Bethany, Macon County, Illinois Property Taxes
Median Bethany, IL effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bethany, IL home value: $224,757
Median annual Bethany, IL tax bill: $5,170, $2,770 higher than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in Bethany, 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 Bethany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bethany, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bethany, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.3%
Estimate Property Tax Bill
$5,169
$4,797
Property Tax Rates Across Bethany, Macon County, Illinois
Local government entities set tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and then divides that budget 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, this is the annual process.
Bethany in Macon County, IL, has an effective property tax rate of 2.30%. This is notably higher than the national median property tax rate of 1.02%. The higher rate in Bethany reflects the local government's budgetary requirements and the total value of taxable property in the area.
Comparing Bethany’s property tax rate to other cities in Illinois and the national average provides valuable insight into regional tax burdens. It highlights the importance of understanding local property tax dynamics, especially for property owners considering tax appeal or exemption services. By being informed, property owners in Bethany can make strategic decisions about their investments and financial planning.
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 Bethany Tax Rate
2.30%
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 Macon County Tax Rate
2.55%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bethany, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61914 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bethany, Macon County, Illinois
Property Tax Assessment Values Across Bethany, Macon County, Illinois
Source: Ownwell
$64,096
$166,841
$269,586
Median Bethany Market Value
$224,757
Median Macon County Market Value
$87,275
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bethany, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61914 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bethany, Macon County, Illinois
Median Bethany Tax Bill
$5,170
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Bethany, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61914 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell