Waggoner, Macoupin County, Illinois Property Taxes

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

Median Waggoner, IL effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Waggoner, IL home value: $108,458
Median annual Waggoner, IL tax bill: $2,553, $153 higher than the national median property tax bill of $2,400.

How are property taxes in Macoupin calculated?

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

Last Updated March 1, 2025

Waggoner, Macoupin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$2,657

$2,466

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

In Waggoner, located in Macoupin County, Illinois, the effective property tax rate is notably higher than the national median. The county's tax rate stands as one of the highest within the state, reflecting the local government's budgetary needs and the total assessed value of properties. This is a significant contrast to the national median property tax rate of 1.02% and the median property tax bill of $2400.

Such a high tax rate can impact homeowners' decisions, influencing both property values and the desirability of the area. Comparing Waggoner’s tax rate to other cities in Illinois and the national average provides a clearer picture of the local tax landscape. Understanding these differences is crucial for property owners when considering tax appeals or exemptions.

Property Tax Rates Across Waggoner, 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 Waggoner Tax Rate

2.45%

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 Waggoner, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62572	2.04%	2.17%	2.45%	2.65%	2.89%

Source: Ownwell

Property Tax Assessment Values Across Waggoner, Macoupin County, Illinois

When examining property taxes in Waggoner, 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 Waggoner. For example, the median home price in Waggoner is $108,458, with tax bills ranging significantly across the county. Zip code 62572 has the highest median home price at $108,458.

Property Tax Assessment Values Across Waggoner, Macoupin County, Illinois

Source: Ownwell

$25,616

$109,649

$193,682

Median Waggoner Market Value

$108,458

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 Waggoner, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62572	$56,605	$79,168	$108,458	$118,226	$138,788

Source: Ownwell

Property Tax Bills Across Waggoner, Macoupin County, Illinois

In Waggoner, located in Macoupin County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $108,458, homeowners in Waggoner face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $2,070, while the 75th percentile reaches $2,899, and the 90th percentile climbs to $4,135. The median property tax bill in this area is $2,553, slightly above the national median of $2,400. This can place a financial strain on homeowners. Ownwell assists by offering property tax appeal and exemption services, potentially lowering tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners achieve fair taxation, ensuring they don't overpay. This service can lead to significant savings, especially for those facing higher tax bills in Waggoner.

Property Tax Bills Across Waggoner, Macoupin County, Illinois

Source: Ownwell

$378

$1,651

$2,923

Median Waggoner Tax Bill

$2,553

Median Macoupin County Tax Bill

$1,490

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Waggoner, Macoupin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62572	$1,043	$2,070	$2,553	$2,899	$4,135

Source: Ownwell