Aledo, Mercer County, Illinois Property Taxes

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

Median Aledo, IL effective property tax rate: 2.55%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Aledo, IL home value: $154,762
Median annual Aledo, IL tax bill: $3,707, $1,307 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

Aledo, Mercer County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.55%

Estimate Property Tax Bill

$3,946

$3,662

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

Property Tax Rates Across Aledo, Mercer 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 Aledo’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 Aledo, Mercer County, Illinois

Source: Ownwell

2.25%

2.50%

2.75%

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 Aledo Tax Rate

2.55%

Median Effective Mercer County Tax Rate

2.47%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Aledo, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61231	1.88%	2.25%	2.55%	2.67%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Aledo, Mercer County, Illinois

When examining property taxes in Aledo, 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 Mercer County Assessor's 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 Mercer 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 Aledo.

For example, the median home price in Aledo is $154,762, with tax bills ranging significantly across the county. Zip code 61231 has the highest median home price at $154,762.

Property Tax Assessment Values Across Aledo, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median Aledo Market Value

$154,762

Median Mercer County Market Value

$156,489

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Aledo, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61231	$38,098	$84,195	$154,762	$263,563	$381,887

Source: Ownwell

Property Tax Bills Across Aledo, Mercer County, Illinois

In Aledo, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Aledo is $154,762, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets and school district funding needs can influence the tax rate, impacting how much homeowners owe. The median property tax bill in Aledo is $3,707, significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners, especially those with limited budgets. However, Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying possible inaccuracies, Ownwell can help homeowners reduce their tax liabilities and ensure they are not overpaying. This not only eases the financial strain but also promotes fair and equitable property taxation.

Property Tax Bills Across Aledo, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median Aledo Tax Bill

$3,707

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Aledo, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61231	$926	$1,988	$3,707	$6,517	$9,906

Source: Ownwell