Modesto, Macoupin County, Illinois Property Taxes

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

Median Modesto, IL effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Modesto, IL home value: $67,764
Median annual Modesto, IL tax bill: $986, $1,414 lower than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Modesto, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.66%

Estimate Property Tax Bill

$1,125

$1,044

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

Local government entities set tax rates, which can vary widely within a state. 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 Modesto’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Modesto, Illinois, the property tax landscape is distinct. The effective property tax rate in Modesto is a reflection of the local government's budgeting needs. Compared to the national median property tax rate, Modesto's rate is significantly higher. This difference highlights the variability in property tax rates across the nation and underscores the importance of understanding local tax obligations. For homeowners in Modesto, staying informed about these rates is crucial, as they directly impact annual property tax bills. By appealing or seeking exemptions, property owners can potentially reduce their tax burden, making it essential to stay engaged with local tax policies and opportunities for savings.

Property Tax Rates Across Modesto, 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 Modesto Taxx Rate

1.66%

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 Modesto, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62667	0.66%	1.32%	1.66%	2.02%	2.02%

Source: Ownwell

Property Tax Assessment Values Across Modesto, Macoupin County, Illinois

When examining property taxes in Modesto, 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 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 Modesto. For example, the median home price in Modesto is $67,764, with tax bills ranging significantly across the county. Zip code 62667 has the highest median home price at $67,764.

Property Tax Assessment Values Across Modesto, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Modesto Market Value

$67,764

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 Modesto, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62667	$18,131	$36,357	$67,764	$107,590	$149,338

Source: Ownwell

Property Tax Bills Across Modesto, Macoupin County, Illinois

In Modesto, located in Macoupin County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $67,764, and the tax rate is applied to determine the annual tax bill. The median property tax bill is $986, which is below the national median of $2,400, reflecting the relatively lower property values in the region. However, tax bills can vary significantly, with the 25th percentile at $487 and the 90th percentile reaching as high as $2,278. Factors influencing these variations include property location, improvements, and local tax rates. For homeowners, these taxes can represent a significant expense. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings and appealing assessments. By leveraging their expertise, homeowners can ensure they are not overpaying and potentially save hundreds annually on their tax obligations.

Property Tax Bills Across Modesto, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Modesto Tax Bill

$986

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Modesto, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62667	$217	$487	$986	$1,712	$2,278

Source: Ownwell