Glen Carbon, Madison County, Illinois Property Taxes

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

Median Glen Carbon, IL effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Glen Carbon, IL home value: $234,895
Median annual Glen Carbon, IL tax bill: $5,143, $2,743 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Glen Carbon, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.26%

Estimate Property Tax Bill

$5,309

$4,926

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

Local government entities are responsible for setting tax rates, which can differ significantly even within the same state. This variation occurs because each county annually estimates the budget required to provide essential services. The county then divides this budget by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislative decisions, this is the fundamental method by which property tax rates are determined each year.

In Glen Carbon, located in Madison County, the effective property tax rate can be compared to other cities in Illinois as well as the median property tax rates in Illinois and across the United States. The median property tax rate in Illinois is notably higher than the national median, reflecting the state's reliance on property taxes to fund local services. By understanding these rates, property owners in Glen Carbon can better assess their tax liabilities and explore potential savings through tax appeals or exemptions.

Property Tax Rates Across Glen Carbon, 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 Glen Carbon Tax Rate

2.26%

Median Effective Madison County Tax Rate

2.17%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glen Carbon, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62034	1.87%	2.12%	2.26%	2.36%	2.46%

Source: Ownwell

Property Tax Assessment Values Across Glen Carbon, Madison County, Illinois

When examining property taxes in Glen Carbon, 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.

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 Glen Carbon.

For example, the median home price in Glen Carbon is $234,895, with tax bills ranging significantly across the county. Zip code 62034 has the highest median home price at $234,895.

Property Tax Assessment Values Across Glen Carbon, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Glen Carbon Market Value

$234,895

Median Madison County Market Value

$128,259

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Glen Carbon, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62034	$115,231	$174,294	$234,895	$318,123	$412,210

Source: Ownwell

Property Tax Bills Across Glen Carbon, Madison County, Illinois

In Glen Carbon, located in Madison County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the market value. Homeowners in this region face a median property tax bill of $5,143, significantly higher than the national median of $2,400. This discrepancy highlights the impact of local tax rates and assessment practices. Factors influencing the tax bill include the property's assessed value, applicable exemptions, and the local tax rate set by taxing authorities. Homeowners in Glen Carbon can experience a range of tax bills, with the 25th percentile at $3,575 and the 75th percentile reaching $7,152. To alleviate the financial burden, Ownwell offers property tax appeal services, helping homeowners potentially lower their tax bills by ensuring accurate assessments and identifying eligible exemptions. By leveraging expertise and local knowledge, Ownwell assists homeowners in navigating the complexities of property taxation, ultimately aiming to reduce their financial obligations.

Property Tax Bills Across Glen Carbon, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Glen Carbon Tax Bill

$5,143

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Glen Carbon, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62034	$2,082	$3,575	$5,143	$7,152	$9,473

Source: Ownwell