Altamont, Effingham County, Illinois Property Taxes

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

Median ALTAMONT, IL effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median ALTAMONT, IL home value: $153,630
Median annual ALTAMONT, IL tax bill: $2,076, $324 lower than the national median property tax bill of $2,400.

How are property taxes in Effingham calculated?

Property taxes in ALTAMONT, 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 ALTAMONT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ALTAMONT, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Altamont, Effingham County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.87%

Estimate Property Tax Bill

$3,182

$2,953

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

Property Tax Rates Across Altamont, Effingham 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, in a nutshell, this is the annual process.

In Effingham County, Altamont's effective property tax rate is a reflection of this process. The median property tax rate in Illinois stands at 1.50%, which is notably higher than the national median of 1.02%. This can lead to higher property tax bills for homeowners in Altamont compared to the national average. For instance, while the national median property tax bill is $2400, residents in Altamont might find their bills exceeding this amount due to the higher state median rate. This comparison highlights the importance of understanding local tax dynamics and how they can impact property owners.

Property Tax Rates Across Altamont, Effingham County, Illinois

Source: Ownwell

1.68%

1.86%

2.04%

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 Altamont Tax Rate

1.87%

Median Effective Effingham County Tax Rate

1.88%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Altamont, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62411	1.17%	1.64%	1.87%	2.05%	2.15%

Source: Ownwell

Property Tax Assessment Values Across Altamont, Effingham County, Illinois

When examining property taxes in Altamont, 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 Effingham 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.

Assessment notices:

In Effingham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the year. 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 Altamont.

For example, the median home price in Altamont is $153,630, with tax bills ranging significantly across the county. Zip code 62411 has the highest median home price at $153,630.

Property Tax Assessment Values Across Altamont, Effingham County, Illinois

Source: Ownwell

$92,895

$159,503

$226,110

Median Altamont Market Value

$170,160

Median Effingham County Market Value

$171,690

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Altamont, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62411	$70,710	$113,220	$170,160	$240,720	$317,130

Source: Ownwell

Property Tax Bills Across Altamont, Effingham County, Illinois

In Altamont, located in Effingham County, IL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to determine the tax bill. Factors influencing the tax bill include the property's assessed value, applicable exemptions, and the local tax rate. Homeowners in Altamont face a median property tax bill of $2,076, which is below the national median property tax bill of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,028 and the 90th percentile reaching $4,714. These variations can impact homeowners' financial planning and budgeting. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay a fair amount, offering peace of mind and potential savings in an often complex property tax system.

Property Tax Bills Across Altamont, Effingham County, Illinois

Source: Ownwell

$1,529

$2,612

$3,694

Median Altamont Tax Bill

$2,958

Median Effingham County Tax Bill

$3,031

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Altamont, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62411	$1,034	$1,841	$2,958	$4,408	$6,044

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 1

Links
Effingham Tax Assessor
Website	effinghamil.devnetwedge.com