Mt Zion, Macon County, Illinois Property Taxes

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

Median MT ZION, IL effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median MT ZION, IL home value: $145,254
Median annual MT ZION, IL tax bill: $3,350, $950 higher than the national median property tax bill of $2,400.

How are property taxes in Macon calculated?

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

Last Updated March 1, 2025

Mt Zion, Macon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$3,457

$3,208

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

Local government entities set tax rates, which can vary widely within a state. 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. In MT ZION, located in Macon County, IL, the effective property tax rate is notably higher than the national median. With a rate of 2.38%, it stands out even within Illinois, where the state median is significantly lower. This higher rate can be attributed to local budgetary needs and the total assessed property values. When compared nationally, MT ZION's rate is more than double the U.S. median property tax rate of 1.02%. Such disparities highlight the importance of understanding local property tax dynamics, as they directly affect homeowners' annual tax bills.

Property Tax Rates Across Mt Zion, 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 Mt Zion Taxx Rate

2.38%

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 Mt Zion, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62549	1.84%	2.12%	2.38%	2.53%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Mt Zion, Macon County, Illinois

When examining property taxes in MT ZION, 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 MT ZION.

For example, the median home price in MT ZION is $145,254, with tax bills ranging significantly across the county. ZIP code 62549 has the highest median home price at $145,254.

Property Tax Assessment Values Across Mt Zion, Macon County, Illinois

Source: Ownwell

$64,096

$166,841

$269,586

Median Mt Zion Market Value

$145,254

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 Mt Zion, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62549	$100,346	$122,276	$145,254	$223,430	$305,245

Source: Ownwell

Property Tax Bills Across Mt Zion, Macon County, Illinois

In Mt. Zion, located in Macon County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the tax bill. For homeowners in Mt. Zion, the median home price is $145,254, with tax bills ranging from $2,651 at the 25th percentile to $7,600 at the 90th percentile. The median tax bill in this area is notably higher than the national median property tax bill of $2,400, indicating a significant impact on homeowners' finances. Factors such as changes in property value and local government budgets influence the final tax bill. Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing expert property tax appeal services, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills. This service ensures homeowners pay only their fair share, offering savings and peace of mind in managing property taxes.

Property Tax Bills Across Mt Zion, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

Median Mt Zion Tax Bill

$3,350

Median Macon County Tax Bill

$2,091

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Mt Zion, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62549	$1,987	$2,651	$3,350	$5,454	$7,600

Source: Ownwell