Rosamond, Montgomery County, Illinois Property Taxes

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

Median Rosamond, IL effective property tax rate: 2.46%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rosamond, IL home value: $151,371
Median annual Rosamond, IL tax bill: $3,571, $1,171 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Rosamond, 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

$3,724

$3,456

Ownwell’s Rosamond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rosamond with just two data points. By entering your property's estimated assessed value, our calculator applies Rosamond'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 Rosamond, Montgomery 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 Rosamond’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Rosamond, located in Montgomery County, has a median tax rate of 2.46%, which is significantly higher than the national median property tax rate of 1.02%. This places Rosamond among the areas with the highest property tax rates in Illinois. Despite the high rate, it is essential to remember that these taxes fund crucial local services such as schools, infrastructure, and emergency services, contributing to the community's overall quality of life. Understanding these rates can empower property owners to make informed decisions about property investments and potential appeals.

Property Tax Rates Across Rosamond, 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 Rosamond Tax Rate

2.46%

Median Effective Montgomery County Tax Rate

2.46%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rosamond, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62083	1.71%	2.07%	2.46%	2.60%	2.75%

Source: Ownwell

Property Tax Assessment Values Across Rosamond, Montgomery County, Illinois

When examining property taxes in Rosamond, 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 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, 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 Rosamond. For example, the median home price in Rosamond is $151,371, with tax bills ranging significantly across the county. Zip code 62083 has the highest median home price at $151,371.

Property Tax Assessment Values Across Rosamond, Montgomery County, Illinois

Source: Ownwell

$80,096

$125,436

$170,775

Median Rosamond Market Value

$151,371

Median Montgomery County Market Value

$105,765

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rosamond, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62083	$84,924	$94,114	$151,371	$215,056	$283,208

Source: Ownwell

Property Tax Bills Across Rosamond, Montgomery County, Illinois

In Rosamond, located in Montgomery County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $151,371, homeowners in Rosamond face tax bills that can vary significantly. The 25th percentile tax bill is $2,137, while the 75th percentile reaches $5,362, and the 90th percentile climbs to $7,491. These figures highlight that many residents pay above the national median property tax bill of $2,400. This can place a significant financial burden on homeowners, affecting their overall cost of living. Ownwell offers a solution by providing property tax appeal services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies potential discrepancies and files appeals on your behalf. This process can lead to substantial savings, reducing your property tax burden and ensuring you're not overpaying.

Property Tax Bills Across Rosamond, Montgomery County, Illinois

Source: Ownwell

$1,498

$3,096

$4,694

Median Rosamond Tax Bill

$3,571

Median Montgomery County Tax Bill

$2,523

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Rosamond, Montgomery County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62083	$1,652	$2,137	$3,571	$5,362	$7,491

Source: Ownwell