Manito, Mason County, Illinois Property Taxes

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

Median MANITO, IL effective property tax rate: 3.17%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median MANITO, IL home value: $75,651
Median annual MANITO, IL tax bill: $2,385, $15 lower than the national median property tax bill of $2,400.

How are property taxes in Mason County calculated?

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

Last Updated March 1, 2025

Manito, Mason County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.17%

Estimate Property Tax Bill

$2,398

$2,225

Ownwell’s MANITO Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MANITO with just two data points. By entering your property's estimated assessed value, our calculator applies MANITO’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 Mason County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Manito, Mason 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. Below, you can compare MANITO’s effective property tax rate to other cities in IL and the median property tax rates in IL and the U.S. MANITO in Mason County has a property tax rate that stands out compared to the national average. With a median property tax rate of 3.17%, property owners in this area experience a significantly higher rate than the national median of 1.02%. This means that residents are likely paying more than the national median property tax bill of $2,400. Understanding these differences is crucial for property owners in MANITO as it impacts their financial planning and property investment decisions.

Property Tax Rates Across Manito, Mason County, Illinois

Source: Ownwell

2.75%

3.02%

3.29%

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 Manito Tax Rate

3.17%

Median Effective Mason County Tax Rate

2.98%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Manito, Mason County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61546	2.50%	2.95%	3.17%	3.21%	3.56%

Source: Ownwell

Property Tax Assessment Values Across Manito, Mason County, Illinois

When examining property taxes in Manito, 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 Mason 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 Mason 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 Manito. For example, the median home price in Manito is $75,651, with tax bills ranging significantly across the county. Zip code 61546 has the highest median home price at $75,651.

Property Tax Assessment Values Across Manito, Mason County, Illinois

Source: Ownwell

$47,322

$79,688

$112,053

Median Manito Market Value

$75,651

Median Mason County Market Value

$73,888

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Manito, Mason County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61546	$19,101	$53,679	$75,651	$119,766	$168,394

Source: Ownwell

Property Tax Bills Across Manito, Mason County, Illinois

In Manito, Illinois, 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 tax bill. With a median home price of $75,651, homeowners in Manito experience tax bills that vary significantly, ranging from the 25th percentile at $1,626 to the 90th percentile at $5,412. The median tax bill in the area stands at $2,385, slightly below the national median of $2,400. Factors influencing these tax bills include changes in property values and local government budgets. High property taxes can impact homeowners by increasing the cost of owning a home, potentially straining finances. Ownwell assists homeowners by offering property tax appeal services, aiming to reduce tax burdens. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Manito, Mason County, Illinois

Source: Ownwell

$1,262

$2,217

$3,171

Median Manito Tax Bill

$2,385

Median Mason County Tax Bill

$2,133

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Manito, Mason County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61546	$815	$1,626	$2,385	$3,587	$5,412

Source: Ownwell