Miller City, Alexander County, Illinois Property Taxes
Median Miller City, IL effective property tax rate: 3.59%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Miller City, IL home value: $40,935
Median annual Miller City, IL tax bill: $1,304, $1,096 lower than the national median property tax bill of $2,400.
How are property taxes in Alexander calculated?
Property taxes in Miller City, 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 Miller City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Miller City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Miller City, Alexander County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.45%
Estimate Property Tax Bill
$3,083
$2,861
Property Tax Rates Across Miller City, Alexander County, Illinois
Local government entities determine tax rates, which can differ significantly within a state. Annually, each county estimates its budget to provide essential services and divides it by the total value of all taxable properties within its jurisdiction. This calculation yields the property tax rate. While setting these rates involves votes and laws, this is the core annual process.
In Miller City, located in Alexander County, property owners experience an effective property tax rate of 3.59%. This rate is significantly higher than both the Illinois median property tax rate and the national median property tax rate of 1.02%. Consequently, residents in Miller City face higher property tax bills compared to the national median of $2,400. The discrepancy in tax rates is a reflection of the unique budgetary needs and property values in different regions. Understanding these variations can help property owners make informed decisions about appealing their property taxes or seeking exemptions.
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 Miller City Tax Rate
5.45%
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 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 Miller City, Alexander County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62962 | 1.86% | 3.44% | 5.45% | 7.53% | 8.36% |
Source: Ownwell
Property Tax Assessment Values Across Miller City, Alexander County, Illinois
When examining property taxes in Miller City, 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 Miller City.
For example, the median home price in Miller City is $40,935, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Miller City, Alexander County, Illinois
Source: Ownwell
$12,225
$34,401
$56,576
Median Miller City Market Value
$56,576
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 Miller City, Alexander County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62962 | $28,298 | $41,206 | $56,576 | $80,815 | $188,574 |
Source: Ownwell
Property Tax Bills Across Miller City, Alexander County, Illinois
In Miller City, located in Alexander County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The property tax rate in this region is applied to the assessed value to calculate the tax bill. With a median home price of $40,935, homeowners in Miller City often receive tax bills that vary significantly. For instance, while the 25th percentile tax bill is $759, the 75th percentile reaches $1,991, and the 90th percentile is $2,404, slightly above the national median property tax bill of $2,400. These variations highlight the impact of different property values and tax rates on homeowners.
Homeowners can reduce their property tax bills by ensuring their property is not over-assessed. Ownwell provides expert property tax appeal services, helping homeowners navigate the complexities of property tax assessments. By analyzing property data and presenting compelling appeals, Ownwell can potentially lower your property tax bill, ensuring you only pay what's fair. This service not only saves money but also offers peace of mind.
Median Miller City Tax Bill
$3,475
Median Alexander County Tax Bill
$1,043
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Miller City, Alexander County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62962 | $425 | $1,170 | $3,475 | $4,316 | $13,776 |
Source: Ownwell