Montrose, Jasper County, Illinois Property Taxes

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

Median Montrose, IL effective property tax rate: 7.02%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Montrose, IL home value: $47,435
Median annual Montrose, IL tax bill: $3,062, $662 higher than the national median property tax bill of $2,400.

How are property taxes in Jasper 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, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

7.02%

Estimate Property Tax Bill

$3,330

$3,090

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 Jasper County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montrose, Jasper County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Montrose, located in Jasper County, Illinois, the effective property tax rate is notably higher compared to other cities in Illinois and the U.S. The median property tax rate in Montrose stands at 7.02%, significantly exceeding the national median property tax rate of 1.02%. This means that homeowners in Montrose typically face higher property tax bills than the national average. In fact, Montrose's tax rate is the highest in its zip code, 62445, which is consistent across the region. Comparing these figures to the national context highlights the unique property tax landscape in this area, emphasizing the importance of property tax appeal and exemption services for homeowners seeking relief.

Property Tax Rates Across Montrose, Jasper County, Illinois

Source: Ownwell

2.72%

4.95%

7.18%

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 Tax Rate

7.02%

Median Effective Jasper County Tax Rate

6.74%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montrose, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62445	3.78%	6.28%	7.02%	7.60%	8.29%

Source: Ownwell

Property Tax Assessment Values Across Montrose, Jasper County, Illinois

When examining property taxes in Montrose, 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 Jasper 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 Jasper 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 Montrose.

For example, the median home price in Montrose is $47,435, with tax bills ranging significantly across the county. Zip code 62445 has the highest median home price at $47,435.

Property Tax Assessment Values Across Montrose, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median Montrose Market Value

$47,435

Median Jasper County Market Value

$34,930

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montrose, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62445	$15,720	$28,058	$47,435	$61,385	$83,346

Source: Ownwell

Property Tax Bills Across Montrose, Jasper County, Illinois

In Montrose, located in Jasper County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the market value. The median home price here is $47,435. Tax bills can vary significantly, with the 25th percentile at $1,674 and the 75th percentile reaching $4,372. The 90th percentile tax bill is $5,971, reflecting the variability in property taxes in the area. Homeowners in the 62445 zip code experience a median tax bill of $3,062, which is significantly higher than the national median of $2,400. These taxes fund essential local services such as schools, infrastructure, and emergency services, impacting homeowners' monthly expenses. Ownwell can assist homeowners by reviewing property assessments to identify potential savings. By appealing incorrect assessments or securing exemptions, Ownwell helps reduce tax burdens, ensuring homeowners pay only their fair share. This service can be crucial for managing costs in a region where tax bills can be notably higher than the national average.

Property Tax Bills Across Montrose, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median Montrose Tax Bill

$3,062

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Montrose, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62445	$580	$1,674	$3,062	$4,372	$5,971

Source: Ownwell