New Berlin, Morgan County, Illinois Property Taxes

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

Median NEW BERLIN, IL effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median NEW BERLIN, IL home value: $161,340
Median annual NEW BERLIN, IL tax bill: $3,471, $1,071 higher than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

New Berlin, Morgan County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$3,437

$3,189

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

Local government entities set tax rates, which can vary widely within a state. 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 New Berlin’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

New Berlin, located in Morgan County, has a property tax rate that stands out when compared to the national average. With a median property tax rate of 2.13%, it is significantly higher than the national median of 1.02%. This rate is also higher than the average property tax rate across Illinois. Morgan County, where New Berlin is situated, features a property tax rate that is higher than many other counties within the state. Homeowners in New Berlin may find their property tax bills to be considerably higher than the national median property tax bill of $2,400. Understanding these rates is essential for homeowners looking to manage their property tax expenses effectively.

Property Tax Rates Across New Berlin, 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 New Berlin Tax Rate

2.13%

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 New Berlin, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62670	1.84%	2.00%	2.13%	2.26%	2.48%

Source: Ownwell

Property Tax Assessment Values Across New Berlin, Morgan County, Illinois

When examining property taxes in New Berlin, 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 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 New Berlin. For example, the median home price in New Berlin is $161,340, with tax bills ranging significantly across the county. 62670 has the highest median home price at $161,340.

Property Tax Assessment Values Across New Berlin, Morgan County, Illinois

Source: Ownwell

$49,485

$105,413

$161,340

Median New Berlin Market Value

$161,340

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 New Berlin, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62670	$63,273	$133,298	$161,340	$213,968	$265,275

Source: Ownwell

Property Tax Bills Across New Berlin, Morgan County, Illinois

In New Berlin, 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 annual tax bill. Homeowners in New Berlin face a median property tax bill of $3,471, which is notably higher than the national median of $2,400. Factors such as the property's location within Morgan County and the services provided by local government, like schools and infrastructure, also influence the tax bill. These taxes can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing expert property tax appeal services, helping homeowners potentially lower their tax bills. By analyzing local market trends and comparable property assessments, Ownwell identifies opportunities for reducing assessed values, ensuring homeowners only pay their fair share. This service not only alleviates financial pressure but also maximizes savings for property owners.

Property Tax Bills Across New Berlin, Morgan County, Illinois

Source: Ownwell

$775

$2,123

$3,471

Median New Berlin Tax Bill

$3,471

Median Morgan County Tax Bill

$2,129

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across New Berlin, Morgan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62670	$1,385	$2,618	$3,471	$4,864	$5,793

Source: Ownwell