Macon County Property Taxes
The median property tax rate in Macon County is 2.55%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Macon County, the typical annual property tax bill reaches $2,091, which is below the national median of $2,690. Property taxes in Macon County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Macon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Decatur or another part of Macon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macon County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Macon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macon County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Macon County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Macon County, Illinois
Property taxes in Macon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Macon County is 2.55%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Macon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Macon County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Decatur has one of the higher property tax rates in Illinois at 2.68%, while the city of Elwin boasts one of the lowest at 1.81%. Analyzing how Macon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Macon County Tax Rate
2.55%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macon County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | 1.80% | 2.24% | 2.49% | 2.73% | 3.13% |
| Bethany | 2.25% | 2.27% | 2.30% | 2.33% | 2.34% |
| Blue Mound | 1.65% | 2.14% | 2.45% | 2.69% | 3.04% |
| Boody | 1.28% | 1.65% | 1.99% | 2.49% | 2.49% |
| Cerro Gordo | 1.78% | 2.10% | 2.32% | 2.46% | 2.66% |
| Cisco | 1.89% | 2.03% | 2.20% | 2.37% | 2.51% |
| Dalton City | 1.92% | 2.06% | 2.20% | 2.25% | 2.34% |
| Decatur | 1.58% | 2.09% | 2.68% | 3.41% | 3.41% |
| Elwin | 1.39% | 1.58% | 1.81% | 2.04% | 2.32% |
| Forsyth | 2.03% | 2.27% | 2.42% | 2.51% | 2.64% |
| Harristown | 1.38% | 1.81% | 2.07% | 2.62% | 2.62% |
| Illiopolis | 1.96% | 2.13% | 2.33% | 2.68% | 2.69% |
| Kenney | 1.72% | 1.94% | 2.02% | 2.06% | 2.08% |
| Latham | 2.08% | 2.14% | 2.31% | 2.39% | 2.45% |
| Lovington | 1.59% | 1.88% | 2.14% | 2.33% | 2.36% |
| Macon | 1.53% | 1.93% | 2.16% | 2.37% | 2.66% |
| Maroa | 1.74% | 2.21% | 2.53% | 2.83% | 3.11% |
| Mount Auburn | 1.96% | 2.22% | 2.26% | 2.53% | 2.82% |
| Moweaqua | 2.09% | 2.29% | 2.53% | 2.69% | 2.78% |
| Mt Zion | 1.84% | 2.12% | 2.38% | 2.53% | 2.76% |
| Niantic | 1.61% | 2.09% | 2.36% | 2.78% | 2.88% |
| Oakley | 1.56% | 2.03% | 2.32% | 2.46% | 2.66% |
| Oreana | 1.57% | 1.94% | 2.22% | 2.35% | 2.56% |
| Warrensburg | 1.95% | 2.25% | 2.49% | 2.70% | 3.12% |
| Weldon | 2.08% | 2.26% | 2.42% | 2.51% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Macon County, Illinois
In Macon County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Macon County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Macon County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Weldon has the highest median tax bill at $6,458, while Boody has the lowest at $1,474. Being aware of these valuation processes in Macon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Macon County Assessed Value
$87,275
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macon County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | $61,954 | $83,154 | $109,420 | $176,423 | $275,763 |
| Bethany | $216,597 | $219,657 | $224,757 | $229,857 | $232,917 |
| Blue Mound | $48,895 | $73,304 | $99,112 | $134,084 | $182,883 |
| Boody | $30,868 | $52,562 | $84,149 | $108,128 | $138,356 |
| Cerro Gordo | $42,514 | $123,300 | $154,329 | $204,320 | $283,192 |
| Cisco | $73,504 | $88,232 | $146,466 | $228,633 | $329,962 |
