Royal Lakes, Macoupin County, Illinois Property Taxes

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

Median ROYAL LAKES, IL effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median ROYAL LAKES, IL home value: $25,616
Median annual ROYAL LAKES, IL tax bill: $378, $2,022 lower than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Royal Lakes, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.43%

Estimate Property Tax Bill

$366

$340

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

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

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

Property Tax Rates Across Royal Lakes, 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 Royal Lakes Tax Rate

1.43%

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 Royal Lakes, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62685	0.59%	0.86%	1.43%	2.42%	2.43%

Source: Ownwell

Property Tax Assessment Values Across Royal Lakes, Macoupin County, Illinois

When examining property taxes in Royal Lakes, 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 assessment authority 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 Royal Lakes. For example, the median home price in Royal Lakes is $25,616, with tax bills ranging significantly across the county. 62685 has the highest median home price at $25,616.

Property Tax Assessment Values Across Royal Lakes, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Royal Lakes Market Value

$25,616

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 Royal Lakes, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62685	$9,358	$16,564	$25,616	$48,329	$80,567

Source: Ownwell

Property Tax Bills Across Royal Lakes, Macoupin County, Illinois

In Royal Lakes, 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 $25,616, resulting in a relatively low property tax burden compared to the national median tax bill of $2,400. The tax bill at the 25th percentile is $155, while at the 75th percentile, it rises to $678, and at the 90th percentile, it reaches $1,059. These figures illustrate the varying impact of property taxes on homeowners, depending on their property's value and location. High property taxes can strain homeowners, making it crucial to ensure accuracy in assessments. Ownwell assists homeowners in Royal Lakes by providing professional property tax appeal and exemption services. By evaluating assessments and identifying potential discrepancies, Ownwell can help reduce your property tax bill, ensuring you only pay your fair share. This service can lead to significant savings, easing the financial burden on homeowners.

Property Tax Bills Across Royal Lakes, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Royal Lakes Tax Bill

$378

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Royal Lakes, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62685	$102	$155	$378	$678	$1,059

Source: Ownwell