Cadwell, Moultrie County, Illinois Property Taxes

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

Median Cadwell, IL effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Cadwell, IL home value: $80,119
Median annual Cadwell, IL tax bill: $1,252, $1,148 lower than the national median property tax bill of $2,400.

How are property taxes in Moultrie County calculated?

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

Last Updated March 1, 2025

Cadwell, Moultrie County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$1,370

$1,271

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

Property Tax Rates Across Cadwell, Moultrie County, Illinois

Local government entities determine property tax rates, leading to significant variation within a state. This variation arises because each county annually estimates its budget needs to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. Though votes and legislative measures influence the setting of tax rates and budgets, this is essentially the annual process.

In Cadwell, located in Moultrie County, Illinois, the effective property tax rate is a key point of comparison. The median property tax rate in Illinois is 1.71%, which is notably higher than the national median of 1.02%. This positions Illinois among the states with higher property tax rates. For residents in Cadwell, understanding how these rates compare to both state and national figures can be crucial for financial planning and property investment decisions. By analyzing Cadwell's effective property tax rate, property owners can gain insights into local tax obligations and how they measure up against broader trends.

Property Tax Rates Across Cadwell, Moultrie County, Illinois

Source: Ownwell

1.58%

1.94%

2.29%

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 Cadwell Tax Rate

1.71%

Median Effective Moultrie County Tax Rate

2.15%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cadwell, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61911	1.02%	1.41%	1.71%	2.04%	2.20%

Source: Ownwell

Property Tax Assessment Values Across Cadwell, Moultrie County, Illinois

When examining property taxes in Cadwell, 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 Moultrie 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: Moultrie County sends assessment notices 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 Cadwell. For example, the median home price in Cadwell is $80,119, with tax bills ranging significantly across the county. 61911 has the highest median home price at $80,119.

Property Tax Assessment Values Across Cadwell, Moultrie County, Illinois

Source: Ownwell

$34,636

$96,488

$158,340

Median Cadwell Market Value

$80,119

Median Moultrie County Market Value

$97,648

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cadwell, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61911	$38,672	$60,454	$80,119	$106,985	$154,778

Source: Ownwell

Property Tax Bills Across Cadwell, Moultrie County, Illinois

In Cadwell, located in Moultrie County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. The median home price in this area is $80,119, with tax bills ranging from $807 at the 25th percentile to $3,369 at the 90th percentile. Compared to the national median property tax bill of $2,400, Cadwell's tax bills can be quite variable. Factors such as the property's location, size, and improvements can affect the assessed value, impacting the final tax bill. Homeowners in Cadwell might find themselves paying more than necessary if their property is over-assessed. Ownwell can assist by providing expert property tax appeal services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging local expertise and understanding the nuances of property assessments, Ownwell helps homeowners reduce their tax burdens and achieve significant savings.

Property Tax Bills Across Cadwell, Moultrie County, Illinois

Source: Ownwell

$561

$2,347

$4,133

Median Cadwell Tax Bill

$1,252

Median Moultrie County Tax Bill

$2,121

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Cadwell, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61911	$620	$807	$1,252	$2,033	$3,369

Source: Ownwell