Pocahontas, Madison County, Illinois Property Taxes

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

Median Pocahontas, IL effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Pocahontas, IL home value: $215,406
Median annual Pocahontas, IL tax bill: $3,998, $1,598 higher than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

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

Last Updated March 1, 2025

Pocahontas, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.86%

Estimate Property Tax Bill

$4,007

$3,718

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

Local government entities set property tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In the city of Pocahontas, located in Bond County, Illinois, the effective property tax rate stands as a notable figure. When compared to other cities in Illinois, Pocahontas's rate is significant. The median property tax rate in Illinois is higher than the national median of 1.02%, reflecting the state's reliance on property taxes to fund local services. In contrast, the national median property tax bill is $2,400, highlighting the variations across different regions. Understanding these differences can help property owners in Pocahontas make informed decisions about their property tax obligations.

Property Tax Rates Across Pocahontas, 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 Pocahontas Taxx Rate

1.86%

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 Pocahontas, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62275	1.51%	1.81%	1.86%	2.03%	2.19%

Source: Ownwell

Property Tax Assessment Values Across Pocahontas, Madison County, Illinois

When examining property taxes in Pocahontas, 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 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 Pocahontas. For example, the median home price in Pocahontas is $215,406, with tax bills ranging significantly across the county. Zip code 62275 has the highest median home price at $215,406.

Property Tax Assessment Values Across Pocahontas, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Pocahontas Market Value

$215,406

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 Pocahontas, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62275	$116,636	$178,799	$215,406	$271,442	$337,682

Source: Ownwell

Property Tax Bills Across Pocahontas, Madison County, Illinois

In Pocahontas, 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 local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as changes in market conditions, local government budgets, and school funding needs can influence the tax rate and, consequently, the tax bill. Homeowners in Pocahontas face a median property tax bill of $3,998, significantly higher than the national median of $2,400. This can place a financial burden on property owners, especially those with tax bills reaching the 90th percentile at $6,582. Ownwell offers assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell can identify potential savings and guide homeowners through the appeal process, helping them reduce their property tax bills and alleviate financial pressure.

Property Tax Bills Across Pocahontas, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Pocahontas Tax Bill

$3,998

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Pocahontas, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62275	$2,027	$3,055	$3,998	$5,217	$6,582

Source: Ownwell