Golconda, Massac County, Illinois Property Taxes

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

Median Golconda, IL effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Golconda, IL home value: $106,781. Median annual Golconda, IL tax bill: $1,566, $834 lower than the national median property tax bill of $2,400. How are property taxes in Massac calculated? Property taxes in Golconda, 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 Golconda’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Golconda, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Golconda, Massac County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.07%

Estimate Property Tax Bill

$2,210

$2,051

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

Property Tax Rates Across Golconda, Massac County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Golconda’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Golconda, Massac County, Illinois

Source: Ownwell

2.07%

2.55%

3.03%

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 Golconda Tax Rate

2.07%

Median Effective Massac County Tax Rate

2.51%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Golconda, Massac County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62938	0.94%	1.36%	2.07%	2.52%	2.64%

Source: Ownwell

Property Tax Assessment Values Across Golconda, Massac County, Illinois

When examining property taxes in Golconda, 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 Massac 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 Massac 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 Golconda.

For example, the median home price in Golconda is $106,781, with tax bills ranging significantly across the county. The zip code 62938 has the highest median home price at $106,781.

Property Tax Assessment Values Across Golconda, Massac County, Illinois

Source: Ownwell

$4,650

$55,716

$106,781

Median Golconda Market Value

$106,781

Median Massac County Market Value

$60,801

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Golconda, Massac County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62938	$50,744	$69,570	$106,781	$154,868	$186,877

Source: Ownwell

Property Tax Bills Across Golconda, Massac County, Illinois

In Golconda, located in Massac County, IL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $106,781, homeowners in Golconda face property tax bills that can vary significantly. The 25th percentile tax bill is $891, while the 75th percentile reaches $3,633, and the 90th percentile climbs to $4,632. These figures highlight the variability in tax burdens, influenced by factors like property value assessments and local tax rates. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Golconda homeowners may find their tax bills either lower or considerably higher than average. This variability underscores the importance of ensuring fair property assessments. Ownwell can assist homeowners by identifying potential discrepancies in property assessments and filing appeals, which can lead to significant tax savings. By leveraging expertise in property tax law, Ownwell helps homeowners reduce their tax liabilities and ensure they are not overpaying.

Property Tax Bills Across Golconda, Massac County, Illinois

Source: Ownwell

$150

$1,370

$2,589

Median Golconda Tax Bill

$1,566

Median Massac County Tax Bill

$1,443

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Golconda, Massac County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62938	$629	$891	$1,566	$3,633	$4,632

Source: Ownwell