Macomb, Mcdonough County, Illinois Property Taxes
Median Macomb, IL effective property tax rate: 3.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Macomb, IL home value: $40,110
Median annual Macomb, IL tax bill: $1,547, $853 lower than the national median property tax bill of $2,400.
How are property taxes in McDonough calculated?
Property taxes in Macomb, 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 Macomb’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Macomb, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Macomb, Mcdonough County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.94%
Estimate Property Tax Bill
$1,580
$1,467
Property Tax Rates Across Macomb, Mcdonough County, Illinois
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 Macomb Tax Rate
3.94%
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 Mcdonough County Tax Rate
3.94%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Macomb, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61455 | 3.32% | 3.94% | 3.94% | 3.94% | 3.94% |
Source: Ownwell
Property Tax Assessment Values Across Macomb, Mcdonough County, Illinois
When examining property taxes in Macomb, 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 McDonough County assessment authorities estimate 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 McDonough 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 Macomb. For example, the median home price in Macomb is $40,110, with tax bills ranging significantly across the county. Zip code 61455 has the highest median home price at $40,110.
Property Tax Assessment Values Across Macomb, Mcdonough County, Illinois
Source: Ownwell
$21,498
$30,804
$40,110
Median Macomb Market Value
$40,110
Median Mcdonough County Market Value
$39,024
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Macomb, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61455 | $18,903 | $29,667 | $40,110 | $60,244 | $92,574 |
Source: Ownwell
Property Tax Bills Across Macomb, Mcdonough County, Illinois
In Macomb, located in McDonough County, IL, property tax bills are primarily determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, and in Illinois, this is typically 33.33%. The tax rate is set by local taxing authorities and can vary annually. For homeowners in Macomb, the median property tax bill is $1,547, which is below the national median of $2,400. However, this can vary significantly, with bills ranging from $1,120 at the 25th percentile to $3,453 at the 90th percentile, depending on the property's assessed value and location within the city.
High property taxes can be a burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal services, Ownwell helps homeowners potentially lower their tax bills. Our team analyzes your property's assessed value, identifies discrepancies, and files appeals on your behalf, ensuring you pay only what is fair. With Ownwell, homeowners in Macomb can save money and gain peace of mind.
Median Macomb Tax Bill
$1,547
Median Mcdonough County Tax Bill
$1,464
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Macomb, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61455 | $681 | $1,120 | $1,547 | $2,296 | $3,453 |
Source: Ownwell