Matherville, Mercer County, Illinois Property Taxes
Property Taxes in Matherville, Illinois
Median Matherville, Illinois effective property tax rate: 2.69%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Matherville, Illinois home value: $114,052
Median annual Matherville, Illinois tax bill: $2,566, $166 higher than the national median property tax bill of $2,400.
How are property taxes in Mercer calculated?
Property taxes in Matherville, 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 Matherville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Matherville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Matherville, Mercer County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.69%
Estimate Property Tax Bill
$3,068
$2,847
How Does the Matherville Property Tax Calculator Work?
Use this Matherville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Matherville's median effective tax rate of 2.69% — based on actual property records in Mercer 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 Matherville'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 Matherville: rates range from 2.69% in 61263 to 2.69% in 61263, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Matherville.
About Matherville Property Taxes
About Property Taxes in Matherville, Mercer, Illinois
Matherville’s median effective property tax rate of 2.69% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects Mercer County levies and local taxing districts that shape how property taxes are assessed across the city.
Property tax rates are not uniform across Matherville. Homeowners in ZIP code 61263 carry a median effective rate of 2.69%, and the same ZIP code also has the city’s median tax bill of $2,566. That puts Matherville above the national median property tax bill of $2,400 and $166 higher than the Illinois median tax bill.
If your assessed value seems too high, you can file a protest with the Mercer County Tax Assessor before the November 7, 2025 deadline. Homeowners who think their assessment is inaccurate can challenge it each year.
If your estimated bill 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 Matherville, Mercer 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 Matherville'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 Matherville Tax Rate
2.69%
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 Mercer County Tax Rate
2.81%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Matherville, Mercer County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61263 | 2.30% | 2.39% | 2.69% | 2.76% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Matherville, Mercer County, Illinois
When examining property taxes in MATHERVILLE, 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 Mercer 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 Mercer County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 MATHERVILLE.
For example, the median home price in MATHERVILLE is $114,052, with tax bills ranging significantly across the county. 61263 has the highest median home price at $114,052.
Property Tax Assessment Values Across Matherville, Mercer County, Illinois
Source: Ownwell
$103,635
$155,352
$207,068
Median Matherville Market Value
$114,052
Median Mercer County Market Value
$150,030
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Matherville, Mercer County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61263 | $38,913 | $58,561 | $114,052 | $213,310 | $246,236 |
Source: Ownwell
Property Tax Bills Across Matherville, Mercer County, Illinois
Property tax bills in Matherville are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is influenced by factors such as the home’s size, location, condition, and any improvements that may affect its worth. For homeowners, this means that a higher assessed value can lead to a larger tax bill, while a lower assessment can reduce what is owed.
The typical home value in Matherville is $114,052, and the median property tax bill is $2,566, which is above the national median property tax bill of $2,400. Tax bills can vary widely, with the 25th percentile at $1,490 and the 75th percentile at $5,281. That range shows how property taxes can affect homeowners differently, depending on how their property is assessed and the tax rate applied.
Median Matherville Tax Bill
$2,566
Median Mercer County Tax Bill
$4,254
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Matherville, Mercer County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61263 | $1,075 | $1,490 | $2,566 | $5,281 | $6,547 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 7 |
Links | |
|---|---|
| Mercer Tax Assessor | |
| Website | merceril.devnetwedge.com |