Macedonia, Hamilton County, Illinois Property Taxes

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

Median Macedonia, IL effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Macedonia, IL home value: $51,556
Median annual Macedonia, IL tax bill: $721, $1,679 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Macedonia, Hamilton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.75%

Estimate Property Tax Bill

$902

$837

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

Property Tax Rates Across Macedonia, Hamilton County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Macedonia’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Macedonia, located in Hamilton County, has a median property tax rate of 1.75%. This rate is notably higher than the national median property tax rate of 1.02%. In comparison to the national median property tax bill of $2400, property owners in Hamilton County may find their bills to be more substantial. Understanding these differences can help property owners make informed decisions about their investments and potential savings through tax appeals.

Property Tax Rates Across Macedonia, Hamilton County, Illinois

Source: Ownwell

1.35%

1.69%

2.03%

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 Macedonia Taxx Rate

1.75%

Median Effective Hamilton County Taxx Rate

1.77%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Macedonia, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62860	0.79%	1.31%	1.75%	1.89%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Macedonia, Hamilton County, Illinois

When examining property taxes in Macedonia, 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 Hamilton 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 Hamilton 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 Macedonia.

For example, the median home price in Macedonia is $51,556, with tax bills ranging significantly across the county. Zip code 62860 has the highest median home price at $51,556.

Property Tax Assessment Values Across Macedonia, Hamilton County, Illinois

Source: Ownwell

$48,474

$84,645

$120,816

Median Macedonia Market Value

$51,556

Median Hamilton County Market Value

$61,740

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Macedonia, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62860	$11,586	$23,248	$51,556	$119,667	$187,405

Source: Ownwell

Property Tax Bills Across Macedonia, Hamilton County, Illinois

In Macedonia, Hamilton County, IL, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. The median home price here is $51,556, and the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $349, while the 75th percentile reaches $1,986, and the 90th percentile can be as high as $3,416. These figures illustrate the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. The local median tax bill is $721, which is notably lower than the national average. However, even with a lower tax bill, homeowners in Macedonia can benefit from ensuring they are not overpaying. Ownwell offers expert property tax appeal and exemption services, helping homeowners navigate the complexities of property taxes. By analyzing assessments and identifying potential savings, Ownwell can assist in reducing tax liabilities, providing peace of mind and financial relief to homeowners in the area.

Property Tax Bills Across Macedonia, Hamilton County, Illinois

Source: Ownwell

$721

$1,500

$2,278

Median Macedonia Tax Bill

$721

Median Hamilton County Tax Bill

$1,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Macedonia, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62860	$159	$349	$721	$1,986	$3,416

Source: Ownwell