Butler, Montgomery County, Illinois Property Taxes

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

Median Butler, IL effective property tax rate: 2.50%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Butler, IL home value: $103,620. Median annual Butler, IL tax bill: $2,837, $437 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Butler, Montgomery County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.5%

Estimate Property Tax Bill

$2,591

$2,404

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

Property Tax Rates Across Butler, Montgomery County, Illinois

As noted earlier, 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 Butler’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Butler, located in Montgomery County, showcases a property tax rate that is notably higher than the national median. This means homeowners in Butler face a substantial property tax burden compared to many other parts of the country. The consistency of the tax rate across Montgomery County indicates a uniform approach to property taxation within the region. By understanding these rates, property owners can make informed decisions about potential savings through tax appeals or exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Butler, Montgomery County, Illinois

Source: Ownwell

2.05%

2.39%

2.72%

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 Butler Taxx Rate

2.50%

Median Effective Montgomery County Taxx Rate

2.46%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Butler, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62015	1.29%	2.03%	2.50%	2.72%	2.95%

Source: Ownwell

Property Tax Assessment Values Across Butler, Montgomery County, Illinois

When examining property taxes in Butler, 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 Montgomery 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 Montgomery County are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Butler.

For example, the median home price in Butler is $103,620, with tax bills ranging significantly across the county. Zip code 62015 has the highest median home price at $103,620.

Property Tax Assessment Values Across Butler, Montgomery County, Illinois

Source: Ownwell

$80,096

$125,436

$170,775

Median Butler Market Value

$103,620

Median Montgomery County Market Value

$105,765

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Butler, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62015	$41,616	$63,009	$103,620	$156,802	$214,542

Source: Ownwell

Property Tax Bills Across Butler, Montgomery County, Illinois

In Butler, located in Montgomery County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as market trends, local government budgets, and school funding needs can influence the tax rate and, consequently, the tax bill. Homeowners in Butler face a median property tax bill of $2,837, which is higher than the national median of $2,400. This can be a significant financial burden, especially when considering that the tax bill at the 90th percentile reaches $5,366.

Ownwell offers a solution by providing property tax appeal and exemption services that can help reduce these costs. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings and guides homeowners through the appeal process. This service can lead to substantial reductions in property tax bills, easing the financial strain on homeowners.

Property Tax Bills Across Butler, Montgomery County, Illinois

Source: Ownwell

$1,498

$3,096

$4,694

Median Butler Tax Bill

$2,837

Median Montgomery County Tax Bill

$2,523

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Butler, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62015	$835	$1,398	$2,837	$4,309	$5,366

Source: Ownwell