Mattoon, Coles County, Illinois Property Taxes

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

Median Mattoon, IL effective property tax rate: 2.91%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mattoon, IL home value: $58,383
Median annual Mattoon, IL tax bill: $1,570, $830 lower than the national median property tax bill of $2,400.

How are property taxes in Coles calculated?

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

Last Updated March 1, 2025

Mattoon, Coles County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.91%

Estimate Property Tax Bill

$1,699

$1,577

Ownwell’s Mattoon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mattoon with just two data points. By entering your property's estimated assessed value, our calculator applies Mattoon’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 Coles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mattoon, Coles County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mattoon’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Mattoon, located in Coles County, stands out with a median property tax rate of 2.91%, which is significantly higher than the national median of 1.02%. This rate is consistent across the region, as both the highest and lowest median rates in the area are 2.91%. As a property owner in Mattoon, understanding how these rates compare can be crucial for financial planning. Given the substantial difference from the national average, exploring potential appeals or exemptions could be beneficial.

Property Tax Rates Across Mattoon, Coles County, Illinois

Source: Ownwell

2.22%

2.64%

3.07%

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 Mattoon Tax Rate

2.91%

Median Effective Coles County Tax Rate

2.84%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mattoon, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61938	1.81%	2.28%	2.91%	2.92%	2.93%

Source: Ownwell

Property Tax Assessment Values Across Mattoon, Coles County, Illinois

When examining property taxes in Mattoon, 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 Coles 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.

In Coles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Mattoon.

For example, the median home price in Mattoon is $58,383, with tax bills ranging significantly across the county. Zip code 61938 has the highest median home price at $58,383.

Property Tax Assessment Values Across Mattoon, Coles County, Illinois

Source: Ownwell

$55,224

$88,860

$122,496

Median Mattoon Market Value

$58,383

Median Coles County Market Value

$64,296

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mattoon, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61938	$27,216	$40,868	$58,383	$89,610	$141,387

Source: Ownwell

Property Tax Bills Across Mattoon, Coles County, Illinois

In Mattoon, located in Coles County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Mattoon face a median property tax bill of $1,570, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,041 and the 90th percentile reaching $3,710. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. High property taxes can place a financial strain on homeowners, making it crucial to ensure assessments are accurate. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing property tax bills. By reviewing assessments and identifying discrepancies, Ownwell helps homeowners achieve fair taxation, offering significant savings and peace of mind.

Property Tax Bills Across Mattoon, Coles County, Illinois

Source: Ownwell

$1,172

$2,467

$3,762

Median Mattoon Tax Bill

$1,570

Median Coles County Tax Bill

$1,659

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mattoon, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61938	$598	$1,041	$1,570	$2,288	$3,710

Source: Ownwell