Livingston, Madison County, Illinois Property Taxes
Median Livingston, IL effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Livingston, IL home value: $61,862
Median annual Livingston, IL tax bill: $986, $1,414 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Livingston, 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 Livingston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Livingston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Livingston, Madison County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.67%
Estimate Property Tax Bill
$1,033
$959
Property Tax Rates Across Livingston, Madison County, Illinois
Local government entities determine property tax rates, and these can differ significantly within a state. This variation arises because each county annually calculates its budgetary needs for services and divides this by the total assessed value of all taxable properties within its borders. This calculation establishes the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is essentially the annual procedure.
In Livingston, located in Madison County, Illinois, the effective property tax rate is 1.67%, which is notably higher than the national median of 1.02%. When comparing property tax rates across Illinois, Livingston's rate stands out. The median property tax bill in Livingston also surpasses the national median of $2400, reflecting the higher rate. This comparison highlights the significant role local tax rates play in determining property tax bills. For property owners in Livingston, understanding these rates is crucial for managing annual tax obligations and planning finances effectively.
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 Livingston Taxx Rate
1.67%
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 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 Livingston, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62058 | 0.80% | 1.30% | 1.67% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Livingston, Madison County, Illinois
When examining property taxes in Livingston, Illinois, 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 Livingston. For example, the median home price in Livingston is $61,862, with tax bills ranging significantly across the county. Zip code 62058 has the highest median home price at $61,862.
Property Tax Assessment Values Across Livingston, Madison County, Illinois
Source: Ownwell
$19,910
$137,778
$255,646
Median Livingston Market Value
$61,862
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 Livingston, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62058 | $25,270 | $43,596 | $61,862 | $98,484 | $148,919 |
Source: Ownwell
Property Tax Bills Across Livingston, Madison County, Illinois
In Livingston, located in Madison County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Livingston is $61,862, and the typical property tax bill is $986. This figure is below the national median property tax bill of $2,400. Factors influencing the tax bill include local government budgets and school funding needs. Homeowners in Livingston face a tax rate that can significantly impact their finances, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a valuable service to homeowners by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it aligns with current market conditions, Ownwell can help identify potential savings opportunities. This can lead to a reduction in your property tax bill, offering financial relief and peace of mind. With Ownwell's assistance, homeowners can ensure they are not overpaying and are taking advantage of any applicable exemptions.
Median Livingston Tax Bill
$986
Median Madison County Tax Bill
$2,705
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Livingston, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62058 | $304 | $615 | $986 | $1,599 | $2,526 |
Source: Ownwell