Weldon, Macon County, Illinois Property Taxes

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

Median Weldon, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Weldon, IL home value: $263,966
Median annual Weldon, IL tax bill: $6,458, $4,058 higher than the national median property tax bill of $2,400.

How are property taxes in Macon County calculated?

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

Last Updated March 1, 2025

Weldon, Macon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$6,388

$5,928

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

Property Tax Rates Across Weldon, Macon County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget annually to provide services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Weldon, located in Macon County, Illinois, presents a unique case when it comes to property tax rates. With an effective property tax rate of 2.42%, Weldon's rate is significantly higher than the national median of 1.02%. This reflects the higher demands or budgetary needs of the local government in Macon County. When compared to other cities in Illinois, Weldon's rate underscores the diversity in property tax rates across the state. The higher rate may be indicative of the county's investment in public services or infrastructure, which could be appealing to residents who prioritize community amenities and services. Understanding these local nuances is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Weldon, 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 Weldon Tax Rate

2.42%

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 Weldon, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61882	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Weldon, Macon County, Illinois

When examining property taxes in Weldon, Illinois, 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 Tax Assessor 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 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 Weldon.

For example, the median home price in Weldon is $263,966, with tax bills ranging significantly across the county, from $3,631 at the 25th percentile to $8,580 at the 90th percentile.

Property Tax Assessment Values Across Weldon, Macon County, Illinois

Source: Ownwell

$64,096

$166,841

$269,586

Median Weldon Market Value

$263,966

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 Weldon, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61882	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Weldon, Macon County, Illinois

In Weldon, located in Macon County, IL, property tax bills are determined by the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the property tax bill. Factors such as the location of the property, its size, and the local government's budget needs can influence this rate. Homeowners in Weldon face property tax bills that can vary significantly, with the 25th percentile at $3,631 and the 75th percentile reaching $7,786, reflecting the diverse nature of property values in the area. This is considerably higher than the national median property tax bill of $2,400. High property taxes can place a financial burden on homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay a fair amount based on their property's assessed value. This can lead to significant savings and financial relief for homeowners.

Property Tax Bills Across Weldon, Macon County, Illinois

Source: Ownwell

$1,474

$3,645

$5,815

Median Weldon Tax Bill

$6,458

Median Macon County Tax Bill

$2,091

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Weldon, Macon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61882	N/A	N/A	N/A	N/A	N/A

Source: Ownwell