Illiopolis, Macon County, Illinois Property Taxes
Median Illiopolis, IL effective property tax rate: 2.33%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Illiopolis, IL home value: $139,650
Median annual Illiopolis, IL tax bill: $2,973, $573 higher than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in Illiopolis, 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 Illiopolis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Illiopolis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Illiopolis, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.33%
Estimate Property Tax Bill
$3,254
$3,019
Property Tax Rates Across Illiopolis, Macon County, Illinois
Local government entities determine tax rates, leading to significant variation within a state. Each county annually estimates its budget needs to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual procedure.
In Illiopolis, located in Macon County, property tax rates reflect this process. When comparing Illiopolis’s effective property tax rate to other cities in Illinois, it's noteworthy how these rates align with both the state and national medians. Illinois has a median property tax rate of 2.33%, which is significantly higher than the national median of 1.02%. This difference illustrates the variance in property tax burdens across regions. Understanding these rates can help property owners make informed decisions about appeals and exemptions.
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 Illiopolis Taxx Rate
2.33%
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 Illiopolis, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62539 | 1.96% | 2.13% | 2.33% | 2.68% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Illiopolis, Macon County, Illinois
When examining property taxes in Illiopolis, 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 Assessor's Office 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 Illiopolis.
For example, the median home price in Illiopolis is $139,650, with tax bills ranging significantly across the county. Zip code 62539 has the highest median home price at $139,650.
Property Tax Assessment Values Across Illiopolis, Macon County, Illinois
Source: Ownwell
$64,096
$166,841
$269,586
Median Illiopolis Market Value
$139,650
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 Illiopolis, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62539 | $109,907 | $119,236 | $139,650 | $188,628 | $342,366 |
Source: Ownwell
Property Tax Bills Across Illiopolis, Macon County, Illinois
In Illiopolis, located in Macon County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the property's market value. The median home price in Illiopolis is $139,650, and the property tax rate is applied to this assessed value to calculate the tax bill. Several factors influence this calculation, including local levies and budgetary requirements. Homeowners in Illiopolis face a median property tax bill of $2,973, which is above the national median of $2,400. The tax bills can range significantly, with the 25th percentile at $2,505 and the 90th percentile reaching $8,521, reflecting the variability in property values and tax rates within the area.
Ownwell assists homeowners by analyzing their property assessments and identifying potential discrepancies or overvaluations. By filing appeals and seeking exemptions, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only their fair share. This service can lead to substantial savings, providing financial relief to property owners in Illiopolis.
Median Illiopolis Tax Bill
$2,973
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Illiopolis, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62539 | $2,283 | $2,505 | $2,973 | $4,918 | $8,521 |
Source: Ownwell