Alton, Madison County, Illinois Property Taxes

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

Median Alton, IL effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Alton, IL home value: $79,430
Median annual Alton, IL tax bill: $1,824, $576 lower than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

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

Last Updated March 1, 2025

Alton, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$1,843

$1,710

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

Property Tax Rates Across Alton, Madison County, Illinois

Local government entities determine tax rates, which can differ significantly across a state. The process involves each county calculating its necessary budget to fund services and dividing it by the total value of all taxable property in its area. This calculation establishes the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the fundamental process annually.

Alton in Madison County, Illinois, has an effective property tax rate of 2.32%. This is notably higher than both the Illinois state median and the national median property tax rate of 1.02%. This means property owners in Alton pay a higher percentage of their property's assessed value in taxes compared to many other places. Understanding these differences can help property owners better anticipate their tax liabilities and plan accordingly. By comparing Alton’s rate to other cities and the national average, property owners can gain insight into how their tax obligations stack up, potentially identifying opportunities for appeals or exemptions to reduce their tax burden.

Property Tax Rates Across Alton, Madison County, Illinois

Source: Ownwell

1.66%

3.31%

4.95%

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 Alton Taxx Rate

2.32%

Median Effective Madison County Taxx Rate

2.17%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Alton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62002	1.43%	1.99%	2.32%	2.92%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Alton, Madison County, Illinois

When examining property taxes in Alton, 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 Madison County Assessor 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 Madison 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 Alton.

For example, the median home price in Alton is $79,430, with tax bills ranging significantly across the county. Zip code 62002 has the highest median home price at $79,430.

Property Tax Assessment Values Across Alton, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Alton Market Value

$79,430

Median Madison County Market Value

$128,259

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Alton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62002	$36,306	$53,551	$79,430	$117,898	$192,243

Source: Ownwell

Property Tax Bills Across Alton, Madison County, Illinois

In Alton, located in Madison County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessment is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Alton, the median home price is $79,430, with tax bills ranging from $1,166 at the 25th percentile to $4,372 at the 90th percentile. The median tax bill in the area is $1,824, which is below the national median of $2,400. Factors such as property improvements, neighborhood changes, and local government budgets can influence these assessments, potentially increasing the financial burden on homeowners. Ownwell assists homeowners by providing property tax appeal services, aiming to lower their tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for reducing assessed values, thus helping homeowners save money. With expert guidance, homeowners can ensure their tax bills are fair and reflective of their property's true value.

Property Tax Bills Across Alton, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Alton Tax Bill

$1,824

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Alton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62002	$662	$1,166	$1,824	$2,733	$4,372

Source: Ownwell