Staunton, Madison County, Illinois Property Taxes

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

Median Staunton, IL effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Staunton, IL home value: $122,042. Median annual Staunton, IL tax bill: $2,044, $356 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Staunton, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.66%

Estimate Property Tax Bill

$2,026

$1,880

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

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide services and divides that by the total assessed 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.

In Staunton, located in Macoupin County, IL, the effective property tax rate is a notable figure when compared to other cities in Illinois. The median property tax rate in Illinois is 1.66%, which is significantly higher than the national median of 1.02%. This makes Illinois one of the states with the highest property tax rates in the country. Homeowners in Staunton face a property tax rate that reflects the state's overall trend. Comparing this to the national landscape, where the median property tax bill is $2,400, Illinois residents often pay more due to higher rates. This comparison underscores the importance of understanding local tax rates and how they impact homeowners in different regions.

Property Tax Rates Across Staunton, 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 Staunton Tax Rate

1.66%

Median Effective Madison County Tax Rate

2.17%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Staunton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62088	1.09%	1.49%	1.66%	1.83%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Staunton, Madison County, Illinois

When examining property taxes in Staunton, 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 Staunton. For example, the median home price in Staunton is $122,042, with tax bills ranging significantly across the county. Zip code 62088 has the highest median home price at $122,042.

Property Tax Assessment Values Across Staunton, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Staunton Market Value

$122,042

Median Madison County Market Value

$128,259

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Staunton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62088	$26,637	$55,465	$122,042	$240,810	$315,886

Source: Ownwell

Property Tax Bills Across Staunton, Madison County, Illinois

In Staunton, located in Madison County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Staunton, the tax bill can vary significantly, with the 25th percentile at $817 and the 90th percentile reaching $5,379. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Factors such as changes in property values and local government budgets can influence tax rates and, consequently, tax bills. Homeowners in Staunton can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. This service can be particularly valuable in areas with higher tax rates, providing peace of mind and financial relief.

Property Tax Bills Across Staunton, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Staunton Tax Bill

$2,044

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Staunton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62088	$433	$817	$2,044	$3,892	$5,379

Source: Ownwell