Milledgeville, Carroll County, Illinois Property Taxes

Name: Property Tax Bills Across Milledgeville, Carroll County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Milledgeville, IL effective property tax rate: 2.76%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Milledgeville, IL home value: $84,815
Median annual Milledgeville, IL tax bill: $2,362, $38 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

Property taxes in Milledgeville, IL 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 Milledgeville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milledgeville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Milledgeville, Carroll County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.76%

Estimate Property Tax Bill

$2,341

$2,172

Ownwell’s Milledgeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Milledgeville with just two data points. By entering your property's estimated assessed value, our calculator applies Milledgeville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carroll County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Milledgeville, Carroll County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

In Milledgeville, located in Carroll County, IL, the effective property tax rate is notably higher than the national median of 1.02%. This rate is also higher than the state median, reflecting the broader trend of elevated property tax rates within Illinois. The county's rate is consistent with the highest and lowest rates in the region, both standing at 2.76%. This uniformity highlights the county's approach to property taxation, where the rates are set to meet local budgetary needs efficiently.

Comparing Milledgeville’s property tax rate to other cities in Illinois can provide valuable insights into the local government's fiscal strategies and priorities. Understanding these rates can help property owners make informed decisions about property investments and appeals.

Property Tax Rates Across Milledgeville, Carroll County, Illinois

Source: Ownwell

1.96%

2.36%

2.76%

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 Milledgeville Tax Rate

2.76%

Median Effective Carroll County Tax Rate

2.34%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Milledgeville, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61051	1.87%	2.36%	2.76%	3.22%	3.63%

Source: Ownwell

Property Tax Assessment Values Across Milledgeville, Carroll County, Illinois

When examining property taxes in Milledgeville, IL, 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 Carroll County appraisal district 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 Carroll County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Milledgeville. For example, the median home price in Milledgeville is $84,815, with tax bills ranging significantly across the county. 61051 has the highest median home price at $84,815.

Property Tax Assessment Values Across Milledgeville, Carroll County, Illinois

Source: Ownwell

$54,285

$121,495

$188,704

Median Milledgeville Market Value

$84,815

Median Carroll County Market Value

$86,910

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Milledgeville, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61051	$43,501	$61,940	$84,815	$119,550	$168,865

Source: Ownwell

Property Tax Bills Across Milledgeville, Carroll County, Illinois

In Milledgeville, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Carroll County face varying property tax bills, with the 25th percentile at $1,535 and the 75th percentile reaching $3,579. For those at the 90th percentile, tax bills can soar to $5,826. These figures highlight the financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. Through a comprehensive review of property assessments, Ownwell identifies opportunities for savings, potentially lowering the tax liability and providing financial relief. This service can be particularly beneficial for those in higher tax brackets within the community.

Property Tax Bills Across Milledgeville, Carroll County, Illinois

Source: Ownwell

$1,472

$2,673

$3,873

Median Milledgeville Tax Bill

$2,362

Median Carroll County Tax Bill

$2,178

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Milledgeville, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61051	$890	$1,535	$2,362	$3,579	$5,826

Source: Ownwell