Alma, Marion County, Illinois Property Taxes
Property Taxes in Alma, Illinois
Median Alma, Illinois effective property tax rate: 1.95%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Alma, Illinois home value: $128,055
Median annual Alma, Illinois tax bill: $2,119, lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Alma, 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 Alma's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alma, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Alma, Marion County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.95%
Estimate Property Tax Bill
$2,497
$2,317
How Does the Alma Property Tax Calculator Work?
Use this Alma property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Alma's median effective tax rate of 1.95% — based on actual property records in Marion 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 Alma'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 Alma: rates range from 2.19% in 62807 to 2.19% in 62807, primarily due to differences in school district levies and local assessment districts. Alma's median tax rate is higher than the national median property tax rate of 1.02% and higher than Marion County's median rate.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Alma.
About Alma Property Taxes
About Property Taxes in Alma, Marion, Illinois
Alma’s median effective property tax rate of 1.95% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Marion County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Alma. Homeowners in the 62807 ZIP code carry a median effective rate of 1.95%, while those in the same ZIP also pay 1.95%. This spread reflects how school district boundaries and local assessment districts are drawn across Marion County. Understanding which part of Alma you live in can make a meaningful difference to your annual tax bill.
Alma 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 Alma, Marion 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 Alma'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 Alma Tax Rate
1.95%
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 Marion County Tax Rate
1.85%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alma, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62807 | 0.50% | 1.43% | 1.95% | 2.12% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Alma, Marion County, Illinois
When examining property taxes in Alma, 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 Marion County assessment office 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 Marion County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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 Alma is $128,055, with a median tax bill of $2,119. Zip code 62807 has the highest median home price at $128,055.
Property Tax Assessment Values Across Alma, Marion County, Illinois
Source: Ownwell
$30,780
$94,908
$159,036
Median Alma Market Value
$128,055
Median Marion County Market Value
$68,010
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alma, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62807 | $19,950 | $49,473 | $128,055 | $200,982 | $269,916 |
Source: Ownwell
Property Tax Bills Across Alma, Marion County, Illinois
Property tax bills in Alma are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property is reassessed, the bill can change if the market value shifts or if local rates are adjusted. For homeowners, this means a home with a median home price of $128,055 may face very different tax bills depending on location and assessment details.
In Alma, the 25th percentile tax bill is $793, while the 75th percentile is $3,808 and the 90th percentile is $5,418. The highest median tax bill is $2,119 in ZIP code 62807, which is also the lowest median tax bill in the city. These figures show how property taxes can vary even within the same area. Since tax bills are tied to assessed value and local levies, homeowners should understand how their bill is calculated and how it may affect monthly housing costs and long-term affordability.
Median Alma Tax Bill
$2,119
Median Marion County Tax Bill
$1,146
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Alma, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62807 | $185 | $793 | $2,119 | $3,808 | $5,418 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Marion Tax Assessor | |
| Website | marionil.devnetwedge.com |