Dorsey, Macoupin County, Illinois Property Taxes

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

Median Dorsey, IL effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dorsey, IL home value: $168,294
Median annual Dorsey, IL tax bill: $2,750, $350 higher than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Dorsey, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.83%

Estimate Property Tax Bill

$3,080

$2,858

Ownwell’s Dorsey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dorsey with just two data points.

By entering your property's estimated assessed value, our calculator applies Dorsey’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 Dorsey, Macoupin County, Illinois

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 Dorsey’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. In Dorsey, located in Macoupin County, the median property tax rate stands at 1.83%, which is significantly higher than the national median of 1.02%. This places Dorsey among the higher property tax jurisdictions in Illinois, as both the highest and lowest median tax rates in the state are also 1.83%. The property tax bill for residents is consequently higher than the national median of $2400. Understanding these rates is crucial for property owners considering a tax appeal or seeking exemptions.

Property Tax Rates Across Dorsey, 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 Dorsey Taxx Rate

1.83%

Median Effective Macoupin County Taxx Rate

1.93%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Dorsey, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62021	1.54%	1.71%	1.83%	2.04%	2.09%

Source: Ownwell

Property Tax Assessment Values Across Dorsey, Macoupin County, Illinois

When examining property taxes in Dorsey, 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 Dorsey.

For example, the median home price in Dorsey is $168,294, with tax bills ranging significantly across the county. Zip code 62021 has the highest median home price at $168,294.

Property Tax Assessment Values Across Dorsey, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Dorsey Market Value

$168,294

Median Macoupin County Market Value

$80,204

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Dorsey, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62021	$108,335	$117,336	$168,294	$210,135	$234,603

Source: Ownwell

Property Tax Bills Across Dorsey, Macoupin County, Illinois

In Dorsey, located in Macoupin County, IL, property tax bills are determined by the property's assessed value, which is a percentage of its market value. Local tax rates are applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the homeowner's tax liability. The median home price in Dorsey is $168,294, with property tax bills ranging from $1,941 at the 25th percentile to $4,758 at the 90th percentile. The median tax bill is $2,750, slightly above the national median of $2,400. These figures indicate a significant variance in property tax bills, which can be burdensome for homeowners. Ownwell offers services to help homeowners in Dorsey reduce their property tax burden by providing expert guidance in appealing property assessments and identifying potential exemptions. By leveraging Ownwell's expertise, homeowners can potentially lower their tax bills, ensuring they do not pay more than necessary.

Property Tax Bills Across Dorsey, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Dorsey Tax Bill

$2,750

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Dorsey, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62021	$1,860	$1,941	$2,750	$3,801	$4,758

Source: Ownwell