Bardolph, Mcdonough County, Illinois Property Taxes
Median Bardolph, IL effective property tax rate: 2.98%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bardolph, IL home value: $26,223
Median annual Bardolph, IL tax bill: $802, $1,598 lower than the national median property tax bill of $2,400.
How are property taxes in McDonough calculated?
Property taxes in Bardolph, 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 Bardolph’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bardolph, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bardolph, Mcdonough County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.24%
Estimate Property Tax Bill
$836
$776
Property Tax Rates Across Bardolph, Mcdonough County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variance occurs because each county annually estimates its budget needs to deliver services, then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Bardolph, located in McDonough County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. Illinois as a state has a median property tax rate of 2.98%, which is significantly above the national average. This means that property owners in Bardolph are likely paying more in property taxes compared to many other areas in the United States. Comparing this to other cities in Illinois, Bardolph's property tax rate aligns with the state's trend of higher-than-average rates. Understanding these rates can help property owners make informed decisions about property investments and potential tax appeal opportunities.
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 Bardolph Tax Rate
2.24%
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 Bardolph, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61416 | 0.94% | 1.45% | 2.24% | 3.17% | 3.17% |
Source: Ownwell
Property Tax Assessment Values Across Bardolph, Mcdonough County, Illinois
When examining property taxes in Bardolph, IL, 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 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.
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 Bardolph.
For example, the median home price in Bardolph is $26,223, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Bardolph, Mcdonough County, Illinois
Source: Ownwell
$37,314
$69,338
$101,361
Median Bardolph Market Value
$37,314
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 Bardolph, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61416 | $12,304 | $20,870 | $37,314 | $55,746 | $74,906 |
Source: Ownwell
Property Tax Bills Across Bardolph, Mcdonough County, Illinois
Median Bardolph Tax Bill
$602
Median Mcdonough County Tax Bill
$2,037
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Bardolph, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61416 | $244 | $381 | $602 | $1,097 | $1,815 |
Source: Ownwell