Average Tax Assessment in Moultrie County
Real Estate Values and Property Tax Valuation in Moultrie County, Illinois
Moultrie County has a total of 5,410 properties with a cumulative value of $605.3M. This accounts for 0.09% of all real estate value in Illinois. Property taxes in Moultrie County totaled $13.7M, with an average homeowner paying $2,535 in property taxes compared to the state average of $5,405. The average property tax rate in Moultrie County is 2.27%, 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 | |
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Moultrie Recorder of Deeds | (217) 728-4389 |
Moultrie Treasurer | (217) 728-4032 |
Important Dates | |
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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 | |
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Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Moultrie County
Residential Property Taxes by Cities in Moultrie County
Moultrie County has an average property tax rate of 2.27%, which is slightly lower than the state average of 2.3%. This rate is applied to all properties in the county, regardless of location. However, there is some variation in the effective property tax rate across the cities in Moultrie County. The city of Bethany has the highest effective property tax rate at 2.33%, while the city of Arthur has the lowest effective property tax rate at 2.23%. This means that property owners in Bethany will pay slightly more in property taxes than those in Arthur. Overall, Moultrie County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Moultrie 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Moultrie County.
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.
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Real Estate Values in Moultrie County
The data from Redfin shows that home prices in Moultrie County, Illinois have decreased significantly from October 2022 to October 2023, with a decrease of 42.75%. This indicates a downward trend in home prices in the area. Additionally, the home inventory in Moultrie County has decreased slightly from 23 in October 2022 to 22 in October 2023. This suggests that the demand for homes in the area is decreasing, which could be contributing to the decrease in home prices.
Average Home Value in Moultrie County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Moultrie County
Last updated: November 2023
Percent Change in New Home Listings in Moultrie County
Last updated: November 2023
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Mortgage Rates in Moultrie County
Moultrie County has a total outstanding loan amount of $130.5M across home mortgages. This amount is spread across 1.4K outstanding loans, representing a significant portion of the total home value in the county. The median mortgage rate in Moultrie County varies significantly across cities, with the highest rate being 4.37% in Bethany and the lowest rate being 4.09% in Arthur. This variation in rates can have a significant impact on the affordability of mortgages for potential buyers in the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Moultrie County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Moultrie County.
Housing Expenses in Moultrie County, Illinois
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