Moweaqua, Macon County, Illinois Property Taxes
Median Moweaqua, IL effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Moweaqua, IL home value: $178,044
Median annual Moweaqua, IL tax bill: $4,567, $2,167 higher than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in Moweaqua, 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 Moweaqua’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Moweaqua, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Moweaqua, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.53%
Estimate Property Tax Bill
$4,505
$4,180
Ownwell’s Moweaqua Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moweaqua with just two data points.
By entering your property's estimated assessed value, our calculator applies Moweaqua’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 Moweaqua, Macon County, Illinois
Local government entities determine tax rates, and these can significantly differ within a state. This variation arises because each year, counties must estimate the budget needed to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although setting tax rates involves votes and legislation, this annual process essentially dictates how rates are established.
In Moweaqua, located in Macon County, the effective property tax rate is 2.53%, which aligns with both the highest and lowest rates in the area. This is notably higher than the national median property tax rate of 1.02%. When comparing the property tax burden in Moweaqua to other cities in Illinois and across the United States, it's evident that residents face a higher tax rate. This could impact homeowners' decisions and financial planning, emphasizing the importance of understanding local property tax dynamics. With the national median property tax bill at $2400, Moweaqua's rate underscores the significance of being informed about regional tax obligations and potential opportunities for appeals or 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 Moweaqua Taxx Rate
2.53%
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 Moweaqua, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62550 | 2.09% | 2.29% | 2.53% | 2.69% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Moweaqua, Macon County, Illinois
Property Tax Assessment Values Across Moweaqua, Macon County, Illinois
Source: Ownwell

$64,096
$166,841
$269,586
Median Moweaqua Market Value
$178,044
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 Moweaqua, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62550 | $79,452 | $123,063 | $178,044 | $208,251 | $337,794 |
Source: Ownwell
Property Tax Bills Across Moweaqua, Macon County, Illinois
In Moweaqua, located in Macon County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to the assessed value to determine the annual tax bill. Factors such as local government budgets and school district funding needs can influence the tax rate. Homeowners in Moweaqua face a median property tax bill of $4,567, significantly higher than the national median of $2,400. This can be a substantial financial burden, especially for those with homes valued at the higher end, where the 90th percentile tax bill reaches $8,636.
Ownwell offers a solution for homeowners by providing property tax appeal services. By reviewing assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills. This service ensures that homeowners are not overpaying, offering peace of mind and potential savings, making it a valuable resource for those looking to manage their property expenses effectively.
Median Moweaqua Tax Bill
$4,567
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Moweaqua, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62550 | $1,777 | $2,907 | $4,567 | $5,485 | $8,636 |
Source: Ownwell