East Alton, Madison County, Illinois Property Taxes

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

Median EAST ALTON, IL effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median EAST ALTON, IL home value: $93,619
Median annual EAST ALTON, IL tax bill: $1,990, $410 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

East Alton, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.09%

Estimate Property Tax Bill

$1,957

$1,816

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

By entering your property's estimated assessed value, our calculator applies EAST 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.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across East Alton, Madison County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget needs for services and divides that by the total value of all taxable property within its area. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In East Alton, located in Madison County, property taxes are a crucial consideration for homeowners. East Alton's effective property tax rate can be compared to those in other cities across Illinois, as well as the median property tax rates in Illinois and the U.S. With a median property tax rate of 2.09%, East Alton's rate is notably higher than the national median of 1.02%. This means that homeowners in East Alton might face higher property tax bills compared to the national average. Understanding these rates is essential for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across East 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 East Alton Taxx Rate

2.09%

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 East Alton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62024	1.30%	1.72%	2.09%	2.97%	3.58%

Source: Ownwell

Property Tax Assessment Values Across East Alton, Madison County, Illinois

When examining property taxes in East 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 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 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 East Alton.

For example, the median home price in East Alton is $93,619, with tax bills ranging significantly across the county. Zip code 62024 has the highest median home price at $93,619.

Property Tax Assessment Values Across East Alton, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median East Alton Market Value

$93,619

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 East Alton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62024	$41,256	$61,960	$93,619	$128,799	$166,583

Source: Ownwell

Property Tax Bills Across East Alton, Madison County, Illinois

In East Alton, Madison County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $93,619, homeowners in East Alton can expect varying tax bills. While the 25th percentile tax bill is $1,395, those in the 75th percentile face a bill of $2,760. Interestingly, the highest and lowest median tax bills in the area are both $1,990, which is notably below the national median property tax bill of $2,400. This range highlights the potential savings available for homeowners. Ownwell can assist homeowners in East Alton by providing expert property tax appeal and exemption services. By reviewing assessments and identifying inaccuracies, Ownwell helps ensure homeowners are not overpaying on their property taxes, potentially leading to significant savings. This service is invaluable for homeowners looking to optimize their financial commitments.

Property Tax Bills Across East Alton, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median East Alton Tax Bill

$1,990

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across East Alton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62024	$870	$1,395	$1,990	$2,760	$3,592

Source: Ownwell