Cottage Hills, Madison County, Illinois Property Taxes
Property Taxes in Cottage Hills, Illinois
Median Cottage Hills, Illinois effective property tax rate: 1.83%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Cottage Hills, Illinois home value: $71,700
Median annual Cottage Hills, Illinois tax bill: $1,193, $1,207 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Cottage Hills, 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 Cottage Hills's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cottage Hills, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cottage Hills, Madison County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$1,312
$1,218
How Does the Cottage Hills Property Tax Calculator Work?
Use this Cottage Hills property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cottage Hills' median effective tax rate of 1.83% — based on actual property records in Madison County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cottage Hills' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Cottage Hills' median effective tax rate is higher than the Illinois median tax rate of 2.33%, while the median property tax bill is $1,193, which is $1,207 lower than the state median tax bill.
Your bill may vary by ZIP code within Cottage Hills: rates range from 1.83% in 62018 to 1.83% in 62018, 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 Cottage Hills.
About Cottage Hills Property Taxes
About Property Taxes in Cottage Hills, Madison, Illinois
Cottage Hills’ median effective property tax rate of 1.83% 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 Cottage Hills. Homeowners in the 62018 ZIP code carry a median effective rate of 1.83%, while those in the same ZIP code pay 1.83%. This spread reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Cottage Hills you live in can make a meaningful difference to your annual tax bill.
Cottage Hills homeowners who believe their assessed value is too high can file a formal appeal with the Madison County 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 Cottage Hills, 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 Cottage Hills'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 Cottage Hills Tax Rate
1.83%
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 Cottage Hills, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62018 | 0.98% | 1.47% | 1.83% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Cottage Hills, Madison County, Illinois
When examining property taxes in Cottage Hills, 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 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 Cottage Hills.
For example, the median home price in Cottage Hills is $71,700, with tax bills ranging significantly across the county. 62018 has the highest median home price at $71,700.
Property Tax Assessment Values Across Cottage Hills, Madison County, Illinois
Source: Ownwell
$25,755
$170,746
$315,736
Median Cottage Hills Market Value
$71,700
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 Cottage Hills, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62018 | $33,588 | $50,280 | $71,700 | $100,845 | $125,568 |
Source: Ownwell
Property Tax Bills Across Cottage Hills, Madison County, Illinois
Property tax bills in Cottage Hills are calculated from the assessed value of a home and the tax rates set by local taxing authorities. The bill is based on the market value of the property, with exemptions and local levies affecting the final amount homeowners owe.
For a home with a median price of $71,700, the property tax bill can vary widely depending on where the property is located within Madison County and which taxing districts apply. In Cottage Hills, the median tax bill is $1,193 in ZIP code 62018, while many homeowners pay between $770 and $1,780. Higher-value homes or properties in areas with higher tax rates can see bills rise to $2,414 or more.
These taxes help fund local services, but they also add to the annual cost of owning a home. Because the bill depends on both assessed value and local rates, homeowners may face changes even if their home value stays the same.
Median Cottage Hills Tax Bill
$1,193
Median Madison County Tax Bill
$3,074
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Cottage Hills, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62018 | $376 | $770 | $1,193 | $1,780 | $2,414 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | madisonil.devnetwedge.com |