Boody, Macon County, Illinois Property Taxes
Median Boody, IL effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Boody, IL home value: $84,149
Median annual Boody, IL tax bill: $1,474, $926 lower than the national median property tax bill of $2,400.
How are property taxes in Macon County calculated?
Property taxes in Boody, 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 Boody’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boody, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boody, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.99%
Estimate Property Tax Bill
$1,675
$1,554
Property Tax Rates Across Boody, Macon County, Illinois
Local government entities in Illinois set tax rates that can vary widely within the state. Each year, Macon County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting these tax rates and budgets, this is the annual process in a nutshell.
In Boody, located in Macon County, the effective property tax rate is 1.99%. This rate is notably higher than the national median property tax rate of 1.02%, highlighting the variance in tax rates across different regions. Compared to other cities in Illinois, Boody shares the same median property tax rate. This underscores the importance of understanding local tax dynamics, as they can significantly impact property owners. By comparing Boody’s property tax rate to the state and national medians, property owners can gain insight into where their community stands in terms of tax obligations. Understanding these differences can help residents make informed decisions about property ownership and financial planning.
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 Boody Taxx Rate
1.99%
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 Macon County Taxx Rate
2.55%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Boody, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62514 | 1.28% | 1.65% | 1.99% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Boody, Macon County, Illinois
When examining property taxes in Boody, 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 Macon 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 Macon 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 Boody.
For example, the median home price in Boody is $84,149, with tax bills ranging significantly across the county. The highest median home price is also $84,149 in zip code 62514.
Property Tax Assessment Values Across Boody, Macon County, Illinois
Source: Ownwell
$64,096
$166,841
$269,586
Median Boody Market Value
$84,149
Median Macon County Market Value
$87,275
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Boody, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62514 | $30,868 | $52,562 | $84,149 | $108,128 | $138,356 |
Source: Ownwell
Property Tax Bills Across Boody, Macon County, Illinois
Median Boody Tax Bill
$1,474
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Boody, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62514 | $360 | $904 | $1,474 | $2,300 | $3,067 |
Source: Ownwell