Average Tax Assessment in Madison County
Real Estate Values and Property Tax Valuation in Madison County, Illinois
Madison County has a total of 98,453 properties with a cumulative value of $14.6B. This accounts for 2.09% of all real estate value in Illinois. Property taxes in Madison County amount to $317.1M, with an average homeowner paying $3,221 in property taxes compared to the state average of $5,405. The average property tax rate in Madison County is 2.17%, 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 | |
|---|---|
| Madison Register of Deeds | (828) 649-3131 |
| Madison Clerk | (936) 348-2638 |
| Madison Appraisal District | (936) 348-2783 |
| TexasFile Clerk Records | - |
| 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 Madison County
Residential Property Taxes by Cities in Madison County
Madison County has an average property tax rate of 2.17%, which is slightly lower than the national average of 2.31%. Property taxes in Madison County are collected by the county government and are used to fund public services such as schools, roads, and public safety. The average Madison County property tax bill is $3,221, which is slightly higher than the national average of $3,195.
Property tax rates in Madison County vary across cities, with Venice having the highest effective property tax rate of 3.09%, and Livingston having the lowest effective property tax rate of 1.49%. This means that property owners in Venice pay more in taxes than those in Livingston. Despite the differences in rates, Madison County's overall property tax rate is still lower than the national average.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Madison 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 |
|---|---|---|---|---|---|
| Alhambra | $65,208 | $101,300 | $160,230 | $226,614 | $298,362 |
| Alton | $33,480 | $49,860 | $74,160 | $109,830 | $177,852 |
| Bethalto | $65,940 | $93,525 | $129,510 | $194,085 | $263,673 |
| Collinsville | $73,008 | $97,980 | $134,010 | $180,690 | $243,864 |
| Cottage Hills | $26,958 | $40,020 | $56,820 | $80,130 | $99,732 |
| Dorsey | $81,792 | $120,232 | $172,005 | $235,642 | $300,838 |
| East Alton | $38,079 | $57,315 | $86,640 | $119,430 | $155,142 |
| Edwardsville | $97,034 | $137,700 | $213,645 | $312,090 | $425,943 |
| Glen Carbon | $105,864 | $163,260 | $220,680 | $297,090 | $386,472 |
| Godfrey | $76,470 | $96,330 | $138,690 | $197,820 | $261,492 |
| Granite City | $31,260 | $50,220 | $74,040 | $105,960 | $142,590 |
| Hamel | $99,672 | $125,640 | $205,560 | $242,820 | $272,196 |
| Hartford | $27,915 | $35,528 | $48,345 | $65,662 | $92,400 |
| Highland | $86,730 | $118,485 | $169,530 | $231,915 | $307,092 |
| Livingston | $22,092 | $40,455 | $58,215 | $93,120 | $139,242 |
| Madison | $11,343 | $18,285 | $26,445 | $36,518 | $49,587 |
| Marine | $69,837 | $107,572 | $164,985 | $249,580 | $339,171 |
| Maryville | $119,802 | $169,418 | $225,615 | $278,850 | $326,424 |
| Moro | $69,810 | $98,828 | $145,440 | $228,082 | $312,195 |
| New Douglas | $31,344 | $62,355 | $117,060 | $175,030 | $252,492 |
