Concord, Morgan County, Illinois Property Taxes

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

Median Concord, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Concord, IL home value: $1,620
Median annual Concord, IL tax bill: $39, $2,361 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Concord, Morgan County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.98%

Estimate Property Tax Bill

$1,885

$1,750

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

Local government entities set tax rates, which can vary widely within a state. This is 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. In Concord, located in Morgan County, Illinois, the effective property tax rate is 2.39%. This rate is significantly higher than the national median property tax rate of 1.02%. As a result, residents of Concord face a higher property tax burden compared to the national average. When compared to other cities in Illinois, Concord's property tax rate reflects the state's overall trend of higher property taxes. However, it's important for property owners to be aware of potential opportunities for property tax appeals or exemptions to help manage their tax liabilities. Understanding the local property tax landscape can empower property owners to make informed decisions about their investments.

Property Tax Rates Across Concord, 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 Concord Tax Rate

1.98%

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 Concord, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62631	1.09%	1.68%	1.98%	2.19%	2.40%

Source: Ownwell

Property Tax Assessment Values Across Concord, Morgan County, Illinois

When examining property taxes in Concord, 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 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 Concord. For example, the median home price in Concord is $1,620, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Concord, Morgan County, Illinois

Source: Ownwell

$49,485

$105,413

$161,340

Median Concord Market Value

$95,220

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 Concord, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62631	$22,770	$61,950	$95,220	$143,790	$258,714

Source: Ownwell

Property Tax Bills Across Concord, Morgan County, Illinois

In Concord, located in Morgan County, Illinois, property tax bills are determined by the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. With the national median property tax rate at 1.02%, homeowners in Concord face varying tax bills depending on their property's assessed value. For instance, while the 25th percentile of tax bills is around $33, the 75th percentile reaches $1,066, and those in the 90th percentile can see bills as high as $2,829. These figures highlight the significant impact that property taxes can have on homeowners’ finances. By appealing their property tax assessments, homeowners can potentially lower their tax obligations. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By leveraging their knowledge and experience, Ownwell helps homeowners navigate the complexities of property tax assessments, ensuring they pay only their fair share and potentially saving them a substantial amount on their annual tax bills.

Property Tax Bills Across Concord, Morgan County, Illinois

Source: Ownwell

$775

$2,123

$3,471

Median Concord Tax Bill

$1,627

Median Morgan County Tax Bill

$2,129

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Concord, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62631	$152	$861	$1,627	$2,996	$5,468

Source: Ownwell