Decatur, Macon County, Illinois Property Taxes

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

Median Decatur, IL effective property tax rate: 2.68%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Decatur, IL home value: $74,035
Median annual Decatur, IL tax bill: $1,800, $600 lower than the national median property tax bill of $2,400.

How are property taxes in Macon County calculated?

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

Last Updated March 1, 2025

Decatur, Macon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.68%

Estimate Property Tax Bill

$1,984

$1,841

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

Property Tax Rates Across Decatur, Macon 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 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. In Decatur, located in Macon County, Illinois, the effective property tax rate stands out significantly when compared to the national median of 1.02%. Within Illinois, Decatur's rate is reflective of a higher tax burden, with the city exhibiting a median property tax rate of 2.68%. This rate is higher than the national median and showcases the variance in property taxes across different regions. The highest median tax rate in Decatur reaches 3.41% in the 62523 zip code, while the lowest is 2.62% in the 62521 zip code. This disparity within the city itself highlights how property tax rates can fluctuate even in close proximity, further emphasizing the importance of understanding local property tax dynamics.

Property Tax Rates Across Decatur, Macon County, Illinois

Source: Ownwell

1.79%

2.60%

3.41%

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 Decatur Taxx Rate

2.68%

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 Decatur, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62521	1.58%	2.03%	2.62%	3.41%	3.41%
62522	1.59%	2.15%	2.69%	3.41%	3.41%
62523	2.69%	3.15%	3.41%	3.41%	3.41%
62525	N/A	N/A	N/A	N/A	N/A
62526	1.58%	2.19%	2.75%	3.41%	3.41%
62573	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Decatur, Macon County, Illinois

When examining property taxes in Decatur, 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 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 Decatur. For example, the median home price in Decatur is $74,035, with tax bills ranging significantly across the county. Zip code 62523 has the highest median home price at $85,574.

Property Tax Assessment Values Across Decatur, Macon County, Illinois

Source: Ownwell

$64,096

$166,841

$269,586

Median Decatur Market Value

$74,035

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 Decatur, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62521	$19,317	$34,602	$85,280	$135,356	$212,088
62522	$17,873	$32,481	$64,096	$99,949	$139,802
62523	$21,615	$52,688	$85,574	$115,832	$136,670
62525	N/A	N/A	N/A	N/A	N/A
62526	$17,903	$28,509	$67,696	$107,072	$150,244
62573	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Decatur, Macon County, Illinois

In Decatur, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate applied to this assessed value determines the final tax bill. Various factors influence this calculation, including local government budgets and school funding requirements. Homeowners in Decatur can face tax bills ranging significantly, with the 25th percentile at $820 and the 90th percentile reaching $4,720. The median tax bill is notably higher than the national median, indicating a substantial financial commitment for property owners.

For homeowners, understanding these dynamics is crucial as property taxes can significantly impact annual expenses. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell helps homeowners reduce their tax burdens, ensuring they only pay what's fair. This service can be particularly beneficial in areas like Decatur, where property tax bills can vary widely, providing a much-needed reprieve in managing homeownership costs.

Property Tax Bills Across Decatur, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

Median Decatur Tax Bill

$1,800

Median Macon County Tax Bill

$2,091

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Decatur, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62521	$494	$901	$2,001	$3,460	$5,554
62522	$464	$808	$1,614	$2,610	$3,775
62523	$1,132	$1,672	$2,309	$3,996	$4,659
62525	N/A	N/A	N/A	N/A	N/A
62526	$441	$745	$1,667	$2,829	$4,278
62573	N/A	N/A	N/A	N/A	N/A

Source: Ownwell