Maquon, Knox County, Illinois Property Taxes
Property Taxes in Maquon, Illinois
Median Maquon, Illinois effective property tax rate: 2.77%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Maquon, Illinois home value: $162,720
Median annual Maquon, Illinois tax bill: $4,472, higher than the national median property tax bill of $2,400.
How are property taxes in Knox County calculated?
Property taxes in Maquon, 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 Maquon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Maquon, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Maquon, Knox County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.77%
Estimate Property Tax Bill
$4,507
$4,183
How Does the Maquon Property Tax Calculator Work?
Use this Maquon property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Maquon's median effective tax rate of 2.77% — based on actual property records in Knox County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Maquon'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 Maquon: rates are 4472 in 61458, 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 Maquon.
About Maquon Property Taxes
About Property Taxes in Maquon, Knox, Illinois
Maquon’s median effective property tax rate of 2.77% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Knox County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Maquon. Homeowners in the 61458 ZIP code carry a median effective rate of 2.77%, while those in the same ZIP code pay 2.77%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Knox County. Understanding which part of Maquon you live in can make a meaningful difference to your annual tax bill.
Maquon homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Maquon, Knox 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 Maquon’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 Ă· 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 Maquon Tax Rate
2.77%
Our median effective property tax rate (tax bill Ă· 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 Knox County Tax Rate
2.82%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Maquon, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61458 | 2.05% | 2.52% | 2.77% | 2.94% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across Maquon, Knox County, Illinois
When examining property taxes in Maquon, 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 Knox 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 Knox 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 Maquon is $162,720, with a median property tax bill of $4,472. The highest median home price is in 61458 at $162,720.
Property Tax Assessment Values Across Maquon, Knox County, Illinois
Source: Ownwell
$40,530
$174,788
$309,045
Median Maquon Market Value
$162,720
Median Knox County Market Value
$93,540
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Maquon, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61458 | $31,728 | $93,990 | $162,720 | $263,190 | $364,140 |
Source: Ownwell
Property Tax Bills Across Maquon, Knox County, Illinois
Maquon property tax bills are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value to determine the amount owed each year, so changes in assessment can directly affect a homeowner’s bill.
For Maquon, the median home price is $162,720, and the median property tax bill is $4,472. That is well above the national median property tax bill of $2,400 and higher than the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $2,137, the 75th percentile at $7,130, and the 90th percentile at $10,037.
Factors such as home value, local tax rates, and taxing district budgets all play a role in the final bill. For homeowners, this means property taxes can be a major annual expense and may rise when assessments increase or local rates change.
Median Maquon Tax Bill
$4,472
Median Knox County Tax Bill
$2,355
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Maquon, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61458 | $749 | $2,137 | $4,472 | $7,130 | $10,037 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Knox Tax Assessor | |
| Website | knoxil.devnetwedge.com |