Modesto, Morgan County, Illinois Property Taxes

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

Median Modesto, IL effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Modesto, IL home value: $115,995
Median annual Modesto, IL tax bill: $2,254, $146 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan calculated?

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

Last Updated March 1, 2025

Modesto, 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

$2,297

$2,131

Ownwell’s Modesto Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Modesto with just two data points.

By entering your property's estimated assessed value, our calculator applies Modesto’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 Modesto, Morgan County, Illinois

Local government entities determine tax rates, and these can vary significantly within Illinois. Each year, counties estimate their budgetary needs for public services and divide this by the total assessed value of all taxable properties within their boundaries, resulting in the property tax rate. While votes and legislative measures play a role in setting these rates and budgets, this is essentially the process followed annually.

In Modesto, located in Morgan County, the effective property tax rate stands out when compared to other cities in Illinois and the national median. The median property tax rate in Illinois is 1.98%, which is significantly higher than the national median property tax rate of 1.02%. This places a heavier burden on property owners in Illinois compared to many other states.

Morgan County, where Modesto is situated, has a tax rate that is higher than some other counties in the state. Understanding these variations can be crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Modesto, 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 Modesto 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 Modesto, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62667	1.26%	1.86%	1.98%	2.31%	2.32%

Source: Ownwell

Property Tax Assessment Values Across Modesto, Morgan County, Illinois

When examining property taxes in Modesto, IL, 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. Assessment notices: 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 Modesto. For example, the median home price in Modesto is $115,995, with tax bills ranging significantly across the county. 62667 has the highest median home price at $115,995.

Property Tax Assessment Values Across Modesto, Morgan County, Illinois

Source: Ownwell

$49,485

$105,413

$161,340

Median Modesto Market Value

$115,995

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 Modesto, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62667	$53,865	$82,620	$115,995	$155,978	$168,858

Source: Ownwell

Property Tax Bills Across Modesto, Morgan County, Illinois

In Modesto, located in Morgan County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value. With a median home price of $115,995, homeowners in Modesto see a range of property tax bills. The 25th percentile tax bill is $1,756, while the 75th percentile reaches $2,581, and the 90th percentile climbs to $3,068. This variation highlights the impact of property assessments and tax rates on individual bills. Compared to the national median property tax bill of $2,400, Modesto's figures illustrate the significant burden property taxes can impose on homeowners. However, Ownwell offers a solution by providing expert property tax appeal services. By analyzing your property's assessed value and ensuring it reflects the true market value, Ownwell can potentially lower your tax bill, offering substantial savings and financial relief for homeowners in Modesto.

Property Tax Bills Across Modesto, Morgan County, Illinois

Source: Ownwell

$775

$2,123

$3,471

Median Modesto Tax Bill

$2,254

Median Morgan County Tax Bill

$2,129

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Modesto, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62667	$1,353	$1,756	$2,254	$2,581	$3,068

Source: Ownwell