| Roxana | $47,232 | $59,475 | $72,810 | $89,100 | $113,298 |
| Saint Jacob | $88,362 | $149,190 | $218,250 | $308,055 | $369,486 |
| South Roxana | $20,775 | $37,792 | $53,295 | $69,855 | $91,026 |
| Staunton | $25,860 | $51,960 | $106,547 | $218,078 | $294,130 |
| Troy | $111,498 | $152,992 | $208,935 | $270,308 | $342,315 |
| Venice | $7,026 | $12,825 | $18,615 | $25,035 | $34,518 |
| Wood River | $50,058 | $64,650 | $81,360 | $105,510 | $142,236 |
| Worden | $55,350 | $98,715 | $178,230 | $250,942 | $317,794 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Madison County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alhambra | $1,065 | $2,072 | $3,400 | $4,898 | $6,691 |
| Alton | $562 | $1,094 | $1,745 | $2,618 | $4,165 |
| Bethalto | $1,123 | $1,824 | $2,795 | $4,464 | $6,330 |
| Collinsville | $1,069 | $1,768 | $2,540 | $3,626 | $5,055 |
| Cottage Hills | $239 | $581 | $999 | $1,505 | $2,095 |
| Dorsey | $1,320 | $2,060 | $3,371 | $4,822 | $6,383 |
| East Alton | $772 | $1,316 | $1,912 | $2,667 | $3,481 |
| Edwardsville | $1,795 | $2,790 | $4,521 | $6,986 | $9,640 |
| Glen Carbon | $1,717 | $3,323 | $4,871 | $6,806 | $8,978 |
| Godfrey | $1,374 | $1,863 | $2,844 | $4,291 | $5,872 |
| Granite City | $479 | $1,015 | $1,727 | $2,652 | $3,799 |
| Hamel | $1,733 | $2,505 | $4,228 | $5,349 | $6,232 |
| Hartford | $227 | $538 | $967 | $1,468 | $2,079 |
| Highland | $1,522 | $2,453 | $3,623 | $5,052 | $6,594 |
| Livingston | $211 | $472 | $838 | $1,442 | $2,242 |
| Madison | $0 | $345 | $708 | $1,209 | $1,681 |
| Marine | $1,181 | $2,273 | $3,709 | $5,591 | $7,574 |
| Maryville | $2,040 | $3,332 | $4,704 | $6,051 | $7,209 |
| Moro | $1,072 | $1,767 | $2,789 | $4,814 | $7,127 |
| New Douglas | $387 | $1,046 | $2,032 | $3,535 | $5,041 |
| Roxana | $578 | $899 | $1,214 | $1,592 | $2,135 |
| Saint Jacob | $1,381 | $2,897 | $4,991 | $6,798 | $8,236 |
| South Roxana | $334 | $611 | $1,065 | $1,532 | $2,086 |
| Staunton | $285 | $683 | $1,704 | $3,693 | $5,078 |
| Troy | $1,769 | $3,126 | $4,527 | $6,127 | $7,759 |
| Venice | $0 | $273 | $560 | $928 | $1,182 |
| Wood River | $808 | $1,332 | $1,848 | $2,474 | $3,303 |
| Worden | $967 | $1,845 | $3,466 | $5,514 | $7,018 |
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 |
|---|---|---|---|---|---|
| Alhambra | 1.63% | 2.05% | 2.12% | 2.16% | 2.24% |
| Alton | 1.68% | 2.19% | 2.35% | 2.38% | 2.34% |
| Bethalto | 1.70% | 1.95% | 2.16% | 2.30% | 2.40% |
| Collinsville | 1.46% | 1.80% | 1.90% | 2.01% | 2.07% |
| Cottage Hills | 0.89% | 1.45% | 1.76% | 1.88% | 2.10% |
| Dorsey | 1.61% | 1.71% | 1.96% | 2.05% | 2.12% |
| East Alton | 2.03% | 2.30% | 2.21% | 2.23% | 2.24% |
| Edwardsville | 1.85% | 2.03% | 2.12% | 2.24% | 2.26% |
| Glen Carbon | 1.62% | 2.04% | 2.21% | 2.29% | 2.32% |
| Godfrey | 1.80% | 1.93% | 2.05% | 2.17% | 2.25% |
| Granite City | 1.53% | 2.02% | 2.33% | 2.50% | 2.66% |
| Hamel | 1.74% | 1.99% | 2.06% | 2.20% | 2.29% |
| Hartford | 0.81% | 1.51% | 2.00% | 2.24% | 2.25% |
| Highland | 1.75% | 2.07% | 2.14% | 2.18% | 2.15% |
