Irving, Montgomery County, Illinois Property Taxes
Property Taxes in Irving, Illinois
Median Irving, Illinois effective property tax rate: 2.50%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Irving, Illinois home value: $99,105
Median annual Irving, Illinois tax bill: $2,085, $315 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Irving, 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 Irving's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Irving, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Irving, Montgomery County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.5%
Estimate Property Tax Bill
$2,478
$2,299
How Does the Irving Property Tax Calculator Work?
Use this Irving property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Irving's median effective tax rate of 2.50% — based on actual property records in Montgomery 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 Irving'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 Irving: rates range from 2.50% in 62051 to 2.50% in 62051, 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 Irving.
About Irving Property Taxes
About Property Taxes in Irving, Montgomery, Illinois
Irving’s median effective property tax rate of 2.50% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Montgomery County base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Irving. Homeowners in ZIP code 62051 carry a median effective rate of 2.50%, while the lowest ZIP code also sits at 2.50%. This means the city’s rate is consistent across the area, but the assessed value of your home still plays a major role in what you owe.
Irving homeowners who believe their assessed value is too high can file a formal appeal with the Montgomery County Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Irving, Montgomery 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 Irving'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 Irving Tax Rate
2.50%
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 Montgomery County Tax Rate
2.68%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Irving, Montgomery County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62051 | 1.22% | 1.96% | 2.50% | 2.79% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Irving, Montgomery County, Illinois
When examining property taxes in Irving, 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 Montgomery 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 Montgomery 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 Irving.
For example, the median home price in Irving is $99,105, with tax bills ranging significantly across the county. 62051 has the highest median home price at $99,105.
Property Tax Assessment Values Across Irving, Montgomery County, Illinois
Source: Ownwell
$64,395
$112,488
$160,581
Median Irving Market Value
$99,105
Median Montgomery County Market Value
$101,482
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Irving, Montgomery County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62051 | $29,784 | $56,280 | $99,105 | $158,010 | $203,666 |
Source: Ownwell
Property Tax Bills Across Irving, Montgomery County, Illinois
Property tax bills in Irving, Montgomery, Illinois are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is compared with the market value of the property, and that figure is used to calculate the bill. For a home with a median value of $99,105, the tax amount can vary widely depending on the neighborhood, exemptions, and local levies.
The typical property tax bill in the area is $2,085, which is below the national median property tax bill of $2,400. Bills can range from $1,165 at the 25th percentile to $3,979 at the 75th percentile, with the 90th percentile reaching $5,554. That means homeowners with higher assessed values or fewer exemptions may pay much more, while those with lower assessments may pay less. Property taxes directly affect monthly housing costs and can make ownership more expensive when assessments rise.
Median Irving Tax Bill
$2,085
Median Montgomery County Tax Bill
$2,749
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Irving, Montgomery County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62051 | $550 | $1,165 | $2,085 | $3,979 | $5,554 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | montgomeryil.devnetwedge.com |