New Douglas, Madison County, Illinois Property Taxes
Median New Douglas, IL effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Douglas, IL home value: $124,640
Median annual New Douglas, IL tax bill: $2,276, $124 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in New Douglas, 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 New Douglas’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Douglas, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Douglas, Madison County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.88%
Estimate Property Tax Bill
$2,343
$2,174
Property Tax Rates Across New Douglas, 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 required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In New Douglas, located in Madison County, Illinois, the effective property tax rate stands at 1.88%. This rate is consistent across the county, reflecting a uniform approach to property taxation. Compared to the national median property tax rate of 1.02%, New Douglas's rate is notably higher. Similarly, the national median property tax bill is $2,400, suggesting that property owners in New Douglas may face comparatively higher tax bills.
Understanding these differences can be crucial for property owners looking to appeal their property taxes or explore exemption opportunities. By comparing New Douglas's effective property tax rate to other cities in Illinois, as well as the median property tax rates in the state and across the U.S., property owners can gain valuable insights into their tax obligations.
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 New Douglas Taxx Rate
1.88%
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 New Douglas, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62074 | 1.10% | 1.57% | 1.88% | 2.27% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across New Douglas, Madison County, Illinois
When examining property taxes in New Douglas, 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 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 New Douglas.
For example, the median home price in New Douglas is $124,640, with tax bills ranging significantly across the county. Zip code 62074 has the highest median home price at $124,640.
Property Tax Assessment Values Across New Douglas, Madison County, Illinois
Source: Ownwell
$19,910
$137,778
$255,646
Median New Douglas Market Value
$124,640
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 New Douglas, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62074 | $34,393 | $67,290 | $124,640 | $191,088 | $280,607 |
Source: Ownwell
Property Tax Bills Across New Douglas, Madison County, Illinois
Median New Douglas Tax Bill
$2,276
Median Madison County Tax Bill
$2,705
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across New Douglas, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62074 | $484 | $1,133 | $2,276 | $3,753 | $5,371 |
Source: Ownwell