Bethany, Macon County, Illinois Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.3%

Estimate Property Tax Bill

$5,169

$4,797

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

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.

Property Tax Rates Across Bethany, Macon County, Illinois

Source: Ownwell

1.79%

2.60%

3.41%

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%

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

When examining property taxes in Bethany, 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 Macon 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 Macon 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 Bethany. For example, the median home price in Bethany is $224,757, with tax bills ranging significantly across the county.

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

In Bethany, located in Macon County, 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 tax bill. Homeowners in Bethany face a median property tax bill significantly higher than the national median of $2,400, with amounts ranging from $4,988 at the 25th percentile to $5,462 at the 90th percentile. This disparity highlights the substantial impact property taxes can have on a homeowner's finances in the area. Various factors, such as changes in property value and local government budget needs, influence the tax rate and, consequently, the tax bill. Ownwell can assist homeowners in Bethany by providing expert property tax appeal and exemption services. By evaluating the assessed value and ensuring it accurately reflects the property's market value, Ownwell helps homeowners potentially lower their tax burden, offering significant savings and financial relief.

Property Tax Bills Across Bethany, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

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