Alexis, Mercer County, Illinois Property Taxes

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

Median Alexis, IL effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Alexis, IL home value: $177,704
Median annual Alexis, IL tax bill: $3,969, $1,569 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

Alexis, Mercer County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$4,318

$4,007

Ownwell’s Alexis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alexis with just two data points. By entering your property's estimated assessed value, our calculator applies Alexis’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 Alexis, Mercer County, Illinois

Local government entities in Illinois set tax rates, which can vary widely within the state. Each year, counties like Mercer estimate their required budget to provide essential services and then divide that by the total value of all taxable property in their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Alexis, located in Mercer County, the effective property tax rate stands at 2.43%, which is significantly higher than the national median of 1.02%. This places a considerable financial responsibility on property owners compared to the national average. The higher rate in Alexis reflects the county's budgeting needs and the total assessed property value, which directly influence the tax rate. Despite the higher tax rate, property owners in Alexis benefit from the services and infrastructure funded by these taxes. Comparing Alexis to other cities in Illinois can provide valuable insights into regional tax strategies and the impact on residents.

Property Tax Rates Across Alexis, 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 Alexis Tax Rate

2.43%

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 Alexis, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61412	2.03%	2.22%	2.43%	2.47%	2.51%

Source: Ownwell

Property Tax Assessment Values Across Alexis, Mercer County, Illinois

When examining property taxes in Alexis, 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 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 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 Alexis.

For example, the median home price in Alexis is $177,704, with tax bills ranging significantly across the county. Zip code 61412 has the highest median home price at $177,704.

Property Tax Assessment Values Across Alexis, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median Alexis Market Value

$177,704

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 Alexis, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61412	$58,712	$115,222	$177,704	$306,503	$444,498

Source: Ownwell

Property Tax Bills Across Alexis, Mercer County, Illinois

In Alexis, Mercer County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. For homeowners, this means that changes in local budgets or property values can significantly impact their tax bills. In Alexis, the property tax bill ranges from $2,580 at the 25th percentile to $10,836 at the 90th percentile, with a median home price of $177,704. The median tax bill in Alexis stands at $3,969, which is significantly higher than the national median property tax bill of $2,400. Ownwell assists homeowners by evaluating their property assessments and identifying potential overvaluations. Through expert analysis and appeals, Ownwell can help reduce property tax bills, ensuring homeowners only pay their fair share. By leveraging local expertise, Ownwell offers a valuable service to those looking to save on property taxes.

Property Tax Bills Across Alexis, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median Alexis Tax Bill

$3,969

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Alexis, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61412	$1,260	$2,580	$3,969	$7,158	$10,836

Source: Ownwell