Altamont, Fayette County, Illinois Property Taxes
Property Taxes in Altamont, Illinois
Median Altamont, Illinois effective property tax rate: 1.66%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Altamont, Illinois home value: $105,774
Median annual Altamont, Illinois tax bill: $1,576, lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Altamont, Illinois 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 April 13, 2026
Altamont, Fayette County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.66%
Estimate Property Tax Bill
$1,756
$1,629
How Does the Altamont Property Tax Calculator Work?
Use this Altamont property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Altamont's median effective tax rate of 1.66% — based on actual property records in Fayette County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Altamont's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Altamont: rates range from 1.66% in 62411 to 1.66% in 62411, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Altamont.
About Altamont Property Taxes
About Property Taxes in Altamont, Fayette, Illinois
Altamont’s median effective property tax rate of 1.66% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Fayette County levy and local taxing districts that shape what homeowners pay on a market value basis.
Property taxes are not uniform across Altamont, but the data here shows the same median effective rate of 1.66% in ZIP code 62411. That means the annual tax burden is driven more by the local assessment structure than by ZIP-level variation within the city.
Altamont homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Altamont, Fayette County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare Altamont's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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
1.66%
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 Fayette County Tax Rate
1.85%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Altamont, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62411 | 1.20% | 1.52% | 1.66% | 1.83% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Altamont, Fayette County, Illinois
When examining property taxes in Altamont, Illinois, 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 Fayette 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 Fayette County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Altamont is $105,774, with tax bills ranging significantly across the county. Zip code 62411 has the highest median home price at $105,774.
Property Tax Assessment Values Across Altamont, Fayette County, Illinois
Source: Ownwell
$33,690
$74,354
$115,018
Median Altamont Market Value
$105,774
Median Fayette County Market Value
$91,032
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Altamont, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62411 | $43,710 | $64,007 | $105,774 | $166,195 | $260,759 |
Source: Ownwell
Property Tax Bills Across Altamont, Fayette County, Illinois
Altamont property tax bills are calculated using the home’s assessed value and the local tax rate set by taxing authorities in Fayette County. The assessed value is based on the market value of the property, and the final bill reflects how that value is taxed after exemptions and local levies are applied. When assessed values rise, tax bills can increase, even if the homeowner has not made any changes to the property.
For Altamont homeowners, the median home price is $105,774, and the median property tax bill is $1,576, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills can vary widely, with the 25th percentile at $1,180 and the 75th percentile at $2,524. At the 90th percentile, bills reach $3,328, showing how much location, assessment, and local rates can affect what homeowners pay each year.
Median Altamont Tax Bill
$1,576
Median Fayette County Tax Bill
$1,441
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Altamont, Fayette County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62411 | $714 | $1,180 | $1,576 | $2,524 | $3,328 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Fayette Tax Assessor | |
| Website | il1193.cichosting.com |