Forsyth, Macon County, Illinois Property Taxes

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

Median Forsyth, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Forsyth, IL home value: $243,526
Median annual Forsyth, IL tax bill: $5,815, $3,415 higher than the national median property tax bill of $2,400.

How are property taxes in Macon County calculated?

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

Last Updated March 1, 2025

Forsyth, Macon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$5,893

$5,469

Ownwell’s Forsyth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forsyth with just two data points.

By entering your property's estimated assessed value, our calculator applies Forsyth’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 Forsyth, Macon County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is primarily because each county annually estimates the budget needed to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is the fundamental method for determining rates each year.

In Forsyth, located in Macon County, the effective property tax rate stands at 2.42%. This rate is notably higher than both the Illinois median property tax rate and the national median of 1.02%. The property tax bill in Forsyth also reflects this higher rate, surpassing the national median property tax bill of $2400. Such a rate can have significant implications for homeowners, affecting both monthly payments and long-term financial planning. Understanding these rates in comparison to other cities in Illinois and the national average can help property owners make informed decisions.

Property Tax Rates Across Forsyth, 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 Forsyth Taxx Rate

2.42%

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 Forsyth, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62535	2.03%	2.27%	2.42%	2.51%	2.64%

Source: Ownwell

Property Tax Assessment Values Across Forsyth, Macon County, Illinois

When examining property taxes in Forsyth, 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 Forsyth. For example, the median home price in Forsyth is $243,526, with tax bills ranging significantly across the county. Zip code 62535 has the highest median home price at $243,526.

Property Tax Assessment Values Across Forsyth, Macon County, Illinois

Source: Ownwell

$64,096

$166,841

$269,586

Median Forsyth Market Value

$243,526

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 Forsyth, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62535	$108,054	$157,281	$243,526	$311,666	$382,200

Source: Ownwell

Property Tax Bills Across Forsyth, Macon County, Illinois

In Forsyth, located in Macon County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in the area is $243,526. Property tax rates are applied to this assessed value to calculate the tax bill. The median property tax bill in Forsyth stands at $5,815, significantly higher than the national median of $2,400. This indicates a substantial impact on homeowners, with the tax bill at the 25th percentile being $3,530 and at the 90th percentile reaching $9,607. These figures highlight the variance in tax burdens among property owners in Forsyth. Ownwell offers assistance to homeowners by providing property tax appeal and exemption services. By leveraging local expertise and understanding of the property tax system, Ownwell helps homeowners potentially reduce their tax liabilities. This can result in significant savings, ensuring homeowners are not overpaying and are only charged what is fair based on their property's assessed value.

Property Tax Bills Across Forsyth, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

Median Forsyth Tax Bill

$5,815

Median Macon County Tax Bill

$2,091

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Forsyth, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62535	$2,162	$3,530	$5,815	$7,724	$9,607

Source: Ownwell