| Livingston | 0.96% | 1.17% | 1.44% | 1.55% | 1.61% |
| Madison | 0.00% | 1.89% | 2.68% | 3.31% | 3.39% |
| Marine | 1.69% | 2.11% | 2.25% | 2.24% | 2.23% |
| Maryville | 1.70% | 1.97% | 2.08% | 2.17% | 2.21% |
| Moro | 1.54% | 1.79% | 1.92% | 2.11% | 2.28% |
| New Douglas | 1.23% | 1.68% | 1.74% | 2.02% | 2.00% |
| Roxana | 1.22% | 1.51% | 1.67% | 1.79% | 1.88% |
| Saint Jacob | 1.56% | 1.94% | 2.29% | 2.21% | 2.23% |
| South Roxana | 1.61% | 1.62% | 2.00% | 2.19% | 2.29% |
| Staunton | 1.10% | 1.31% | 1.60% | 1.69% | 1.73% |
| Troy | 1.59% | 2.04% | 2.17% | 2.27% | 2.27% |
| Venice | 0.00% | 2.13% | 3.01% | 3.71% | 3.42% |
| Wood River | 1.61% | 2.06% | 2.27% | 2.34% | 2.32% |
| Worden | 1.75% | 1.87% | 1.94% | 2.20% | 2.21% |
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Real Estate Values in Madison County
The median home price in Madison County, Illinois has increased by 5.41% from October 2022 to October 2023, from $175.5K to $185.0K. This is indicative of a strong housing market in the area. However, the home inventory in Madison County has decreased from 730 in October 2022 to 606 in October 2023, indicating that there is a shortage of homes available for sale. This could be driving up prices as buyers compete for the limited number of homes on the market.
Average Home Value in Madison County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Madison County
Last updated: November 2023
Percent Change in New Home Listings in Madison County
Last updated: November 2023
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Mortgage Rates in Madison County
Mortgages in Madison County are a major source of financing for homeowners. According to recent statistics, there is a total of $4.5 billion in outstanding loan amounts across home mortgages in Madison County. This represents an estimated 36.8 thousand outstanding loans in the county.
The median mortgage rate in Madison County varies across cities, with the highest rate being 6.31% in Venice and the lowest rate being 4% in Hamel. This variation in rates can have a significant impact on the total amount of money that homeowners must pay back on their mortgages. On average, the total outstanding loan amount across home mortgages in Madison County is approximately 6.5% of the total home value. This indicates that homeowners in Madison County are taking on a significant amount of debt in order to finance their homes.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Madison County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alhambra | $52,091 | $75,111 | $116,996 | $181,306 | $228,652 |
| Alton | $27,605 | $44,701 | $67,958 | $105,470 | $156,466 |
| Bethalto | $46,901 | $71,746 | $104,152 | $145,959 | $202,822 |
| Collinsville | $43,871 | $65,369 | $97,118 | $140,024 | $191,716 |
| Cottage Hills | $24,190 | $38,763 | $54,743 | $74,017 | $100,050 |
| Dorsey | $55,643 | $84,344 | $123,517 | $191,033 | $257,513 |
| East Alton | $32,299 | $48,593 | $72,118 | $102,735 | $142,272 |
