Average Tax Assessment in Macon County
Real Estate Values and Property Tax Valuation in Macon County, Illinois
Macon County has 41,041 properties with a cumulative value of $4.1B, making up 0.59% of all real estate value in Illinois. Property taxes in Macon County totaled $101.1M, with an average homeowner paying $2,575 in property taxes, which is lower than the state average of $5,405. The average property tax rate in Macon County is 2.45%, slightly lower than the state average of 2.47%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Macon Assessor | (660) 385-2416 |
| Macon Assessor | (828) 349-2144 |
| Macon Assessor | (217) 424-1364 |
| Macon Assessor | (615) 666-3688 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Macon County
Residential Property Taxes by Cities in Macon County
Macon County has an average property tax rate of 2.45%, which is slightly lower than the average rate for the state of Illinois. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly from city to city. For example, Decatur has the highest effective property tax rate in the county at 2.5%, while Macon has the lowest at 2.12%. This means that property owners in Decatur will pay more in taxes than those in Macon.
Overall, Macon County has a relatively low property tax rate compared to other counties in Illinois. This makes it an attractive option for those looking to purchase property in the area. However, it is important to keep in mind that the effective property tax rate can vary significantly from city to city, so it is important to research the rates in the specific city you are considering before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Macon County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | $52,688 | $78,354 | $103,603 | $162,915 | $260,525 |
| Blue Mound | $46,712 | $69,798 | $93,912 | $126,665 | $172,447 |
| Decatur | $17,157 | $29,631 | $68,983 | $110,520 | $163,707 |
| Forsyth | $98,944 | $142,784 | $222,382 | $286,503 | $357,312 |
| Macon | $50,691 | $72,673 | $100,012 | $152,100 | $258,754 |
| Maroa | $44,165 | $73,964 | $101,486 | $150,398 | $227,078 |
| Mt Zion | $93,756 | $114,475 | $135,759 | $207,930 | $285,290 |
| Niantic | $36,461 | $62,293 | $88,696 | $117,746 | $160,173 |
| Oakley | $66,297 | $107,860 | $154,035 | $211,408 | $307,853 |
| Oreana | $70,766 | $85,678 | $109,722 | $171,678 | $221,044 |
| Warrensburg | $57,127 | $83,339 | $107,959 | $141,204 | $212,426 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Macon County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | $1,041 | $1,902 | $2,618 | $4,112 | $6,794 |
| Blue Mound | $856 | $1,608 | $2,307 | $3,177 | $4,648 |
| Decatur | $444 | $758 | $1,677 | $2,863 | $4,477 |
| Forsyth | $1,924 | $3,213 | $5,286 | $7,088 | $8,985 |
| Macon | $889 | $1,467 | $2,127 | $3,461 | $6,208 |
| Maroa | $950 | $1,568 | $2,531 | $3,925 | $5,973 |
| Mt Zion | $1,950 | $2,578 | $3,253 | $5,294 | $7,354 |
| Niantic | $741 | $1,347 | $2,045 | $2,855 | $3,862 |
| Oakley | $1,057 | $2,100 | $3,354 | $5,204 | $7,412 |
| Oreana | $1,128 | $1,751 | $2,503 | $3,878 | $5,308 |
| Warrensburg | $1,371 | $1,924 | $2,688 | $3,672 | $5,524 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | 1.98% | 2.43% | 2.53% | 2.52% | 2.61% |
| Blue Mound | 1.83% | 2.30% | 2.46% | 2.51% | 2.70% |
| Decatur | 2.59% | 2.56% | 2.43% | 2.59% | 2.73% |
| Forsyth | 1.94% | 2.25% | 2.38% | 2.47% | 2.51% |
| Macon | 1.75% | 2.02% | 2.13% | 2.28% | 2.40% |
| Maroa | 2.15% | 2.12% | 2.49% | 2.61% | 2.63% |
| Mt Zion | 2.08% | 2.25% | 2.40% | 2.55% | 2.58% |
| Niantic | 2.03% | 2.16% | 2.31% | 2.42% | 2.41% |
| Oakley | 1.59% | 1.95% | 2.18% | 2.46% | 2.41% |
| Oreana | 1.59% | 2.04% | 2.28% | 2.26% | 2.40% |
| Warrensburg | 2.40% | 2.31% | 2.49% | 2.60% | 2.60% |
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Real Estate Values in Macon County
The data from Redfin shows that the median home price in Macon County, Illinois has decreased by 21.57% from October 2022 to October 2023. This indicates that the housing market in Macon County is experiencing a downward trend in home prices. Additionally, the home inventory in Macon County has decreased from 270 in October 2022 to 217 in October 2023, indicating that there is a decrease in the number of homes available for sale in the area.
