Highland, Madison County, Illinois Property Taxes

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

Highland, IL, boasts a median effective property tax rate of 2.13%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. The median home value in Highland is $182,823. Homeowners in Highland face a median annual tax bill of $3,802, which is $1,402 higher than the national median property tax bill of $2,400.

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

Last Updated March 1, 2025

Highland, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$3,894

$3,614

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

Local government entities set tax rates, which can vary widely within a state. This is 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.

Highland in Madison County, IL, stands out with its property tax rate. Highland's effective property tax rate is significantly above the national median of 1.02%. This means homeowners in Highland pay more compared to the average U.S. homeowner. The median property tax rate in Illinois is also higher than the national average, reflecting the state's approach to funding local services through property taxes.

While Highland's tax rate might seem high, it is essential to consider the services and infrastructure supported by these taxes. Comparing Highland’s tax rate to other cities in Illinois and the U.S. can provide valuable insights for homeowners and potential buyers. Understanding these rates can help residents make informed decisions about their property investments.

Property Tax Rates Across Highland, 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 Highland Taxx Rate

2.13%

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 Highland, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62249	1.65%	1.89%	2.13%	2.33%	2.53%

Source: Ownwell

Property Tax Assessment Values Across Highland, Madison County, Illinois

When examining property taxes in Highland, 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 Highland. For example, the median home price in Highland is $182,823, with tax bills ranging significantly across the county. Zip code 62249 has the highest median home price at $182,823.

Property Tax Assessment Values Across Highland, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Highland Market Value

$182,823

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 Highland, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62249	$94,685	$127,088	$182,823	$249,670	$331,916

Source: Ownwell

Property Tax Bills Across Highland, Madison County, Illinois

In Highland, Madison County, IL, property tax bills are calculated based on 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 determine the annual tax bill. With a median home price of $182,823, homeowners often face tax bills that can vary significantly. For instance, the 25th percentile tax bill is $2,599, while the 75th percentile reaches $5,287, and the 90th percentile can be as high as $6,896. The median property tax bill in Highland is $3,802, which is above the national median of $2,400, reflecting a higher tax burden on homeowners in the area. This can impact homeowners by increasing their annual expenses and affecting their overall financial planning. Ownwell offers valuable assistance by helping homeowners appeal their property assessments and secure exemptions, potentially reducing their tax bills significantly. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property taxes and achieve substantial savings.

Property Tax Bills Across Highland, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Highland Tax Bill

$3,802

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Highland, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62249	$1,757	$2,599	$3,802	$5,287	$6,896

Source: Ownwell