Bluffs, Morgan County, Illinois Property Taxes

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

Median Bluffs, IL effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Bluffs, IL home value: $67,830
Median annual Bluffs, IL tax bill: $1,031, $1,369 lower than the Illinois state median and significantly lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Bluffs, Morgan County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.72%

Estimate Property Tax Bill

$1,167

$1,083

Ownwell’s Bluffs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bluffs with just two data points. By entering your property's estimated assessed value, our calculator applies Bluffs’ 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 Bluffs, Morgan County, Illinois

Local government entities determine tax rates, leading to significant variations within a state. Annually, each county estimates its necessary budget to provide services and divides that by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although the process involves votes and laws, this is essentially how it works each year.

In Bluffs, located in Morgan County, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This places a considerable tax burden on property owners compared to other regions in Illinois and across the United States. The median property tax rate in Illinois is 1.72%, which is significantly higher than the national median. This means property owners in Bluffs are likely contributing more to local services than many other areas nationwide. Understanding these differences can help property owners in Bluffs make informed decisions about their property taxes and explore potential savings through appeals or exemptions.

Property Tax Rates Across Bluffs, 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 Bluffs Tax Rate

1.72%

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 Bluffs, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62621	1.37%	1.43%	1.72%	2.41%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Bluffs, Morgan County, Illinois

When examining property taxes in Bluffs, 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 April. 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 Bluffs. For example, the median home price in Bluffs is $67,830, with tax bills ranging significantly across the county. Zip code 62621 has the highest median home price at $67,830.

Property Tax Assessment Values Across Bluffs, Morgan County, Illinois

Source: Ownwell

$49,485

$105,413

$161,340

Median Bluffs Market Value

$67,830

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 Bluffs, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62621	$26,478	$42,142	$67,830	$138,922	$186,510

Source: Ownwell

Property Tax Bills Across Bluffs, Morgan County, Illinois

In Bluffs, located in Morgan County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Bluffs face a median property tax bill of $1,031, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as low as $638 and others as high as $3,571, depending on the assessed value and applicable exemptions.

These taxes can pose a financial burden, especially when they exceed the national median property tax rate of 1.02%. This is where Ownwell steps in to assist homeowners. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners reduce their tax bills. Through a comprehensive review of property assessments, Ownwell ensures that homeowners are not overpaying and are benefiting from all eligible exemptions, ultimately leading to significant savings on property taxes.

Property Tax Bills Across Bluffs, Morgan County, Illinois

Source: Ownwell

$775

$2,123

$3,471

Median Bluffs Tax Bill

$1,031

Median Morgan County Tax Bill

$2,129

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Bluffs, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62621	$618	$638	$1,031	$3,085	$3,571

Source: Ownwell