Bunker Hill, Macoupin County, Illinois Property Taxes

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

Median Bunker Hill, IL effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bunker Hill, IL home value: $105,318
Median annual Bunker Hill, IL tax bill: $2,050, $350 lower than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Bunker Hill, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$2,096

$1,945

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

Property Tax Rates Across Bunker Hill, Macoupin County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 Bunker Hill’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Bunker Hill, located in Macoupin County, has a property tax rate that stands at 1.99%. This is significantly higher than the national median property tax rate of 1.02%. The median property tax rate in Illinois is also 1.99%, which aligns with Bunker Hill’s rate. This suggests that Bunker Hill’s property tax rate is consistent with the state average but much higher than the national average. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Bunker Hill, 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 Bunker Hill Tax Rate

1.99%

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 Bunker Hill, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62014	1.28%	1.72%	1.99%	2.22%	2.64%

Source: Ownwell

Property Tax Assessment Values Across Bunker Hill, Macoupin County, Illinois

When examining property taxes in Bunker Hill, 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 appraisal district 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 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 Bunker Hill. For example, the median home price in Bunker Hill is $105,318, with tax bills ranging significantly across the county. Zip code 62014 has the highest median home price at $105,318.

Property Tax Assessment Values Across Bunker Hill, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Bunker Hill Market Value

$105,318

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 Bunker Hill, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62014	$44,950	$74,157	$105,318	$144,618	$202,438

Source: Ownwell

Property Tax Bills Across Bunker Hill, Macoupin County, Illinois

In Bunker Hill, Macoupin County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the property's market value, and the tax rate is set by local taxing authorities. Homeowners in Bunker Hill experience a median property tax bill of $2,050, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as low as $1,265 and others as high as $3,975, depending on the property's assessed value and applicable exemptions. These variations can significantly impact homeowners' finances. Ownwell helps homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing assessment errors and ensuring homeowners receive all eligible exemptions, Ownwell can effectively reduce property tax burdens. This service is invaluable for homeowners looking to optimize their property tax expenses and achieve financial relief.

Property Tax Bills Across Bunker Hill, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Bunker Hill Tax Bill

$2,050

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Bunker Hill, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62014	$654	$1,265	$2,050	$2,952	$3,975

Source: Ownwell