Godfrey, Calhoun County, Illinois Property Taxes

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

Median Godfrey, IL effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Godfrey, IL home value: $72,538
Median annual Godfrey, IL tax bill: $1,838, $562 lower than the national median property tax bill of $2,400.

How are property taxes in Calhoun calculated?

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

Last Updated March 1, 2025

Godfrey, Calhoun County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$1,835

$1,703

Ownwell’s Godfrey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Godfrey with just two data points. By entering your property's estimated assessed value, our calculator applies Godfrey’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 Calhoun County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Godfrey, Calhoun County, Illinois

Local government entities in Illinois set property tax rates, leading to significant variations across the state. Annually, each county, including Calhoun, estimates its budget to maintain essential services, dividing this by the total value of all taxable property within its boundaries. This calculation determines the property tax rate for the area. While votes and legislation play roles in finalizing these rates and budgets, this is essentially the annual procedure.

In Godfrey, located in Madison County, the effective property tax rate is 2.53%, notably higher than the national median property tax rate of 1.02%. This means that property owners in Godfrey might face higher tax bills compared to other parts of the country. Illinois, known for its higher property tax rates, often sees its rates exceed the national median. If you're a property owner in Godfrey, understanding these rates can help you make informed decisions about property investments and financial planning. Comparing rates across different regions can also provide insights into potential savings through property tax appeals and exemptions.

Property Tax Rates Across Godfrey, Calhoun County, Illinois

Source: Ownwell

2.17%

2.35%

2.54%

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 Godfrey Tax Rate

2.53%

Median Effective Calhoun County Tax Rate

2.36%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Godfrey, Calhoun County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62035	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Godfrey, Calhoun County, Illinois

When examining property taxes in Godfrey, 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 Calhoun 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 Calhoun 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 Godfrey. For example, the median home price in Godfrey is $72,538, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Godfrey, Calhoun County, Illinois

Source: Ownwell

$53,367

$75,173

$96,978

Median Godfrey Market Value

$72,538

Median Calhoun County Market Value

$86,121

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Godfrey, Calhoun County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62035	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Godfrey, Calhoun County, Illinois

In Godfrey, IL, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value, which is a percentage of the property's market value. For homeowners in Godfrey, the property tax bill can vary significantly. The median home price in the area is $72,538, and the 25th percentile tax bill stands at $1,571, while the 75th percentile tax bill reaches $2,104. The 90th percentile tax bill is $2,264, which is still below the national median of $2,400. These figures show that property taxes can be a substantial financial burden for homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by helping homeowners appeal their assessed values, potentially lowering their tax bills. Our expertise in property tax exemptions and appeals can lead to significant savings, ensuring homeowners pay only their fair share. By leveraging our services, homeowners in Godfrey can effectively manage their property tax expenses.

Property Tax Bills Across Godfrey, Calhoun County, Illinois

Source: Ownwell

$1,115

$1,553

$1,990

Median Godfrey Tax Bill

$1,838

Median Calhoun County Tax Bill

$1,736

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Godfrey, Calhoun County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62035	N/A	N/A	N/A	N/A	N/A

Source: Ownwell