Alhambra, Madison County, Illinois Property Taxes
Property Taxes in Alhambra, Illinois
Median Alhambra, Illinois effective property tax rate: 2.12%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Alhambra, Illinois home value: $200,841
Median annual Alhambra, Illinois tax bill: $4,231, higher than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Alhambra, 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 Alhambra's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alhambra, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Alhambra, Madison County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.12%
Estimate Property Tax Bill
$4,258
$3,951
How Does the Alhambra Property Tax Calculator Work?
Use this Alhambra property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Alhambra's median effective tax rate of 2.12% — based on actual property records in Madison 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 Alhambra'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 Alhambra: rates range from 2.12% in 62001 to 2.12% in 62001, 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 Alhambra.
About Alhambra Property Taxes
About Property Taxes in Alhambra, Madison, Illinois
Alhambra’s median effective property tax rate of 2.12% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Madison 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 Alhambra. Homeowners in the 62001 ZIP code carry a median effective rate of 2.12%, while those in the same ZIP code pay 2.12%. This reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding where you live in Alhambra can make a meaningful difference to your annual tax bill.
Alhambra 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 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 Alhambra, Madison 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 Alhambra'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 Alhambra Tax Rate
2.12%
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 Madison County Tax Rate
2.11%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alhambra, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62001 | 1.68% | 1.97% | 2.12% | 2.42% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Alhambra, Madison County, Illinois
When examining property taxes in Alhambra, 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 Madison 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 Madison 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 Alhambra is $200,841, with tax bills ranging significantly across the county. Zip code 62001 has the highest median home price at $200,841.
Property Tax Assessment Values Across Alhambra, Madison County, Illinois
Source: Ownwell
$25,755
$170,746
$315,736
Median Alhambra Market Value
$200,841
Median Madison County Market Value
$152,490
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alhambra, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62001 | $78,304 | $126,090 | $200,841 | $278,550 | $369,942 |
Source: Ownwell
Property Tax Bills Across Alhambra, Madison County, Illinois
Alhambra property tax bills are based on the assessed value of a home, not its market value alone, and the final amount depends on the local tax rate applied in Madison County. When a home’s assessed value rises, the tax bill can increase, which makes the assessment a key factor for homeowners to watch.
For a home with a median price of $200,841, property taxes can vary widely across the city. The 25th percentile tax bill is $2,577, while the 75th percentile reaches $5,934. At the high end, the 90th percentile tax bill is $8,198. The median tax bill in the highest and lowest ZIP code listed is $4,231 in 62001.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Alhambra homeowners often face higher costs, which can significantly affect monthly budgets and long-term housing affordability.
Median Alhambra Tax Bill
$4,231
Median Madison County Tax Bill
$3,074
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Alhambra, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62001 | $1,473 | $2,577 | $4,231 | $5,934 | $8,198 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | madisonil.devnetwedge.com |