Adair, Mcdonough County, Illinois Property Taxes
Median Adair, IL effective property tax rate: 3.41%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Adair, IL home value: $7,251
Median annual Adair, IL tax bill: $247, $2,153 lower than the national median property tax bill of $2,400.
How are property taxes in McDonough calculated?
Property taxes in Adair, IL 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 Adair’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Adair, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Adair, Mcdonough County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.54%
Estimate Property Tax Bill
$1,597
$1,482
Property Tax Rates Across Adair, Mcdonough County, Illinois
Local government entities determine property tax rates, which can significantly differ within a state. Each year, counties estimate the budget needed to fund services and divide this by the total assessed value of taxable property, resulting in the property tax rate. The process involves votes and laws, but this is the essence of how rates are set annually.
In Adair, located in McDonough County, Illinois, property tax rates reflect these calculations. The effective property tax rate in Adair is notably higher than both the state and national medians. Illinois itself has a median property tax rate that stands out as one of the highest in the country, significantly exceeding the national median of 1.02%. Consequently, homeowners in Adair face higher property tax bills compared to many other regions, with the local rate surpassing the national median property tax bill of $2,400.
Comparing Adair’s tax rate to other cities in Illinois and nationwide highlights the variance in property tax burdens. Understanding these differences is crucial for homeowners considering property tax appeals or seeking exemptions to manage their financial obligations effectively.
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 Adair Tax Rate
2.54%
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 Mcdonough County Tax Rate
2.96%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Adair, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61411 | 1.45% | 1.86% | 2.54% | 3.23% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Adair, Mcdonough County, Illinois
When examining property taxes in Adair, 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 McDonough 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 McDonough County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Adair. For example, the median home price in Adair is $7,251, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Adair, Mcdonough County, Illinois
Source: Ownwell
$37,314
$69,338
$101,361
Median Adair Market Value
$62,868
Median Mcdonough County Market Value
$74,048
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Adair, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61411 | $26,525 | $42,276 | $62,868 | $83,524 | $107,107 |
Source: Ownwell
Property Tax Bills Across Adair, Mcdonough County, Illinois
In Adair, located in McDonough County, IL, property tax bills are calculated based on the assessed value of a property. This assessed value is a percentage of the property's market value, which is determined by local assessors. The tax rate is then applied to this assessed value to calculate the tax bill. In Adair, the median property tax bill is significantly lower than the national median, with most homeowners paying around $247 annually. This relatively low tax bill can be attributed to the area's modest property values, as the median home price is only $7,251.
For homeowners in Adair, understanding how their property tax bill is determined is crucial, as it directly impacts their financial planning. Ownwell specializes in helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging their expertise, Ownwell can assist homeowners in potentially lowering their assessed values, ensuring they pay only what is fair. This service can lead to significant savings, providing homeowners with financial relief and peace of mind.
Median Adair Tax Bill
$1,348
Median Mcdonough County Tax Bill
$2,037
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Adair, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61411 | $540 | $824 | $1,348 | $2,110 | $2,932 |
Source: Ownwell