Atwater, Macoupin County, Illinois Property Taxes

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

Median Atwater, IL effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Atwater, IL home value: $64,131
Median annual Atwater, IL tax bill: $773, $1,627 lower than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Atwater, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.68%

Estimate Property Tax Bill

$1,077

$1,000

Ownwell’s Atwater Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Atwater with just two data points. By entering your property's estimated assessed value, our calculator applies Atwater’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 Macoupin. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Atwater, Macoupin County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services, then dividing 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 Atwater, located in county 17117, Illinois, the property tax rate is a reflection of this process. The median property tax rate in Illinois is 1.68%, which is higher than the national median of 1.02%. This places Illinois among the states with higher property tax rates. While Atwater shares the same median tax rate as the state, it is important to note that property tax rates can vary significantly across different cities and counties. This variation can impact homeowners' annual tax bills, which in Illinois tend to be higher than the national median of $2400. Understanding these differences can help property owners make informed decisions about their investments and potential tax savings.

Property Tax Rates Across Atwater, Macoupin County, Illinois

Source: Ownwell

1.27%

1.88%

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 Atwater Tax Rate

1.68%

Median Effective Macoupin County Tax Rate

1.93%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Atwater, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62572	0.79%	1.32%	1.68%	2.04%	2.13%

Source: Ownwell

Property Tax Assessment Values Across Atwater, Macoupin County, Illinois

When examining property taxes in Atwater, 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 Macoupin 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 Macoupin 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 Atwater.

For example, the median home price in Atwater is $64,131, with tax bills ranging significantly across the county. The zip code 62572 has the highest median home price at $64,131.

Property Tax Assessment Values Across Atwater, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Atwater Market Value

$64,131

Median Macoupin County Market Value

$80,204

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Atwater, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62572	$15,930	$31,078	$64,131	$109,984	$173,889

Source: Ownwell

Property Tax Bills Across Atwater, Macoupin County, Illinois

In Atwater, located in Macoupin County, IL, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, which is determined by local assessors. The tax rate is then applied to this assessed value to determine the property tax bill. In Atwater, the median home price is $64,131, which influences the tax bill significantly. Homeowners in this area face a median property tax bill of $773, which is below the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $375 and the 90th percentile reaching up to $3,347. These variations depend on factors such as property location, size, and any applicable exemptions. Ownwell assists homeowners by providing property tax appeal and exemption services, ensuring they are not overpaying. By analyzing the assessed value and identifying any discrepancies, Ownwell can help reduce property tax bills, offering significant savings to homeowners.

Property Tax Bills Across Atwater, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Atwater Tax Bill

$773

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Atwater, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62572	$171	$375	$773	$1,724	$3,347

Source: Ownwell