| Dalton City | $100,126 | $150,384 | $269,586 | $324,591 | $416,897 |
| Decatur | $18,458 | $31,984 | $74,035 | $117,986 | $173,816 |
| Elwin | $46,379 | $62,215 | $76,493 | $139,817 | $200,129 |
| Forsyth | $108,054 | $157,281 | $243,526 | $311,666 | $382,200 |
| Harristown | $39,193 | $59,208 | $87,216 | $110,837 | $135,680 |
| Illiopolis | $109,907 | $119,236 | $139,650 | $188,628 | $342,366 |
| Kenney | $95,535 | $113,390 | $129,229 | $149,478 | $170,028 |
| Latham | $111,502 | $128,162 | $178,119 | $287,980 | $678,509 |
| Lovington | $100,006 | $126,569 | $184,890 | $228,149 | $312,822 |
| Macon | $54,373 | $76,632 | $105,373 | $164,506 | $272,531 |
| Maroa | $47,302 | $78,111 | $107,081 | $158,939 | $239,380 |
| Mount Auburn | $52,163 | $103,568 | $140,064 | $172,053 | $189,000 |
| Moweaqua | $79,452 | $123,063 | $178,044 | $208,251 | $337,794 |
| Mt Zion | $100,346 | $122,276 | $145,254 | $223,430 | $305,245 |
| Niantic | $38,387 | $65,347 | $93,378 | $123,153 | $167,759 |
| Oakley | $69,122 | $113,675 | $164,452 | $222,673 | $320,623 |
| Oreana | $76,772 | $92,418 | $117,983 | $183,457 | $236,474 |
| Warrensburg | $61,635 | $87,804 | $114,063 | $149,522 | $223,412 |
| Weldon | $139,988 | $171,860 | $263,966 | $309,223 | $345,322 |
Source: Ownwell
Property Tax Bills Across Macon County, Illinois
In Macon County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to determine the tax bill. Various factors, such as local government budgets and school funding needs, influence these rates. Homeowners in Macon County experience a range of property tax bills, with the 25th percentile at $985 and the 75th percentile reaching $3,453. At the higher end, the 90th percentile sees tax bills around $5,620. Comparatively, Weldon has the highest median tax bill at $6,458, while Boody has the lowest at $1,474. These property taxes significantly impact homeowners, as they can influence housing affordability and the overall cost of living. Given the national median property tax rate of 0.99%, Macon County homeowners may find their tax rates vary, affecting their financial planning and homeownership costs.
Average Macon County Tax Bill
$2,091
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Macon County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | $1,119 | $1,981 | $2,683 | $4,317 | $6,885 |
| Bethany | $4,879 | $4,988 | $5,170 | $5,353 | $5,462 |
| Blue Mound | $867 | $1,673 | $2,352 | $3,285 | $4,820 |
| Boody | $360 | $904 | $1,474 | $2,300 | $3,067 |
| Cerro Gordo | $1,134 | $2,356 | $3,461 | $5,095 | $6,367 |
| Cisco | $1,359 | $2,237 | $3,400 | $5,322 | $7,587 |
| Dalton City | $1,936 | $2,933 | $5,808 | $7,104 | $9,314 |
| Decatur | $469 | $820 | $1,800 | $3,046 | $4,720 |
| Elwin | $833 | $1,115 | $1,752 | $2,584 | $4,742 |
| Forsyth | $2,162 | $3,530 | $5,815 | $7,724 | $9,607 |
| Harristown | $723 | $1,034 | $1,651 | $2,396 | $2,876 |
| Illiopolis | $2,283 | $2,505 | $2,973 | $4,918 | $8,521 |
| Kenney | $1,618 | $2,345 | $2,627 | $3,184 | $3,783 |
| Latham | $2,649 | $2,885 | $3,943 | $6,557 | $16,220 |
| Lovington | $1,759 | $2,176 | $4,318 | $4,852 | $7,279 |
| Macon | $919 | $1,481 | $2,137 | $3,528 | $6,298 |
| Maroa | $988 | $1,675 | $2,647 | $4,050 | $6,183 |
| Mount Auburn | $1,428 | $1,759 | $3,229 | $3,833 | $4,255 |
| Moweaqua | $1,777 | $2,907 | $4,567 | $5,485 | $8,636 |
| Mt Zion | $1,987 | $2,651 | $3,350 | $5,454 | $7,600 |
| Niantic | $789 | $1,418 | $2,077 | $2,922 | $3,912 |
| Oakley | $1,084 | $2,160 | $3,529 | $5,333 | $7,663 |
| Oreana | $1,170 | $1,781 | $2,564 | $4,022 | $5,525 |
| Warrensburg | $1,382 | $2,024 | $2,765 | $3,769 | $5,683 |
| Weldon | $2,656 | $3,631 | $6,458 | $7,786 | $8,580 |
Source: Ownwell