Menard County, Illinois Property Taxes

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

Median Menard County effective property tax rate: 2.40%, significantly higher than the national median of 1.02%.
Median Menard County home value: $80,994
Median annual Menard County tax bill: $1,844, $556 lower than the national median property tax bill of $2,400.

How are property taxes in Menard County calculated?

Property taxes in Menard County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Petersburg or another part of Menard County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Menard County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.4%

Estimate Property Tax Bill

$1,944

$1,804

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

Property Tax Rates Across Menard County, Illinois

Local government entities in Illinois set property tax rates, leading to significant variations across different areas. Each year, Menard County estimates its necessary budget to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in establishing these rates and budgets, this annual process remains the core method. Menard County's effective property tax rate stands out when compared to other counties in Illinois and the national median property tax rate of 1.02%. With a rate significantly higher than the national median, property owners in Menard County face a considerable tax burden. While Oakford within the county has the highest median tax rate, Greenview offers some relief with the lowest. Understanding these variations is crucial for property owners considering tax appeals or exemptions. By staying informed, property owners can make strategic decisions to potentially reduce their tax liabilities.

Property Tax Rates Across Menard County, Illinois

Source: Ownwell

2.15%

2.35%

2.55%

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 Menard County Tax Rate

2.40%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Menard County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Athens	2.12%	2.35%	2.36%	2.40%	2.40%
Greenview	2.11%	2.14%	2.15%	2.19%	2.19%
Oakford	2.50%	2.52%	2.55%	2.55%	2.55%
Petersburg	2.32%	2.36%	2.45%	2.48%	2.53%
Tallula	2.39%	2.45%	2.49%	2.53%	2.53%
Middletown	N/A	N/A	N/A	N/A	N/A
Pleasant Plains	N/A	N/A	N/A	N/A	N/A
Williamsville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Menard County, Illinois

When examining property taxes in Menard County, 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 Menard County assessment office 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 Menard 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 Menard County.

For example, the median tax bill in Menard County is $2,681, with tax bills ranging significantly across the county. Tallula has the highest median home price at $110,733.

Property Tax Assessment Values Across Menard County, Illinois

Source: Ownwell

$45,300

$78,017

$110,733

Median Menard County Market Value

$80,994

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Menard County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Athens	$10,832	$32,422	$93,758	$196,678	$248,856
Greenview	$7,404	$30,554	$87,165	$179,174	$273,616
Oakford	$10,101	$19,810	$45,300	$94,814	$168,342
Petersburg	$8,490	$22,466	$56,559	$143,471	$246,201
Tallula	$9,034	$29,578	$110,733	$236,816	$328,310
Middletown	N/A	N/A	N/A	N/A	N/A
Pleasant Plains	N/A	N/A	N/A	N/A	N/A
Williamsville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Menard County, Illinois

Property tax bills in Menard County, IL, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Local tax rates, known as millage rates, are then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including changes in property values, local government budgets, and voter-approved measures. For homeowners in Menard County, property taxes can vary significantly. The median home price is $80,994, and the tax bill can range widely, with the 25th percentile at $631 and the 75th percentile reaching $4,168. At the 90th percentile, the tax bill can be as high as $6,387. In Menard County, the city of Tallula has the highest median tax bill at $2,681, while Oakford has the lowest at $1,153. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Menard County presents a diverse tax landscape, impacting homeowners differently depending on their property's location and assessed value.

Property Tax Bills Across Menard County, Illinois

Source: Ownwell

$1,153

$1,917

$2,681

Median Menard County Tax Bill

$1,844

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Menard County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Athens	$260	$769	$2,097	$4,635	$5,720
Greenview	$159	$665	$1,884	$3,884	$6,103
Oakford	$256	$504	$1,153	$2,362	$4,230
Petersburg	$217	$556	$1,401	$3,476	$5,957
Tallula	$218	$715	$2,681	$5,363	$8,196
Middletown	N/A	N/A	N/A	N/A	N/A
Pleasant Plains	N/A	N/A	N/A	N/A	N/A
Williamsville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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