Ashland, Morgan County, Illinois Property Taxes
Median Ashland, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ashland, IL home value: $34,110
Median annual Ashland, IL tax bill: $828, $1,572 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Ashland, 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 Ashland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ashland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ashland, Morgan County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.38%
Estimate Property Tax Bill
$3,300
$3,062
Property Tax Rates Across Ashland, Morgan County, Illinois
Local government entities determine tax rates, which can vary significantly within a state. This variation is primarily because each county annually calculates its required budget to provide essential services and then divides that budget by the total value of all taxable property in its jurisdiction. The result of this calculation is the property tax rate. Although the process involves votes and regulations, this is the fundamental annual procedure.
In Ashland, located in Morgan County, Illinois, the effective property tax rate is 2.57%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Ashland's rate is reflective of the state's generally high property tax rates. With the national median property tax bill standing at $2,400, residents in Ashland may experience higher tax bills due to the elevated rate. Understanding these rates is crucial for property owners considering tax appeals or exemptions, as it provides insight into how their tax obligations compare both within the state and nationally.
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 Ashland Tax Rate
2.38%
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 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 Ashland, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62612 | 1.39% | 2.02% | 2.38% | 2.57% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Morgan County, Illinois
When examining property taxes in Ashland, Illinois, understanding the distinction between "market value" and "assessed value" is crucial. The market value represents 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. This 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 May. 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 Ashland. For example, the median home price in Ashland is $34,110, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Ashland, Morgan County, Illinois
Source: Ownwell
$49,485
$105,413
$161,340
Median Ashland Market Value
$138,660
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 Ashland, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62612 | $8,052 | $74,190 | $138,660 | $188,752 | $268,122 |
Source: Ownwell
Property Tax Bills Across Ashland, Morgan County, Illinois
Median Ashland Tax Bill
$2,931
Median Morgan County Tax Bill
$2,129
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Ashland, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62612 | $242 | $1,442 | $2,931 | $4,548 | $6,695 |
Source: Ownwell