East Alton, Madison County, Illinois Property Taxes
Property Taxes in East Alton, Illinois
Median East Alton, Illinois effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median East Alton, Illinois home value: $108,750
Median annual East Alton, Illinois tax bill: $2,246, $154 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in East Alton, 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 East Alton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in East Alton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
East Alton, Madison County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.01%
Estimate Property Tax Bill
$2,186
$2,028
How Does the East Alton Property Tax Calculator Work?
Use this East Alton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies East Alton's median effective tax rate of 2.01% — based on actual property records in Madison 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 East Alton'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 East Alton: rates range from 2.01% in 62024 to 2.01% in 62024, 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 East Alton.
About East Alton Property Taxes
About Property Taxes in East Alton, Madison, Illinois
East Alton's median effective property tax rate of 2.01% 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 levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across East Alton. Homeowners in the 62024 ZIP code carry a median effective rate of 2.01%, while the same ZIP also reflects the city's lowest median rate of 2.01%. This means the tax burden is concentrated rather than spread across different parts of the city, and your location can still affect how your assessed value translates into your annual bill.
East Alton 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 East Alton, 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 East Alton'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 East Alton Tax Rate
2.01%
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 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 East Alton, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62024 | 1.29% | 1.70% | 2.01% | 2.94% | 3.40% |
Source: Ownwell
Property Tax Assessment Values Across East Alton, Madison County, Illinois
When examining property taxes in East Alton, 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 are sent in the spring each year and 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 East Alton is $108,750, with a median tax bill of $2,246. The highest median home price is in 62024 at $108,750.
Property Tax Assessment Values Across East Alton, Madison County, Illinois
Source: Ownwell
$25,755
$170,746
$315,736
Median East Alton Market Value
$108,750
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 East Alton, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62024 | $46,878 | $72,030 | $108,750 | $149,640 | $188,550 |
Source: Ownwell
Property Tax Bills Across East Alton, Madison County, Illinois
Property tax bills in East Alton are based on the assessed value of a home and the local tax rate set by taxing authorities in Madison County. When a home’s market value changes, the assessed value can change too, which affects the final bill. Local budgets for schools, public safety, roads, and other services also influence how much homeowners owe.
With a median home price of $108,750, East Alton homeowners face a tax burden shaped by both property value and local levies. The median property tax bill in the area is $2,246, which is below the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $1,583 and the 75th percentile at $3,081.
For homeowners, this means two similar homes can still have different tax bills if their assessed values or exemptions differ. A higher assessed value usually leads to a higher bill, while a lower assessment can reduce what a homeowner pays.
Median East Alton Tax Bill
$2,246
Median Madison County Tax Bill
$3,074
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across East Alton, Madison County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62024 | $954 | $1,583 | $2,246 | $3,081 | $3,990 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | madisonil.devnetwedge.com |