Average Home Value in Macon County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Macon County
Last updated: November 2023
Percent Change in New Home Listings in Macon County
Last updated: November 2023
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Mortgage Rates in Macon County
Macon County has a total of $1.3 billion in outstanding home mortgage loans. This represents 11.4 thousand loans, which is a significant amount of money for the county. The median mortgage rate in Macon County is 4.27%, which is slightly higher than the national average. However, there is a wide variation in rates across the county, with the lowest median rate being 4% in Forsyth. This means that homeowners in Macon County can expect to pay a higher rate than the national average, but can also shop around for a better rate depending on where they live.
Overall, the total outstanding loan amount in Macon County is a significant portion of the total home value in the county. This indicates that many homeowners are taking advantage of the current low interest rates to purchase or refinance their homes. The variation in rates across the county also means that homeowners can find a rate that works for them, depending on where they live. With the right research and comparison shopping, homeowners in Macon County can find a mortgage rate that fits their budget.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Macon County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | $41,473 | $63,338 | $93,305 | $126,319 | $190,105 |
| Blue Mound | $37,401 | $53,226 | $68,697 | $96,947 | $126,534 |
| Decatur | $26,494 | $46,040 | $70,674 | $108,254 | $156,445 |
| Forsyth | $66,830 | $112,999 | $163,822 | $222,899 | $277,905 |
| Macon | $34,137 | $54,366 | $77,303 | $113,702 | $149,165 |
| Maroa | $41,362 | $59,777 | $89,775 | $127,407 | $184,246 |
| Mt Zion | $56,420 | $77,494 | $108,348 | $155,245 | $228,811 |
| Niantic | $29,052 | $49,419 | $78,590 | $99,629 | $127,720 |
| Oakley | $51,589 | $78,378 | $120,618 | $197,266 | $233,332 |
| Oreana | $53,856 | $67,775 | $91,677 | $137,149 | $192,421 |
| Warrensburg | $32,752 | $55,227 | $79,824 | $114,378 | $144,952 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Macon County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argenta | 2.98% | 3.56% | 4.25% | 5.17% | 6.22% |
| Blue Mound | 2.80% | 3.38% | 4.13% | 5.20% | 6.42% |
| Decatur | 2.90% | 3.50% | 4.25% | 5.29% | 6.29% |
| Forsyth | 2.90% | 3.42% | 4.00% | 4.80% | 6.00% |
| Macon | 2.90% | 3.63% | 4.27% | 5.00% | 6.11% |
| Maroa | 3.00% | 3.62% | 4.25% | 5.25% | 6.27% |
| Mt Zion | 2.90% | 3.50% | 4.14% | 5.10% | 6.22% |
| Niantic | 3.13% | 3.60% | 4.21% | 5.19% | 5.94% |
| Oakley | 2.98% | 3.52% | 4.00% | 4.86% | 6.02% |
| Oreana | 2.90% | 3.56% | 4.23% | 5.13% | 6.31% |
| Warrensburg | 2.88% | 3.33% | 4.24% | 5.01% | 5.99% |
Housing Expenses in Macon County, Illinois
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