Mason, Effingham County, Illinois Property Taxes
Median Mason, IL effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mason, IL home value: $142,110
Median annual Mason, IL tax bill: $2,189, $211 lower than the national median property tax bill of $2,400.
How are property taxes in Effingham calculated?
Property taxes in Mason, 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 Mason’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mason, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mason, Effingham County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$2,345
$2,176
Property Tax Rates Across Mason, Effingham County, Illinois
Local government entities set tax rates, which can vary widely within a state. 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 Mason’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Mason, located in Effingham County, has a median property tax rate of 1.65%. This rate is notably higher than the national median property tax rate of 1.02%. This means property owners in Mason may find themselves paying more in property taxes compared to other areas in the country. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By comparing these rates, property owners in Mason can gain valuable insight into how their tax obligations align with state and national trends, helping them make informed decisions about their property investments.
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 Mason Taxx Rate
1.65%
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 Effingham County Taxx Rate
1.69%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Mason, Effingham County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62443 | 0.70% | 1.24% | 1.65% | 1.82% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Mason, Effingham County, Illinois
When examining property taxes in Mason, Illinois, 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 Effingham 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 Effingham 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 Mason.
For example, the median home price in Mason is $142,110, with tax bills ranging significantly across the county. Zip code 62443 has the highest median home price at $142,110.
Property Tax Assessment Values Across Mason, Effingham County, Illinois
Source: Ownwell
$80,100
$142,005
$203,910
Median Mason Market Value
$142,110
Median Effingham County Market Value
$155,790
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Mason, Effingham County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62443 | $55,398 | $91,455 | $142,110 | $209,880 | $271,938 |
Source: Ownwell
Property Tax Bills Across Mason, Effingham County, Illinois
In Mason, located in Effingham County, IL, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Mason face a median property tax bill of $2,189, which is slightly below the national median of $2,400. Factors such as the property's size, location, and improvements can influence the assessed value, thus affecting the overall tax bill. For homeowners, this means that understanding these components is crucial in managing their financial obligations.
Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies potential discrepancies and helps homeowners file appeals to reduce their tax bills. This service can lead to significant savings, ensuring that homeowners only pay their fair share. With Ownwell's guidance, navigating the complexities of property taxes becomes a streamlined process.
Median Mason Tax Bill
$2,189
Median Effingham County Tax Bill
$2,476
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Mason, Effingham County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62443 | $545 | $1,212 | $2,189 | $3,441 | $4,692 |
Source: Ownwell