Montgomery County, Illinois Property Taxes

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

Median Montgomery County effective property tax rate: 2.46%, significantly higher than the national median of 1.02%.
Median Montgomery County home value: $105,765
Median annual Montgomery County tax bill: $2,523, $123 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

Property taxes in Montgomery 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 Hillsboro or another part of Montgomery County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montgomery County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.46%

Estimate Property Tax Bill

$2,602

$2,414

Ownwell’s Montgomery County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montgomery County with just two data points.

By entering your property's estimated assessed value, our calculator applies Montgomery 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 Montgomery County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montgomery County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 Montgomery County's effective property tax rate to other counties in Illinois or the U.S. median property tax rate. Montgomery County has a median property tax rate of 2.46%, significantly higher than the national median property tax rate of 1.02%. In Illinois, Montgomery County's rate is nestled between the highest rate found in Farmersville at 2.72% and the lowest in Ramsey at 2.05%. This comparison highlights the variability in property tax rates across different regions, emphasizing the importance of understanding local tax dynamics and how they impact property owners.

Property Tax Rates Across Montgomery County, Illinois

Source: Ownwell

2.05%

2.39%

2.72%

Median Effective Montgomery County Tax Rate

2.46%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Montgomery County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Butler	1.29%	2.03%	2.50%	2.72%	2.95%
Coffeen	N/A	N/A	N/A	N/A	N/A
Donnellson	1.73%	2.34%	2.70%	2.82%	3.45%
Farmersville	2.08%	2.49%	2.72%	2.85%	3.06%
Fillmore	1.27%	1.97%	2.39%	2.69%	2.80%
Harvel	2.45%	2.50%	2.63%	2.91%	3.01%
Hillsboro	1.54%	2.09%	2.43%	2.70%	2.95%
Irving	1.23%	1.83%	2.40%	2.59%	2.83%
Litchfield	1.60%	2.11%	2.45%	2.87%	3.09%
Morrisonville	2.09%	2.32%	2.48%	2.66%	2.96%
Mount Olive	N/A	N/A	N/A	N/A	N/A
Mulberry Grove	N/A	N/A	N/A	N/A	N/A
New Douglas	N/A	N/A	N/A	N/A	N/A
Nokomis	1.62%	1.99%	2.40%	2.69%	2.83%
Oconee	1.01%	1.63%	2.10%	2.21%	2.39%
Ohlman	N/A	N/A	N/A	N/A	N/A
Pana	1.84%	1.93%	2.25%	2.69%	2.79%
Panama	N/A	N/A	N/A	N/A	N/A
Pawnee	N/A	N/A	N/A	N/A	N/A
Ramsey	1.49%	1.60%	2.05%	2.34%	2.47%
Raymond	1.96%	2.38%	2.56%	2.76%	2.81%
Rosamond	1.71%	2.07%	2.46%	2.60%	2.75%
Sorento	2.10%	2.34%	2.65%	2.75%	2.83%
Taylor Springs	N/A	N/A	N/A	N/A	N/A
Virden	2.22%	2.35%	2.58%	2.83%	3.02%
Waggoner	2.22%	2.34%	2.49%	2.83%	2.90%
Walshville	0.99%	1.88%	2.38%	2.66%	2.88%
Witt	1.73%	2.20%	2.46%	2.84%	2.91%

Source: Ownwell

Property Tax Assessment Values Across Montgomery County, Illinois

When examining property taxes in Montgomery 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 Montgomery 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 Montgomery 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 Montgomery County. For example, the median tax bill in Montgomery County is $2,400, with tax bills ranging significantly across the county. Harvel has the highest median home price at $170,775.

