Lovington, Macon County, Illinois Property Taxes
Median Lovington, IL effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Lovington, IL home value: $184,890
Median annual Lovington, IL tax bill: $4,318, $1,918 higher than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in Lovington, 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 Lovington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lovington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lovington, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.14%
Estimate Property Tax Bill
$3,957
$3,672
Property Tax Rates Across Lovington, Macon County, Illinois
Local government entities are responsible for setting tax rates, which can differ significantly within a state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Lovington, located in Macon County, Illinois, the effective property tax rate stands out when compared to other cities in the state. With Illinois having a median property tax rate of 2.14%, Lovington aligns with this rate, which is notably higher than the national median of 1.02%. This reflects the state's reliance on property taxes to fund local services. For homeowners in Lovington, understanding this rate is crucial as it directly impacts their property tax bills, which can be significantly higher than the national median bill of $2,400. By staying informed and exploring potential property tax appeals or exemptions, residents can manage their financial responsibilities more effectively.
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 Lovington Taxx Rate
2.14%
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 Lovington, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61937 | 1.59% | 1.88% | 2.14% | 2.33% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Lovington, Macon County, Illinois
When examining property taxes in Lovington, Illinois, 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 assessment 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 the season. 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 Lovington. For example, the median home price in Lovington is $184,890, with tax bills ranging significantly across the county. 61937 has the highest median home price at $184,890.
Property Tax Assessment Values Across Lovington, Macon County, Illinois
Source: Ownwell

$64,096
$166,841
$269,586
Median Lovington Market Value
$184,890
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 Lovington, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61937 | $100,006 | $126,569 | $184,890 | $228,149 | $312,822 |
Source: Ownwell
Property Tax Bills Across Lovington, Macon County, Illinois
Median Lovington Tax Bill
$4,318
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Lovington, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61937 | $1,759 | $2,176 | $4,318 | $4,852 | $7,279 |
Source: Ownwell