Massac County Property Taxes
The median property tax rate in Massac County is 2.51%, 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 Massac County at $60,801, the typical annual property tax bill reaches $1,443, exceeding the national median of $2,690. Property taxes in Massac 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 Massac 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 Metropolis or another part of Massac County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Massac County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Massac County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Massac County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Massac 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 Massac County, Illinois
Property taxes in Massac County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Massac County is 2.51%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Massac County set these rates annually, and they can vary significantly between different areas within the county. Each year, Massac 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 Massac County's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Joppa has one of the higher property tax rates in Illinois at 3.03%, while the city of Golconda boasts one of the lowest at 2.07%. Analyzing how Massac County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Massac County Tax Rate
2.51%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Massac County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belknap | 1.96% | 2.22% | 2.53% | 3.53% | 5.56% |
| Brookport | 0.83% | 2.07% | 2.52% | 3.11% | 4.30% |
| Golconda | 0.94% | 1.36% | 2.07% | 2.52% | 2.64% |
| Grand Chain | 1.53% | 1.86% | 2.14% | 2.62% | 3.17% |
| Grantsburg | 1.36% | 1.95% | 2.45% | 3.06% | 4.12% |
| Joppa | 2.33% | 2.62% | 3.03% | 3.03% | 3.03% |
| Karnak | 1.19% | 1.64% | 2.15% | 2.83% | 4.89% |
| Metropolis | 1.32% | 2.04% | 2.53% | 2.99% | 3.41% |
Source: Ownwell
Property Tax Assessment Values Across Massac County, Illinois
In Massac County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Massac 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 Massac 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. In Massac County, the city with the highest median tax bill is Belknap at $2,589, while Joppa has the lowest median tax bill at $150. Being aware of these valuation processes in Massac County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Massac County Assessed Value
$60,801
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Massac County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belknap | $28,233 | $43,166 | $75,668 | $126,335 | $158,308 |
| Brookport | $9,331 | $15,797 | $61,941 | $113,306 | $150,021 |
| Golconda | $50,744 | $69,570 | $106,781 | $154,868 | $186,877 |
| Grand Chain | $9,898 | $22,270 | $54,185 | $82,756 | $104,803 |
| Grantsburg | $21,707 | $40,215 | $79,402 | $94,686 | $125,165 |
| Joppa | $1,980 | $3,000 | $4,650 | $33,003 | $52,748 |
| Karnak | $11,515 | $31,488 | $75,008 | $110,906 | $146,520 |
| Metropolis | $7,561 | $22,780 | $60,374 | $114,341 | $166,866 |
Source: Ownwell
Property Tax Bills Across Massac County, Illinois
In Massac County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, and local tax rates are then applied to calculate the tax bill. For context, the national median property tax rate stands at 0.99%. Homeowners in Massac County can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $525, while the 75th percentile tax bill reaches approximately $2,806. At the 90th percentile, homeowners might see tax bills as high as $4,055. Factors influencing these variations include the specific location within the county, property type, and any applicable exemptions or deductions. For example, Belknap has the highest median tax bill at $2,589, whereas Joppa has the lowest at $150. These tax bills impact homeowners by affecting their overall housing costs, potentially influencing decisions about property investment and long-term residency in the area.
Average Massac County Tax Bill
$1,443
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Massac County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belknap | $817 | $1,221 | $2,589 | $3,505 | $5,257 |
| Brookport | $114 | $461 | $1,690 | $2,862 | $4,076 |
| Golconda | $629 | $891 | $1,566 | $3,633 | $4,632 |
| Grand Chain | $258 | $752 | $1,243 | $1,606 | $2,053 |
| Grantsburg | $337 | $806 | $1,467 | $2,518 | $3,498 |
| Joppa | $60 | $89 | $150 | $702 | $1,259 |
| Karnak | $268 | $856 | $1,338 | $2,348 | $3,325 |
| Metropolis | $159 | $461 | $1,458 | $2,824 | $4,058 |
Source: Ownwell