Plymouth, Mcdonough County, Illinois Property Taxes

Name: Property Tax Bills Across Plymouth, Mcdonough County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Plymouth, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Plymouth, IL home value: $74,151
Median annual Plymouth, IL tax bill: $1,796, $604 lower than the national median property tax bill of $2,400.

How are property taxes in McDonough calculated?

Property taxes in Plymouth, 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 Plymouth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Plymouth, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Plymouth, Mcdonough County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.33%

Estimate Property Tax Bill

$2,362

$2,192

Ownwell’s Plymouth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Plymouth with just two data points.

By entering your property's estimated assessed value, our calculator applies Plymouth’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in McDonough County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Plymouth, Mcdonough County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within Illinois. This variation is primarily because each county, such as McDonough, annually estimates its necessary budget to provide essential services and then divides that amount by the total value of all taxable property in the area. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the annual process unfolds. In Plymouth, located in McDonough County, the effective property tax rate is notably higher than the national median of 1.02%. When comparing Plymouth’s rate to other cities in Illinois, it’s clear that it stands above the state median as well. This makes Plymouth a distinct case within the state. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Plymouth, Mcdonough County, Illinois

Source: Ownwell

1.70%

2.45%

3.19%

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 Plymouth Tax Rate

2.33%

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 Plymouth, Mcdonough County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62367	1.47%	2.01%	2.33%	2.64%	3.14%

Source: Ownwell

Property Tax Assessment Values Across Plymouth, Mcdonough County, Illinois

When examining property taxes in Plymouth, 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 Assessor's 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 March. 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 Plymouth.

For example, the median home price in Plymouth is $74,151, with tax bills ranging significantly across the county. The tax bill for the 25th percentile is $1,648, while the 75th percentile reaches $4,159, and the 90th percentile peaks at $5,577, illustrating the variability of property tax bills.

Property Tax Assessment Values Across Plymouth, Mcdonough County, Illinois

Source: Ownwell

$37,314

$69,338

$101,361

Median Plymouth Market Value

$101,361

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 Plymouth, Mcdonough County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62367	$35,068	$62,980	$101,361	$134,977	$158,626

Source: Ownwell

Property Tax Bills Across Plymouth, Mcdonough County, Illinois

In Plymouth, located in McDonough County, IL, property tax bills are determined by a combination of the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, and the local tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Plymouth face a median property tax bill that is significantly above the national median of $2400, with the 25th percentile at $1648, the 75th percentile reaching $4159, and the 90th percentile at $5577. These figures highlight the potential financial burden on homeowners, particularly those with properties assessed at higher values. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, ensuring they do not overpay. Ownwell's services can result in substantial savings, making property ownership more affordable and less stressful for residents of Plymouth.

Property Tax Bills Across Plymouth, Mcdonough County, Illinois

Source: Ownwell

$602

$1,660

$2,717

Median Plymouth Tax Bill

$2,088

Median Mcdonough County Tax Bill

$2,037

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Plymouth, Mcdonough County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62367	$695	$1,430	$2,088	$3,184	$4,158

Source: Ownwell