Average Tax Assessment in Macoupin County
Real Estate Values and Property Tax Valuation in Macoupin County, Illinois
Macoupin County has a total of 17,181 properties with a cumulative value of $1.9B. This represents 0.27% of all real estate value in Illinois. Property taxes in Macoupin County totaled $29.1M, with the average homeowner paying $1,754 in property taxes, which is significantly lower than the state average of $5,405. The average property tax rate in Macoupin County is 1.56%, while the state average is 2.47%. Property taxes are 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 | |
|---|---|
| Macoupin Recorder of Deeds | (217) 854-3214 |
| Macoupin Treasurer | (217) 854-4014 |
| 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 Macoupin County
Residential Property Taxes by Cities in Macoupin County
Macoupin County has an average property tax rate of 1.56%, which is slightly lower than the state average of 1.77%. This rate applies to all properties in the county, regardless of location. However, there is some variation in effective property tax rates across the cities in Macoupin County. The city with the highest effective property tax rate is Girard, at 1.93%, while the city with the lowest effective property tax rate is Benld, at 1.22%. This means that property owners in Girard will pay a higher effective property tax rate than those in Benld. Overall, Macoupin County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for property owners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Macoupin 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 |
|---|---|---|---|---|---|
| Benld | $24,086 | $44,637 | $67,875 | $93,372 | $129,465 |
| Brighton | $58,347 | $94,966 | $141,444 | $197,198 | $243,875 |
| Bunker Hill | $49,837 | $84,482 | $120,168 | $162,562 | $216,812 |
| Carlinville | $36,226 | $66,351 | $106,035 | $168,963 | $230,931 |
| Gillespie | $26,141 | $53,794 | $83,332 | $115,035 | $169,286 |
| Girard | $28,424 | $62,325 | $101,139 | $152,211 | $214,374 |
| Mount Olive | $22,990 | $51,567 | $83,439 | $120,018 | $161,203 |
| Palmyra | $18,780 | $39,021 | $79,278 | $115,356 | $162,126 |
| Shipman | $23,688 | $57,180 | $96,186 | $137,296 | $182,145 |
| Staunton | $39,557 | $71,904 | $110,526 | $166,615 | $225,707 |
| Virden | $30,097 | $54,381 | $84,932 | $120,026 | $159,128 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Macoupin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benld | $229 | $497 | $816 | $1,231 | $1,799 |
| Brighton | $764 | $1,438 | $2,302 | $3,381 | $4,513 |
| Bunker Hill | $588 | $1,186 | $1,921 | $2,754 | $3,818 |
| Carlinville | $488 | $1,038 | $1,727 | $2,894 | $4,293 |
| Gillespie | $304 | $639 | $1,085 | $1,697 | $2,724 |
| Girard | $449 | $982 | $1,882 | $3,073 | $4,612 |
| Mount Olive | $294 | $632 | $1,225 | $1,996 | $2,913 |
| Palmyra | $220 | $431 | $939 | $1,606 | $2,569 |
| Shipman | $254 | $649 | $1,357 | $2,150 | $3,049 |
| Staunton | $515 | $905 | $1,494 | $2,440 | $3,551 |
| Virden | $427 | $837 | $1,478 | $2,258 | $3,163 |
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 |
|---|---|---|---|---|---|
| Benld | 0.95% | 1.11% | 1.20% | 1.32% | 1.39% |
| Brighton | 1.31% | 1.51% | 1.63% | 1.71% | 1.85% |
| Bunker Hill | 1.18% | 1.40% | 1.60% | 1.69% | 1.76% |
| Carlinville | 1.35% | 1.56% | 1.63% | 1.71% | 1.86% |
| Gillespie | 1.16% | 1.19% | 1.30% | 1.48% | 1.61% |
| Girard | 1.58% | 1.58% | 1.86% | 2.02% | 2.15% |
| Mount Olive | 1.28% | 1.23% | 1.47% | 1.66% | 1.81% |
| Palmyra | 1.17% | 1.10% | 1.18% | 1.39% | 1.58% |
| Shipman | 1.07% | 1.14% | 1.41% | 1.57% | 1.67% |
| Staunton | 1.30% | 1.26% | 1.35% | 1.46% | 1.57% |
| Virden | 1.42% | 1.54% | 1.74% | 1.88% | 1.99% |
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Real Estate Values in Macoupin County
The median home price in Macoupin County, Illinois has increased by 4.49% from October 2022 to October 2023, from $183.8K to $192.0K. This is a positive trend for the housing market in Macoupin County, as it indicates that home prices are increasing. Additionally, the home inventory in Macoupin County has also increased from 106 in October 2022 to 112 in October 2023, which suggests that there is an increased demand for housing in the area.
Average Home Value in Macoupin County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Macoupin County
Last updated: November 2023
Percent Change in New Home Listings in Macoupin County
Last updated: November 2023
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Mortgage Rates in Macoupin County
Mortgages in Macoupin County are a significant part of the local economy, with a total outstanding loan amount of $348.3M. This represents 3.4K outstanding loans, which is a significant portion of the total home value in the county. The median mortgage rate in Macoupin County varies across cities, with the highest rate in Benld at 4%, and the lowest rate in Brighton at 3.75%. This variation in rates allows homeowners to find the best deal for their particular situation, and helps to ensure that the local economy remains healthy. Overall, mortgages in Macoupin County are an important part of the local economy, and the variation in rates across cities helps to ensure that homeowners can find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Macoupin County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benld | $22,485 | $34,719 | $52,271 | $77,644 | $143,943 |
| Brighton | $50,916 | $74,225 | $103,452 | $150,250 | $196,417 |
| Bunker Hill | $48,406 | $65,556 | $100,610 | $145,333 | $207,501 |
| Carlinville | $34,605 | $54,705 | $83,147 | $130,261 | $179,611 |
| Gillespie | $28,453 | $48,364 | $73,593 | $105,598 | $144,765 |
| Girard | $31,738 | $51,066 | $76,378 | $119,608 | $182,369 |
| Mount Olive | $24,198 | $41,264 | $64,085 | $96,349 | $140,357 |
| Palmyra | $17,768 | $35,717 | $53,987 | $84,012 | $146,329 |
| Shipman | $26,752 | $47,818 | $70,642 | $122,320 | $149,633 |
| Staunton | $37,890 | $60,416 | $90,837 | $130,022 | $190,050 |
| Virden | $33,827 | $53,972 | $72,483 | $103,845 | $146,023 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Macoupin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benld | 2.99% | 3.51% | 4.00% | 4.75% | 5.45% |
| Brighton | 2.87% | 3.25% | 3.75% | 4.37% | 4.87% |
| Bunker Hill | 2.82% | 3.25% | 3.87% | 4.40% | 4.99% |
| Carlinville | 2.80% | 3.25% | 3.85% | 4.49% | 5.00% |
| Gillespie | 2.80% | 3.30% | 3.87% | 4.50% | 5.25% |
| Girard | 2.80% | 3.25% | 3.87% | 4.50% | 5.00% |
| Mount Olive | 2.79% | 3.25% | 3.87% | 4.50% | 5.25% |
| Palmyra | 2.75% | 3.37% | 3.81% | 4.28% | 4.82% |
| Shipman | 2.81% | 3.25% | 3.87% | 4.25% | 4.88% |
| Staunton | 2.80% | 3.25% | 3.75% | 4.37% | 5.00% |
| Virden | 2.90% | 3.37% | 3.88% | 4.50% | 5.23% |
Housing Expenses in Macoupin County, Illinois
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