Arenzville, Morgan County, Illinois Property Taxes

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

Median Arenzville, IL effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Arenzville, IL home value: $32,040
Median annual Arenzville, IL tax bill: $553, $1,847 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Arenzville, Morgan County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.14%

Estimate Property Tax Bill

$2,386

$2,214

Ownwell’s Arenzville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arenzville with just two data points. By entering your property's estimated assessed value, our calculator applies Arenzville’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 Morgan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Arenzville, Morgan County, Illinois

Local government entities set tax rates, which can vary widely within Illinois. 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 Arenzville’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. In Arenzville, located in Morgan County, the property tax rate is notably higher than the national median. Illinois as a whole has one of the highest property tax rates in the country, with the median rate significantly exceeding the national median of 1.02%. This means that homeowners in Arenzville often face higher property tax bills compared to many other parts of the U.S. Understanding these rates can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Arenzville, Morgan County, Illinois

Source: Ownwell

1.51%

2.01%

2.51%

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 Arenzville Tax Rate

2.14%

Median Effective Morgan County Tax Rate

2.08%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Arenzville, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62611	1.20%	1.75%	2.14%	2.30%	2.70%

Source: Ownwell

Property Tax Assessment Values Across Arenzville, Morgan County, Illinois

When examining property taxes in Arenzville, 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 Morgan 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 Morgan 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 Arenzville. For example, the median home price in Arenzville is $32,040, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Arenzville, Morgan County, Illinois

Source: Ownwell

$49,485

$105,413

$161,340

Median Arenzville Market Value

$111,480

Median Morgan County Market Value

$107,895

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Arenzville, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62611	$39,240	$89,640	$111,480	$202,980	$236,508

Source: Ownwell

Property Tax Bills Across Arenzville, Morgan County, Illinois

In Arenzville, located within Morgan County, IL, property tax bills are determined by the assessed value of a home in conjunction with the local tax rate. Homeowners in Arenzville face a median property tax bill that is notably lower than the national median tax bill of $2,400, with bills ranging from the 25th percentile at $310 to the 90th percentile at $709. This is reflective of the median home price in the area, which stands at $32,040. The property tax rate in this region, when compared to the national median rate of 1.02%, indicates a relatively affordable tax burden for homeowners. However, even with these lower rates, ensuring that one's home is accurately assessed is crucial to avoid overpaying. Ownwell can assist homeowners in Arenzville by providing expert property tax appeal services, potentially lowering their tax bills. Through a thorough review of property assessments and identifying discrepancies, Ownwell helps homeowners secure the most accurate and fair tax obligations, ultimately leading to significant savings.

Property Tax Bills Across Arenzville, Morgan County, Illinois

Source: Ownwell

$775

$2,123

$3,471

Median Arenzville Tax Bill

$2,060

Median Morgan County Tax Bill

$2,129

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Arenzville, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62611	$629	$1,241	$2,060	$3,826	$5,170

Source: Ownwell