Trenton, Madison County, Illinois Property Taxes

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

Median Trenton, IL effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Trenton, IL home value: $255,646
Median annual Trenton, IL tax bill: $5,153, $2,753 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Trenton, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.98%

Estimate Property Tax Bill

$5,062

$4,697

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

Local government entities set tax rates, which can vary widely within a state. 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.

In Trenton, Madison County, Illinois, property tax rates are a significant consideration for homeowners. The median property tax rate here stands at 1.98%, which is notably higher than the national median of 1.02%. This makes owning property in Trenton more costly in terms of taxes compared to many other regions across the U.S. Homeowners in this area might find appealing their property tax assessments particularly beneficial. When comparing Trenton’s effective property tax rate to other cities in Illinois, you can see that it aligns with the highest and lowest median tax rates within the state, all pegged at 1.98%. Understanding these rates can help homeowners make informed decisions about property investments and potential tax appeals.

Property Tax Rates Across Trenton, 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 Trenton Taxx Rate

1.98%

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 Trenton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62293	1.61%	1.88%	1.98%	2.10%	2.15%

Source: Ownwell

Property Tax Assessment Values Across Trenton, Madison County, Illinois

When examining property taxes in Trenton, 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 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 Trenton. For example, the median home price in Trenton is $255,646, with tax bills ranging significantly across the county. Zip code 62293 has the highest median home price at $255,646.

Property Tax Assessment Values Across Trenton, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Trenton Market Value

$255,646

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 Trenton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62293	$122,636	$191,111	$255,646	$338,025	$389,270

Source: Ownwell

Property Tax Bills Across Trenton, Madison County, Illinois

In Trenton, Madison County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in Trenton face a median property tax bill of $5,153, significantly higher than the national median of $2,400. This discrepancy highlights the financial burden on homeowners in the area. Factors influencing tax bills include property location, market trends, and local government budgets. For instance, homes in the 75th percentile of tax bills pay around $6,730, while those in the 90th percentile see bills as high as $8,262. These high tax rates can strain household budgets, making it crucial for homeowners to explore ways to reduce their tax liabilities. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, offering significant savings and financial relief.

Property Tax Bills Across Trenton, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Trenton Tax Bill

$5,153

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Trenton, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62293	$1,941	$3,486	$5,153	$6,730	$8,262

Source: Ownwell