Oreana, Macon County, Illinois Property Taxes
Property Taxes in Oreana, Illinois
Median Oreana, Illinois effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Oreana, Illinois home value: $139,688
Median annual Oreana, Illinois tax bill: $2,888, higher than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in Oreana, 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 Oreana's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oreana, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Oreana, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.09%
Estimate Property Tax Bill
$2,919
$2,709
How Does the Oreana Property Tax Calculator Work?
Use this Oreana property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oreana's median effective tax rate of 2.09% — based on actual property records in Macon County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oreana'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 Oreana: rates range from 2.09% in 62554 to 2.09% in 62554, 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 Oreana.
About Oreana Property Taxes
About Property Taxes in Oreana, Macon, Illinois
Oreana’s median effective property tax rate of 2.09% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Macon 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 Oreana. Homeowners in the 62554 ZIP code carry a median effective rate of 2.09%, while those in the same ZIP code pay 2.09%. This reflects how school district boundaries and local assessment districts are drawn across Macon County.
Oreana homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
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 Oreana, Macon 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 Oreana'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 Oreana Tax Rate
2.09%
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 Macon County Tax Rate
2.49%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oreana, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62554 | 1.41% | 1.89% | 2.09% | 2.21% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Oreana, Macon County, Illinois
When examining property taxes in Oreana, 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 Macon 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 Macon County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of {month when notices are sent}.
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 Oreana.
For example, the median home price in Oreana is $139,688, with tax bills ranging significantly across the county. 62554 has the highest median home price at $139,688.
Property Tax Assessment Values Across Oreana, Macon County, Illinois
Source: Ownwell
$77,131
$189,499
$301,866
Median Oreana Market Value
$139,688
Median Macon County Market Value
$102,602
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oreana, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62554 | $89,756 | $109,241 | $139,688 | $216,954 | $279,852 |
Source: Ownwell
Property Tax Bills Across Oreana, Macon County, Illinois
Property tax bills in Oreana are based on the assessed value of a home and the local tax rate set by taxing authorities in Macon County. When a property is reassessed, the bill is calculated by applying that rate to the assessed value, so changes in market value can affect what a homeowner owes. For a home with a median value of $139,688, the property tax bill is typically influenced by how local assessments compare with other homes in the area and how much revenue local services need to raise.
Homeowners in Oreana face a median property tax bill of $2,888, which is above the national median property tax bill of $2,400 and reflects a local burden that can be meaningful for household budgets. Bills can vary widely, with the 25th percentile at $2,065 and the 75th percentile at $4,520, showing that property characteristics and assessment differences matter. For homeowners, a higher assessed value can mean a higher tax bill, making it important to understand how local property taxes are determined.
Median Oreana Tax Bill
$2,888
Median Macon County Tax Bill
$2,391
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Oreana, Macon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62554 | $1,248 | $2,065 | $2,888 | $4,520 | $6,162 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Macon Tax Assessor | |
| Website | www.propertytax.maconcounty.illinois.gov |