Blandinsville, Mcdonough County, Illinois Property Taxes
Median Blandinsville, IL effective property tax rate: 3.07%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Blandinsville, IL home value: $30,710
Median annual Blandinsville, IL tax bill: $943, $1,457 lower than the national median property tax bill of $2,400.
How are property taxes in McDonough calculated?
Property taxes in Blandinsville, 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 Blandinsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blandinsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Blandinsville, Mcdonough County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.29%
Estimate Property Tax Bill
$1,324
$1,228
Property Tax Rates Across Blandinsville, Mcdonough County, Illinois
Local government entities determine tax rates, which can differ significantly across a state. This variation is due to each county annually estimating its budget needs to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this process is essentially what occurs each year.
Blandinsville, located in McDonough County, Illinois, serves as an interesting case study. The city's effective property tax rate stands out when compared to other cities in Illinois, as well as the state's median and the national median property tax rates. With Illinois having a notably higher median property tax rate than the national average, property owners in Blandinsville might find their tax obligations to be more significant. This emphasizes the importance of being informed about local tax rates and considering potential savings through property tax appeals and exemptions. Understanding these differences can help property owners make informed decisions and potentially reduce their property tax burden.
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 Blandinsville Tax Rate
2.29%
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 Blandinsville, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61420 | 0.93% | 1.58% | 2.29% | 3.05% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Blandinsville, Mcdonough County, Illinois
When examining property taxes in Blandinsville, 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 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.
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 Blandinsville.
For example, the median home price in Blandinsville is $30,710, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Blandinsville, Mcdonough County, Illinois
Source: Ownwell
$37,314
$69,338
$101,361
Median Blandinsville Market Value
$57,801
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 Blandinsville, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61420 | $18,110 | $35,197 | $57,801 | $90,943 | $121,109 |
Source: Ownwell
Property Tax Bills Across Blandinsville, Mcdonough County, Illinois
Median Blandinsville Tax Bill
$1,210
Median Mcdonough County Tax Bill
$2,037
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Blandinsville, Mcdonough County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61420 | $237 | $587 | $1,210 | $2,123 | $2,973 |
Source: Ownwell