property tax rates in Illinois at 5.81%, while the city of Thebes boasts one of the lowest at 2.04%. Analyzing how Alexander County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alexander County Tax Rate
2.47%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexander County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cairo | 3.74% | 4.43% | 5.81% | 5.81% | 5.81% |
| Jonesboro | 0.80% | 1.17% | 2.05% | 2.67% | 2.94% |
| Mc Clure | 1.69% | 2.80% | 3.59% | 4.19% | 4.57% |
| Miller City | 2.09% | 2.65% | 3.59% | 5.07% | 5.95% |
| Olive Branch | 1.32% | 2.00% | 2.47% | 2.72% | 3.23% |
| Tamms | 1.14% | 1.69% | 2.14% | 2.71% | 3.22% |
| Thebes | 1.06% | 1.54% | 2.04% | 2.57% | 3.06% |
| Ullin | 0.90% | 2.23% | 2.69% | 3.03% | 3.71% |
Source: Ownwell
Property Tax Assessment Values Across Alexander County, Illinois
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Alexander County, IL. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Alexander County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Alexander County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, McClure has the highest median tax bill at $1,833, while Cairo has the lowest at $457. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Alexander County Assessed Value
$44,430
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexander County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cairo | $4,466 | $5,838 | $9,579 | $24,404 | $75,260 |
| Jonesboro | $13,351 | $16,446 | $51,418 | $75,840 | $95,288 |
| Mc Clure | $16,620 | $26,676 | $55,146 | $109,773 | $212,632 |
| Miller City | $12,949 | $23,444 | $40,935 | $58,586 | $69,176 |
| Olive Branch | $7,454 | $13,572 | $50,154 | $103,038 | $146,206 |
| Tamms | $8,094 | $23,282 | $50,742 | $91,401 | $125,396 |
| Thebes | $7,272 | $23,613 | $48,591 | $85,190 | $147,636 |
| Ullin | $9,254 | $16,530 | $39,954 | $51,198 | $70,834 |
Source: Ownwell
Property Tax Bills Across Alexander County, Illinois
In Alexander County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For instance, in Alexander County, homeowners can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $444, while at the 75th percentile, it rises to $2,195. The highest median tax bill in the county is found in McClure at $1,833, whereas Cairo has the lowest at $457. These variations can significantly impact homeowners' financial planning. Compared to the national median property tax rate of 0.99%, Alexander County's tax bills can be relatively modest, particularly for lower-valued properties, but can also become substantial for higher-valued homes.
Average Alexander County Tax Bill
$956
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexander County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cairo | $258 | $336 | $457 | $961 | $4,164 |
| Jonesboro | $189 | $325 | $704 | $1,815 | $2,127 |
| Mc Clure | $447 | $629 | $1,833 | $4,555 | $7,624 |
| Miller City | $432 | $759 | $1,304 | $1,991 | $2,404 |
| Olive Branch | $186 | $353 | $758 | $2,230 | $3,733 |
| Tamms | $199 | $519 | $998 | $2,062 | $2,749 |
| Thebes | $174 | $456 | $896 | $1,972 | $3,030 |
| Ullin | $196 | $463 | $1,035 | $1,580 | $1,924 |
Source: Ownwell