Standard City, Macoupin County, Illinois Property Taxes

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

Median STANDARD CITY, IL effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median STANDARD CITY, IL home value: $59,307. Median annual STANDARD CITY, IL tax bill: $804, $1,596 lower than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Standard City, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.64%

Estimate Property Tax Bill

$973

$903

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

Property Tax Rates Across Standard City, Macoupin County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.

In STANDARD CITY, located in Macoupin County, Illinois, property tax rates may differ from other cities within the state. The median property tax rate in Illinois stands at 1.64%, which is notably higher than the national median of 1.02%. This difference highlights how local factors influence tax rates.

For homeowners, understanding these rates is crucial as they directly impact annual property tax bills. In Illinois, the median property tax bill is substantially higher than the national median of $2,400. This is a result of the state's higher tax rate. By comparing STANDARD CITY's effective property tax rate to other cities in Illinois and the national median, homeowners can better grasp their financial obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Standard City, 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 Standard City Tax Rate

1.64%

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 Standard City, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62640	0.79%	1.23%	1.64%	2.15%	2.23%

Source: Ownwell

Property Tax Assessment Values Across Standard City, Macoupin County, Illinois

When examining property taxes in STANDARD CITY, 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 May. 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 STANDARD CITY.

For example, the median home price in STANDARD CITY is $59,307, with tax bills ranging significantly across the county. 62640 has the highest median home price at $59,307.

Property Tax Assessment Values Across Standard City, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Standard City Market Value

$59,307

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 Standard City, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62640	$16,424	$38,128	$59,307	$76,102	$110,129

Source: Ownwell

Property Tax Bills Across Standard City, Macoupin County, Illinois

In STANDARD CITY, located in Macoupin County, IL, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to this assessed value to determine your annual tax bill. With a median home price of $59,307, the property tax bills can vary significantly. For example, homeowners in the 25th percentile pay around $393, while those in the 75th percentile see bills of approximately $1,165. The highest median tax bill in the area is $804, which aligns with the lowest median tax bill, both found in the 62640 zip code. Compared to the national median property tax bill of $2,400, STANDARD CITY's figures are notably lower, offering a more affordable tax environment for homeowners. However, even with these relatively low rates, there is potential for savings. Ownwell assists homeowners by identifying inaccuracies in property assessments and exploring applicable exemptions, ensuring you don't pay more than necessary. By leveraging our expertise, you could significantly reduce your property tax burden.

Property Tax Bills Across Standard City, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Standard City Tax Bill

$804

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Standard City, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62640	$152	$393	$804	$1,165	$1,843

Source: Ownwell