Niantic, Macon County, Illinois Property Taxes

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

Median Niantic, IL effective property tax rate: 2.36%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Niantic, IL home value: $93,378
Median annual Niantic, IL tax bill: $2,077, $323 lower than the national median property tax bill of $2,400.

How are property taxes in Macon calculated?

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

Last Updated March 1, 2025

Niantic, Macon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.36%

Estimate Property Tax Bill

$2,204

$2,045

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

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 Niantic’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Niantic, located in Macon County, has a property tax rate of 2.36%, which is significantly higher than the national median of 1.02%. This places it among the highest in the state, with the same rate reported in other areas within the county. Despite this, the services funded by these taxes contribute to the local infrastructure, schools, and public amenities, enhancing the quality of life for residents. Understanding these rates can empower property owners to make informed decisions about their investments and potential tax appeals.

Property Tax Rates Across Niantic, 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 Niantic Taxx Rate

2.36%

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 Niantic, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62551	1.61%	2.09%	2.36%	2.78%	2.88%

Source: Ownwell

Property Tax Assessment Values Across Niantic, Macon County, Illinois

When examining property taxes in Niantic, 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 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. Assessment notices: In Macon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Niantic. For example, the median home price in Niantic is $93,378, with tax bills ranging significantly across the county. 62551 has the highest median home price at $93,378.

Property Tax Assessment Values Across Niantic, Macon County, Illinois

Source: Ownwell

$64,096

$166,841

$269,586

Median Niantic Market Value

$93,378

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 Niantic, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62551	$38,387	$65,347	$93,378	$123,153	$167,759

Source: Ownwell

Property Tax Bills Across Niantic, Macon County, Illinois

In Niantic, located in Macon County, Illinois, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Homeowners in Niantic typically see tax bills that range from $1,418 at the 25th percentile to $3,912 at the 90th percentile. Compared to the national median property tax bill of $2,400, Niantic's tax bills are relatively consistent, with the median bill in the 62551 zip code being $2,077. These taxes fund essential local services, such as schools and infrastructure, directly impacting homeowners' daily lives. Ownwell assists homeowners in Niantic by identifying potential savings through property tax appeals and exemptions. By evaluating the assessed value and ensuring it aligns with the current market conditions, Ownwell can help reduce tax burdens, providing financial relief to homeowners and ensuring they only pay their fair share.

Property Tax Bills Across Niantic, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

Median Niantic Tax Bill

$2,077

Median Macon County Tax Bill

$2,091

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Niantic, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62551	$789	$1,418	$2,077	$2,922	$3,912

Source: Ownwell