Dorsey, Madison County, Illinois Property Taxes

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

Median Dorsey, IL effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dorsey, IL home value: $183,888
Median annual Dorsey, IL tax bill: $3,539, $1,139 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Dorsey, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.01%

Estimate Property Tax Bill

$3,696

$3,430

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

As noted earlier, 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. Below, you can compare Dorsey’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Dorsey, located in Madison County, is subject to a property tax rate of 2.01%, which is notably higher than the national median property tax rate of 1.02%. This places a significant tax burden on homeowners in the area. Given that the national median property tax bill is $2400, residents in Dorsey might find themselves paying considerably more due to the higher local rate. Understanding these rates is crucial for homeowners looking to manage their expenses or considering an appeal.

Property Tax Rates Across Dorsey, 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 Dorsey Taxx Rate

2.01%

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 Dorsey, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62021	1.48%	1.83%	2.01%	2.12%	2.23%

Source: Ownwell

Property Tax Assessment Values Across Dorsey, Madison County, Illinois

When examining property taxes in Dorsey, 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 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 Madison 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 Dorsey.

For example, the median home price in Dorsey is $183,888, with tax bills ranging significantly across the county. Zip code 62021 has the highest median home price at $183,888.

Property Tax Assessment Values Across Dorsey, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Dorsey Market Value

$183,888

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 Dorsey, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62021	$86,267	$128,521	$183,888	$250,841	$321,463

Source: Ownwell

Property Tax Bills Across Dorsey, Madison County, Illinois

In Dorsey, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate, determined by various taxing authorities, is then applied to this assessed value. Homeowners in Dorsey face a median property tax rate higher than the national median, resulting in a median tax bill that can significantly impact their finances. For instance, the tax bill at the 25th percentile is $2,262, while at the 90th percentile, it soars to $6,510, highlighting the variability homeowners might experience. Such high property tax bills can strain budgets, especially when compared to the national median tax bill of $2,400. Ownwell offers a solution by providing property tax appeal services that aim to reduce these burdensome bills. By analyzing property assessments and market values, Ownwell identifies opportunities for savings, potentially lowering the tax obligations for homeowners. This service not only eases financial pressure but also ensures that homeowners in Dorsey pay only their fair share.

Property Tax Bills Across Dorsey, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Dorsey Tax Bill

$3,539

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Dorsey, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62021	$1,425	$2,262	$3,539	$4,985	$6,510

Source: Ownwell