| Edwardsville | $61,878 | $96,826 | $143,960 | $220,832 | $313,912 |
| Glen Carbon | $75,035 | $109,261 | $158,008 | $220,658 | $292,561 |
| Godfrey | $47,549 | $67,285 | $100,657 | $142,771 | $197,705 |
| Granite City | $32,612 | $47,624 | $67,347 | $97,852 | $136,287 |
| Hamel | $61,992 | $87,928 | $118,232 | $191,099 | $230,921 |
| Hartford | $22,681 | $34,294 | $49,107 | $67,684 | $109,013 |
| Highland | $57,303 | $83,532 | $118,751 | $165,589 | $228,704 |
| Livingston | $21,110 | $39,038 | $59,711 | $89,845 | $126,407 |
| Madison | $15,993 | $23,782 | $32,666 | $46,984 | $63,541 |
| Marine | $46,519 | $71,354 | $106,797 | $164,765 | $236,966 |
| Maryville | $74,248 | $106,318 | $141,699 | $196,961 | $249,668 |
| Moro | $47,429 | $68,228 | $108,438 | $157,099 | $242,724 |
| New Douglas | $28,662 | $51,104 | $82,993 | $119,034 | $185,846 |
| Roxana | $29,836 | $46,045 | $59,878 | $78,287 | $102,279 |
| Saint Jacob | $68,518 | $104,416 | $159,575 | $222,294 | $300,907 |
| South Roxana | $28,053 | $37,868 | $54,267 | $75,682 | $98,554 |
| Staunton | $32,332 | $53,363 | $100,349 | $171,139 | $261,543 |
| Troy | $72,752 | $102,452 | $143,741 | $203,427 | $265,931 |
| Venice | $11,644 | $18,657 | $27,492 | $32,567 | $34,332 |
| Wood River | $35,011 | $50,163 | $68,336 | $94,403 | $138,119 |
| Worden | $44,057 | $72,329 | $125,618 | $186,359 | $260,543 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Madison County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alhambra | 2.88% | 3.63% | 4.25% | 5.29% | 6.10% |
| Alton | 3.00% | 3.62% | 4.45% | 5.70% | 6.38% |
| Bethalto | 2.95% | 3.50% | 4.25% | 5.31% | 6.26% |
| Collinsville | 3.00% | 3.60% | 4.38% | 5.63% | 6.34% |
| Cottage Hills | 3.01% | 3.69% | 4.62% | 5.91% | 6.65% |
| Dorsey | 3.01% | 3.56% | 4.25% | 5.10% | 6.04% |
| East Alton | 3.00% | 3.56% | 4.25% | 5.50% | 6.32% |
| Edwardsville | 2.93% | 3.53% | 4.25% | 5.35% | 6.25% |
| Glen Carbon | 3.00% | 3.55% | 4.25% | 5.25% | 6.20% |
| Godfrey | 2.94% | 3.54% | 4.25% | 5.50% | 6.26% |
| Granite City | 3.13% | 3.70% | 4.50% | 5.75% | 6.38% |
| Hamel | 3.00% | 3.46% | 4.00% | 5.12% | 5.95% |
| Hartford | 3.25% | 3.75% | 4.63% | 5.88% | 6.43% |
| Highland | 2.92% | 3.50% | 4.25% | 5.50% | 6.30% |
| Livingston | 2.80% | 3.50% | 4.40% | 5.75% | 6.45% |
| Madison | 3.55% | 4.12% | 5.19% | 6.09% | 7.50% |
| Marine | 2.95% | 3.52% | 4.40% | 5.65% | 6.47% |
| Maryville | 3.00% | 3.60% | 4.38% | 5.62% | 6.26% |
| Moro | 2.90% | 3.50% | 4.47% | 5.51% | 6.25% |
| New Douglas | 3.50% | 3.92% | 4.80% | 5.82% | 6.39% |
| Roxana | 3.11% | 3.75% | 4.50% | 5.72% | 6.36% |
| Saint Jacob | 2.99% | 3.46% | 4.23% | 5.25% | 6.20% |
| South Roxana | 3.25% | 3.75% | 4.53% | 5.74% | 6.50% |
| Staunton | 3.26% | 3.94% | 4.90% | 6.05% | 6.48% |
| Troy | 3.00% | 3.55% | 4.25% | 5.50% | 6.22% |
| Venice | 3.88% | 5.74% | 6.31% | 7.35% | 9.10% |
| Wood River | 3.00% | 3.63% | 4.40% | 5.55% | 6.37% |
| Worden | 3.13% | 3.62% | 4.37% | 5.34% | 6.33% |
Housing Expenses in Madison County, Illinois
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