Cairo, Alexander County, Illinois Property Taxes

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

Median Cairo, IL effective property tax rate: 5.81%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Cairo, IL home value: $9,579. Median annual Cairo, IL tax bill: $457, $1,943 lower than the national median property tax bill of $2,400. How are property taxes in Alexander calculated? Property taxes in Cairo, 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 Cairo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cairo, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cairo, Alexander County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.01%

Estimate Property Tax Bill

$735

$682

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

Property Tax Rates Across Cairo, Alexander County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

Cairo in Alexander County, Illinois, stands out with a notably high effective property tax rate of 5.81%. This rate is significantly above both the Illinois state median and the national median property tax rate of 1.02%. Cairo's property tax rate is not only the highest in Alexander County but also matches the highest rate within the state, indicating a unique financial landscape for property owners.

For residents, understanding the property tax rate is crucial, as it directly impacts the annual tax bill. Comparing Cairo's rate to the national median property tax bill of $2,400 highlights the potential financial burden property owners in Cairo might face. This underscores the importance of exploring property tax appeal and exemption services, which can provide significant relief for homeowners navigating these high rates.

Property Tax Rates Across Cairo, Alexander County, Illinois

Source: Ownwell

2.18%

4.09%

6.01%

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 Cairo Tax Rate

6.01%

Median Effective Alexander County Tax Rate

2.60%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cairo, Alexander County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62914	3.87%	4.64%	6.01%	6.01%	6.01%

Source: Ownwell

Property Tax Assessment Values Across Cairo, Alexander County, Illinois

When examining property taxes in Cairo, 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 Alexander 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.

In Alexander County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cairo. For example, the median home price in Cairo is $9,579, with tax bills ranging significantly across the county. Zip code 62914 has the highest median home price at $9,579.

Property Tax Assessment Values Across Cairo, Alexander County, Illinois

Source: Ownwell

$12,225

$34,401

$56,576

Median Cairo Market Value

$12,225

Median Alexander County Market Value

$42,570

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cairo, Alexander County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62914	$4,462	$5,860	$12,225	$34,655	$145,113

Source: Ownwell

Property Tax Bills Across Cairo, Alexander County, Illinois

In Cairo, located in Alexander County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price here is notably lower than the national average, at $9,579. Despite this, the property tax rate can lead to varying tax bills. For instance, the tax bill at the 25th percentile is $336, while at the 75th percentile, it rises to $961. The highest median tax bill in the area is $457, which is significantly lower than the national median property tax bill of $2,400. These variations can significantly impact homeowners, especially when considering the local economic conditions. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By evaluating your property's assessed value and ensuring it reflects its true market value, Ownwell can help reduce your property tax bill. This can lead to substantial savings, allowing homeowners to allocate their resources more effectively.

Property Tax Bills Across Cairo, Alexander County, Illinois

Source: Ownwell

$522

$1,999

$3,475

Median Cairo Tax Bill

$522

Median Alexander County Tax Bill

$1,043

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Cairo, Alexander County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62914	$242	$335	$522	$1,403	$9,471

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	May 15

Links
Alexander Tax Assessor
Website	alexanderil.devnetwedge.com