Macon, Macon County, Illinois Property Taxes

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

Median Macon, IL effective property tax rate: 2.16%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Macon, IL home value: $105,373
Median annual Macon, IL tax bill: $2,137, $263 lower than the national median property tax bill of $2,400.

How are property taxes in Macon calculated?

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

Last Updated March 1, 2025

Macon, Macon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.16%

Estimate Property Tax Bill

$2,276

$2,112

Ownwell’s Macon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Macon with just two data points. By entering your property's estimated assessed value, our calculator applies Macon’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 Macon, Macon County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county 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. Below, you can compare Macon’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Macon County, Illinois, stands out with a median property tax rate of 2.16%, significantly higher than the national median of 1.02%. This makes it one of the highest in the state, with the same rate across all its zip codes, including 62544. The property tax bill here is considerably above the national median of $2,400, reflecting the substantial influence of local government budgeting and property values on tax rates. Understanding these dynamics can empower property owners to make informed decisions about their tax liabilities and potential appeals.

Property Tax Rates Across Macon, 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 Macon Taxx Rate

2.16%

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 Macon, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62544	1.53%	1.93%	2.16%	2.37%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Macon, Macon County, Illinois

When examining property taxes in Macon, 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 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.

Assessment notices:

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 Macon.

For example, the median home price in Macon is $105,373, with tax bills ranging significantly across the county. 62544 has the highest median home price at $105,373.

Property Tax Assessment Values Across Macon, Macon County, Illinois

Source: Ownwell

$64,096

$166,841

$269,586

Median Macon Market Value

$105,373

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 Macon, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62544	$54,373	$76,632	$105,373	$164,506	$272,531

Source: Ownwell

Property Tax Bills Across Macon, Macon County, Illinois

In Macon, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing this calculation include the property's location, size, and any applicable exemptions. Homeowners in Macon face a median tax bill that can vary significantly, with the 25th percentile at $1,481 and the 75th percentile reaching $3,528. This variability can impact homeowners' budgets, making it crucial to ensure that their property is assessed fairly. With a national median property tax bill of $2,400, Macon's figures highlight the importance of accurate assessments. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies. By appealing unfair assessments and securing applicable exemptions, Ownwell helps homeowners reduce their tax burdens, ensuring they pay only their fair share. This proactive approach can lead to substantial savings and financial relief for property owners.

Property Tax Bills Across Macon, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

Median Macon Tax Bill

$2,137

Median Macon County Tax Bill

$2,091

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Macon, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62544	$919	$1,481	$2,137	$3,528	$6,298

Source: Ownwell