Montrose, Effingham County, Illinois Property Taxes

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

Median Montrose, IL effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Montrose, IL home value: $80,100
Median annual Montrose, IL tax bill: $1,221, $1,179 lower than the national median property tax bill of $2,400.

How are property taxes in Effingham calculated?

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

Last Updated March 1, 2025

Montrose, Effingham County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$1,218

$1,130

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

Property Tax Rates Across Montrose, Effingham 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 Montrose’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Montrose, located in Effingham County, the property tax rate stands at 1.52%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Effingham County, indicating a uniformity in property tax assessments within the area. The median property tax bill reflects this higher rate, contributing to the local government's ability to fund essential services. Comparing Montrose's property tax rate with other regions in Illinois can provide valuable insights into the variations and factors influencing these differences. Understanding these nuances helps property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Montrose, Effingham County, Illinois

Source: Ownwell

1.46%

1.62%

1.79%

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 Montrose Taxx Rate

1.52%

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 Montrose, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62445	0.24%	0.93%	1.52%	2.06%	2.18%

Source: Ownwell

Property Tax Assessment Values Across Montrose, Effingham County, Illinois

When examining property taxes in Montrose, 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 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. Assessment notices: In Effingham 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 Montrose. For example, the median home price in Montrose is $80,100, with tax bills ranging significantly across the county. 62445 has the highest median home price at $80,100.

Property Tax Assessment Values Across Montrose, Effingham County, Illinois

Source: Ownwell

$80,100

$142,005

$203,910

Median Montrose Market Value

$80,100

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 Montrose, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62445	$28,200	$50,220	$80,100	$120,150	$193,206

Source: Ownwell

Property Tax Bills Across Montrose, Effingham County, Illinois

In Montrose, located in Effingham County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in Montrose face a median property tax bill of $1,221, which is below the national median of $2,400. This offers a more affordable tax environment compared to many areas across the country. However, the tax bill can vary significantly, with the 25th percentile at $429 and the 90th percentile reaching $2,869. These variations depend on factors like property location, size, and improvements. High property taxes can strain homeowners' finances, making it crucial to ensure assessments are accurate. Ownwell assists homeowners by offering property tax appeal services, potentially reducing tax bills and ensuring fair assessments. By analyzing property data and local tax regulations, Ownwell identifies opportunities for savings, helping homeowners in Montrose keep their property tax bills manageable. This service can be particularly beneficial in a region where tax assessments can fluctuate widely.

Property Tax Bills Across Montrose, Effingham County, Illinois

Source: Ownwell

$1,221

$2,065

$2,908

Median Montrose Tax Bill

$1,221

Median Effingham County Tax Bill

$2,476

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Montrose, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62445	$78	$429	$1,221	$2,010	$2,869

Source: Ownwell