Property Tax Assessment Values Across Montgomery County, Illinois

Source: Ownwell

$80,096

$125,436

$170,775

Median Montgomery County Assessed Value

$105,765

Median Illinois Assessed Value

$194,700

Median United States Assessed Value

$244,900

Property Tax Assessment Values Across Montgomery County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Butler	$41,616	$63,009	$103,620	$156,802	$214,542
Coffeen	N/A	N/A	N/A	N/A	N/A
Donnellson	$6,582	$39,158	$83,992	$163,208	$284,363
Farmersville	$32,776	$63,254	$119,607	$190,748	$243,884
Fillmore	$24,234	$41,750	$80,096	$134,895	$190,244
Harvel	$52,380	$120,525	$170,775	$196,838	$228,990
Hillsboro	$28,800	$58,755	$104,768	$157,815	$211,337
Irving	$30,816	$57,447	$100,062	$158,712	$203,666
Litchfield	$28,164	$54,375	$109,620	$173,752	$235,233
Morrisonville	$76,250	$110,899	$150,344	$214,188	$251,595
Mount Olive	N/A	N/A	N/A	N/A	N/A
Mulberry Grove	N/A	N/A	N/A	N/A	N/A
New Douglas	N/A	N/A	N/A	N/A	N/A
Nokomis	$17,202	$45,750	$105,690	$166,575	$221,535
Oconee	$15,609	$39,422	$97,620	$125,644	$152,128
Ohlman	N/A	N/A	N/A	N/A	N/A
Pana	$53,820	$59,715	$111,435	$158,385	$272,055
Panama	N/A	N/A	N/A	N/A	N/A
Pawnee	N/A	N/A	N/A	N/A	N/A
Ramsey	$32,481	$54,982	$93,512	$118,001	$131,543
Raymond	$38,214	$76,770	$163,140	$215,475	$274,352
Rosamond	$84,924	$94,114	$151,371	$215,056	$283,208
Sorento	$48,766	$78,687	$160,581	$185,692	$203,880
Taylor Springs	N/A	N/A	N/A	N/A	N/A
Virden	$73,137	$105,498	$151,245	$213,915	$255,044
Waggoner	$29,347	$94,872	$125,265	$198,456	$237,258
Walshville	$26,259	$61,369	$104,360	$152,708	$200,805
Witt	$31,500	$59,968	$101,404	$170,302	$197,703

Source: Ownwell

Property Tax Bills Across Montgomery County, Illinois

In Montgomery County, IL, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by current real estate trends and local government assessments. Homeowners in Montgomery County face a range of property tax bills, with the 25th percentile at $1,318, the 75th percentile at $4,256, and the 90th percentile reaching as high as $5,723. The city of Harvel stands out with the highest median tax bill of $4,694, while Ramsey has the lowest at $1,498. Compared to the national median property tax bill of $2,400, Montgomery County's tax bills can be significantly higher, particularly for those in the upper percentiles. These tax bills directly impact homeowners by influencing their overall housing costs and can affect decisions on buying or selling property. Understanding these factors is crucial for homeowners looking to manage their expenses and plan for the future.

Property Tax Bills Across Montgomery County, Illinois

Source: Ownwell

$1,498

$3,096

$4,694

Median Montgomery County Tax Bill

$2,523

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Montgomery County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Butler	$835	$1,398	$2,837	$4,309	$5,366
Coffeen	N/A	N/A	N/A	N/A	N/A
Donnellson	$322	$1,433	$3,119	$4,649	$7,474
Farmersville	$1,113	$1,774	$3,545	$5,225	$6,441
Fillmore	$463	$827	$1,724	$3,298	$4,989
Harvel	$2,010	$3,360	$4,694	$5,491	$6,552
Hillsboro	$647	$1,315	$2,314	$3,892	$5,375
Irving	$543	$1,160	$2,009	$3,842	$5,171
Litchfield	$590	$1,371	$2,574	$4,119	$6,019
Morrisonville	$1,756	$2,693	$3,936	$4,841	$6,732
Mount Olive	N/A	N/A	N/A	N/A	N/A
Mulberry Grove	N/A	N/A	N/A	N/A	N/A
New Douglas	N/A	N/A	N/A	N/A	N/A
Nokomis	$686	$1,124	$2,306	$4,302	$5,643
Oconee	$586	$1,335	$2,156	$2,626	$2,953
Ohlman	N/A	N/A	N/A	N/A	N/A
Pana	$1,027	$1,161	$2,283	$4,422	$7,330
Panama	N/A	N/A	N/A	N/A	N/A
Pawnee	N/A	N/A	N/A	N/A	N/A
Ramsey	$823	$988	$1,498	$2,111	$2,517
Raymond	$1,385	$2,257	$3,955	$5,779	$7,635
Rosamond	$1,652	$2,137	$3,571	$5,362	$7,491
Sorento	$1,757	$2,085	$3,369	$5,054	$5,400
Taylor Springs	N/A	N/A	N/A	N/A	N/A
Virden	$1,790	$2,140	$3,898	$5,833	$6,839
Waggoner	$1,494	$2,428	$3,123	$5,339	$6,175
Walshville	$579	$1,038	$2,466	$3,646	$5,318
Witt	$879	$1,480	$2,449	$4,358	$5,304

Source: Ownwell

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