Warrensburg, Macon County, Illinois Property Taxes
Median Warrensburg, IL effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Warrensburg, IL home value: $114,063
Median annual Warrensburg, IL tax bill: $2,765, $365 higher than the national median property tax bill of $2,400.
How are property taxes in Macon County calculated?
Property taxes in Warrensburg, 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 Warrensburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Warrensburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Warrensburg, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.49%
Estimate Property Tax Bill
$2,840
$2,636
Ownwell’s Warrensburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Warrensburg with just two data points.
By entering your property's estimated assessed value, our calculator applies Warrensburg’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 Warrensburg, Macon County, Illinois
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide public services and divide it by the total value of all taxable property in the area. This calculation results in the property tax rate. Though setting tax rates and budgets involves votes and legislation, this is the essence of the annual process.
In Warrensburg, Illinois, located in Macon County, the effective property tax rate is 2.49%. This rate is notably higher than the national median property tax rate of 1.02% and the national median property tax bill of $2400. When comparing Warrensburg's rate to other cities in Illinois, it is important to note that Illinois generally has higher property tax rates compared to the national average.
Understanding these differences can help property owners make informed decisions and potentially explore appealing their property assessments. By being aware of the local property tax landscape, residents can ensure they are not overpaying and can seek assistance if necessary.
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 Warrensburg Taxx Rate
2.49%
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 Warrensburg, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62573 | 1.95% | 2.25% | 2.49% | 2.70% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Warrensburg, Macon County, Illinois
When examining property taxes in Warrensburg, 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.
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 Warrensburg.
For example, the median home price in Warrensburg is $114,063, with tax bills ranging significantly across the county. ZIP code 62573 has the highest median home price at $114,063.
Property Tax Assessment Values Across Warrensburg, Macon County, Illinois
Source: Ownwell
$64,096
$166,841
$269,586
Median Warrensburg Market Value
$114,063
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 Warrensburg, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62573 | $61,635 | $87,804 | $114,063 | $149,522 | $223,412 |
Source: Ownwell
Property Tax Bills Across Warrensburg, Macon County, Illinois
In Warrensburg, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to calculate the tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. Homeowners in Warrensburg face a median property tax bill that falls between the 25th percentile at $2,024 and the 75th percentile at $3,769. This range is above the national median property tax bill of $2,400, highlighting the significant impact on homeowners in this area.
Ownwell can assist homeowners in Warrensburg by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying inaccuracies, Ownwell can help reduce the assessed value, thereby lowering the tax bill. With a proven track record, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Median Warrensburg Tax Bill
$2,765
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Warrensburg, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62573 | $1,382 | $2,024 | $2,765 | $3,769 | $5,683 |
Source: Ownwell