Moro, Madison County, Illinois Property Taxes

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

Median Moro, IL effective property tax rate: 2.02%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Moro, IL home value: $154,234
Median annual Moro, IL tax bill: $2,917, $517 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Moro, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.02%

Estimate Property Tax Bill

$3,116

$2,891

Ownwell’s Moro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moro with just two data points. By entering your property's estimated assessed value, our calculator applies Moro’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 Moro, 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 Moro’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Moro, 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 Moro Taxx Rate

2.02%

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 Moro, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62067	1.48%	1.81%	2.02%	2.18%	2.31%

Source: Ownwell

Property Tax Assessment Values Across Moro, Madison County, Illinois

When examining property taxes in Moro, 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 Tax 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 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 Moro.

For example, the median home price in Moro is $154,234, with tax bills ranging significantly across the county. The 62067 zip code has the highest median home price at $154,234.

Property Tax Assessment Values Across Moro, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Moro Market Value

$154,234

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 Moro, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62067	$73,783	$105,376	$154,234	$241,831	$334,625

Source: Ownwell

Property Tax Bills Across Moro, Madison County, Illinois

In Moro, located in Madison County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The median property tax bill in this area is $2,917, slightly above the national median of $2,400. Homeowners in Moro can expect their tax bills to range from the 25th percentile at $1,872 to the 90th percentile at $7,210. These figures highlight the variation in tax bills due to differences in property values and local tax rates. For homeowners, this means that property taxes can significantly impact their annual expenses, especially if their property is assessed at a higher value.

Ownwell offers a valuable service to homeowners by helping them appeal their property tax assessments. By analyzing the assessed value and comparing it to market trends, Ownwell can identify discrepancies and file appeals on behalf of homeowners. This process can lead to significant savings on property tax bills, reducing the financial burden on homeowners and ensuring they pay only their fair share.

Property Tax Bills Across Moro, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Moro Tax Bill

$2,917

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Moro, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62067	$1,218	$1,872	$2,917	$4,985	$7,210

Source: Ownwell