Chesterfield, Macoupin County, Illinois Property Taxes

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

Median Chesterfield, IL effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chesterfield, IL home value: $46,574
Median annual Chesterfield, IL tax bill: $726, $1,674 lower than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Chesterfield, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.67%

Estimate Property Tax Bill

$778

$722

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

Local government entities in Chesterfield, located in 17117 County, IL, set property tax rates that can vary significantly across the state. This variability arises because each county annually calculates its required budget to provide essential services, dividing this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process. In Chesterfield, the effective property tax rate can be compared to other cities in Illinois and the median rates across the state and the U.S. The median property tax rate in Illinois is notably higher than the national median of 1.02%. This difference highlights the importance of understanding local tax rates and their impact on property owners. By effectively navigating these rates, property owners can better manage their tax liabilities and potentially leverage available exemptions and appeals to reduce their tax burden.

Property Tax Rates Across Chesterfield, 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 Chesterfield Tax Rate

1.67%

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 Chesterfield, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62630	0.86%	1.24%	1.67%	2.18%	2.18%

Source: Ownwell

Property Tax Assessment Values Across Chesterfield, Macoupin County, Illinois

When examining property taxes in Chesterfield, 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 March. 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 Chesterfield.

For example, the median home price in Chesterfield is $46,574, with tax bills ranging significantly across the county. Zip code 62630 has the highest median home price at $46,574.

Property Tax Assessment Values Across Chesterfield, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Chesterfield Market Value

$46,574

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 Chesterfield, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62630	$12,621	$28,887	$46,574	$77,512	$122,785

Source: Ownwell

Property Tax Bills Across Chesterfield, Macoupin County, Illinois

In Chesterfield, located in Macoupin County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. Local tax rates are then applied to this assessed value, resulting in the annual tax bill for homeowners. The median home price in Chesterfield is $46,574, leading to tax bills that range from $350 at the 25th percentile to $2,366 at the 90th percentile. Notably, the median property tax bill here is $726, considerably lower than the national median of $2,400. This tax burden can significantly affect homeowners, influencing their financial planning and housing affordability.

Ownwell assists homeowners in Chesterfield by identifying opportunities to appeal property assessments and secure exemptions, potentially lowering their tax bills. By leveraging local expertise and data-driven insights, Ownwell helps clients navigate the complexities of property tax regulations, ensuring they only pay their fair share. This can result in substantial savings, providing homeowners with much-needed financial relief.

Property Tax Bills Across Chesterfield, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Chesterfield Tax Bill

$726

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chesterfield, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62630	$166	$350	$726	$1,272	$2,366

Source: Ownwell