Columbia, Monroe County, Illinois Property Taxes

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

Median Columbia, IL effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Columbia, IL home value: $240,360
Median annual Columbia, IL tax bill: $4,428, $2,028 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Columbia, Monroe County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$4,567

$4,238

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

Property Tax Rates Across Columbia, Monroe County, Illinois

Local government entities set property tax rates, which can vary widely within Illinois. 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.

In Columbia, located in Monroe County, the effective property tax rate stands at 1.90%. This rate is significantly higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Columbia's rate remains consistent, reflecting the county's approach to budgeting and taxation. The median property tax rate in Illinois aligns closely with Columbia's rate, indicating a broader trend across the state.

For property owners in Columbia, understanding these rates is crucial for financial planning and potential tax appeals. With property taxes being a significant expense, staying informed about local tax trends can lead to more strategic decisions and potential savings.

Property Tax Rates Across Columbia, Monroe County, Illinois

Source: Ownwell

1.69%

1.91%

2.13%

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 Columbia Taxx Rate

1.90%

Median Effective Monroe County Taxx Rate

1.91%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Columbia, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62236	1.57%	1.81%	1.90%	1.96%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Columbia, Monroe County, Illinois

When examining property taxes in Columbia, 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 Monroe 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.

Assessment notices:

In Monroe 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 Columbia.

For example, the median home price in Columbia is $240,360, with tax bills ranging significantly across the county. Zip code 62236 has the highest median home price at $240,360.

Property Tax Assessment Values Across Columbia, Monroe County, Illinois

Source: Ownwell

$54,540

$147,450

$240,360

Median Columbia Market Value

$240,360

Median Monroe County Market Value

$218,520

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Columbia, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62236	$139,326	$176,880	$240,360	$325,320	$417,324

Source: Ownwell

Property Tax Bills Across Columbia, Monroe County, Illinois

In Columbia, located in Monroe County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $240,360, and the property tax rate is notably higher than the national median rate of 1.02%. Homeowners in Columbia face a median property tax bill of $4,428, which is significantly above the national median of $2,400. This higher tax bill can place a considerable financial burden on homeowners, especially those with properties in the 75th and 90th percentiles, where tax bills can reach $6,191 and $8,084, respectively. Factors such as the property's assessed value and local government budgetary needs play a crucial role in determining the final tax bill. Ownwell offers valuable services to help homeowners in Columbia reduce their property tax bills by providing expert assistance in filing appeals and obtaining exemptions. By leveraging Ownwell's expertise, homeowners can potentially save a substantial amount on their property taxes, easing their financial burden.

Property Tax Bills Across Columbia, Monroe County, Illinois

Source: Ownwell

$954

$2,691

$4,428

Median Columbia Tax Bill

$4,428

Median Monroe County Tax Bill

$3,972

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Columbia, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62236	$2,207	$3,101	$4,428	$6,191	$8,084

Source: Ownwell