Morgan County, Illinois Property Taxes

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

Median Morgan County effective property tax rate: 3.18%, significantly higher than the national median of 1.02%. Median Morgan County home value: $54,570. Median annual Morgan County tax bill: $1,473, $927 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Morgan County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.18%

Estimate Property Tax Bill

$1,735

$1,610

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

Property Tax Rates Across Morgan County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Morgan County's effective property tax rate to other counties in Illinois or the U.S. median property tax rate. Morgan County has a notably higher property tax rate than the national median of 1.02%. In Illinois, Jacksonville holds the highest median tax rate within Morgan County, while Waverly has the lowest. Such variations highlight the importance of understanding local tax assessments, as they can significantly impact property owners. Comparing these rates to the national median can provide insights into local tax burdens and aid in making informed decisions about property investments and tax appeals.

Property Tax Rates Across Morgan County, Illinois

Source: Ownwell

1.87%

2.52%

3.18%

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 Morgan County Taxx Rate

3.18%

Median Effective Illinois Taxx Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Morgan County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alexander	N/A	N/A	N/A	N/A	N/A
Arenzville	N/A	N/A	N/A	N/A	N/A
Ashland	N/A	N/A	N/A	N/A	N/A
Chapin	2.00%	2.26%	2.30%	2.56%	2.56%
Concord	N/A	N/A	N/A	N/A	N/A
Franklin	1.12%	1.67%	2.07%	2.17%	2.17%
Jacksonville	2.37%	3.18%	3.18%	3.18%	3.18%
Meredosia	N/A	N/A	N/A	N/A	N/A
Murrayville	1.47%	1.78%	2.21%	2.49%	2.73%
Pleasant Plains	N/A	N/A	N/A	N/A	N/A
South Jacksonville	2.24%	2.64%	2.64%	2.64%	2.64%
Waverly	1.54%	1.67%	1.87%	1.87%	1.87%
Winchester	N/A	N/A	N/A	N/A	N/A
Woodson	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Morgan County, Illinois

When examining property taxes in Morgan 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 Morgan County Assessor's 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. Assessment notices: In Morgan 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 Morgan County. For example, the median tax bill in Morgan County is $1,907, with tax bills ranging significantly across the county. South Jacksonville has the highest median home price at $72,120.

Property Tax Assessment Values Across Morgan County, Illinois

Source: Ownwell

$38,760

$55,440

$72,120

Median Morgan County Market Value

$54,570

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Morgan County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alexander	N/A	N/A	N/A	N/A	N/A
Arenzville	N/A	N/A	N/A	N/A	N/A
Ashland	N/A	N/A	N/A	N/A	N/A
Chapin	$9,561	$21,248	$47,775	$68,318	$97,077
Concord	N/A	N/A	N/A	N/A	N/A
Franklin	$16,962	$21,630	$38,760	$70,350	$78,996
Jacksonville	$12,438	$34,110	$57,900	$87,990	$143,406
Meredosia	N/A	N/A	N/A	N/A	N/A
Murrayville	$18,360	$37,815	$63,930	$112,260	$161,124
Pleasant Plains	N/A	N/A	N/A	N/A	N/A
South Jacksonville	$60,126	$60,570	$72,120	$101,040	$133,314
Waverly	$5,700	$18,098	$39,180	$61,770	$91,011
Winchester	N/A	N/A	N/A	N/A	N/A
Woodson	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Morgan County, Illinois

In Morgan County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Morgan County face a median property tax bill that varies significantly across different areas. For instance, South Jacksonville has the highest median tax bill at $1,907, while Waverly has the lowest at $523. This variation illustrates how location and property value influence tax bills. The 25th percentile tax bill is $709, indicating that a quarter of homeowners pay less than this amount, while the 75th percentile tax bill is $2,340, showing that a quarter pay more. At the 90th percentile, the tax bill reaches $3,793, highlighting the impact on higher-value properties. Compared to the national median property tax bill of $2,400, Morgan County's figures can be both lower and higher, affecting homeowners differently based on their property's assessed value and location.

Property Tax Bills Across Morgan County, Illinois

Source: Ownwell

$523

$1,215

$1,907

Median Morgan County Tax Bill

$1,473

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Morgan County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alexander	N/A	N/A	N/A	N/A	N/A
Arenzville	N/A	N/A	N/A	N/A	N/A
Ashland	N/A	N/A	N/A	N/A	N/A
Chapin	$228	$811	$1,117	$1,466	$2,330
Concord	N/A	N/A	N/A	N/A	N/A
Franklin	$282	$431	$764	$970	$1,268
Jacksonville	$395	$979	$1,693	$2,635	$4,164
Meredosia	N/A	N/A	N/A	N/A	N/A
Murrayville	$159	$681	$1,157	$1,819	$2,311
Pleasant Plains	N/A	N/A	N/A	N/A	N/A
South Jacksonville	$1,489	$1,602	$1,907	$2,515	$3,144
Waverly	$107	$339	$523	$1,157	$1,705
Winchester	N/A	N/A	N/A	N/A	N/A
Woodson	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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