Chandlerville, Mason County, Illinois Property Taxes
Median Chandlerville, IL effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chandlerville, IL home value: $47,322
Median annual Chandlerville, IL tax bill: $1,262, $1,138 lower than the national median property tax bill of $2,400.
How are property taxes in Mason County calculated?
Property taxes in Chandlerville, 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 Chandlerville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chandlerville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chandlerville, Mason County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.83%
Estimate Property Tax Bill
$1,339
$1,243
Property Tax Rates Across Chandlerville, Mason County, Illinois
Local government entities determine tax rates, which can vary significantly within Illinois. This is because each year, counties like Mason estimate their required budget for services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the annual process.
In Chandlerville, located in Mason County, the effective property tax rate is 2.83%, which stands out when compared to other cities in Illinois. This rate is notably higher than the national median property tax rate of 1.02%. The median property tax bill in Chandlerville also surpasses the national median of $2,400. This higher tax rate reflects the county's budgetary needs and the value of taxable property within the area. For property owners in Chandlerville, understanding these rates is crucial for managing finances and making informed decisions about property investments.
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 Chandlerville Tax Rate
2.83%
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 Mason County Tax Rate
2.98%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chandlerville, Mason County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62627 | 2.32% | 2.57% | 2.83% | 3.13% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Chandlerville, Mason County, Illinois
When examining property taxes in Chandlerville, 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 Mason 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 Mason 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 Chandlerville. For example, the median home price in Chandlerville is $47,322, with tax bills ranging significantly across the county. Zip code 62627 has the highest median home price at $47,322.
Property Tax Assessment Values Across Chandlerville, Mason County, Illinois
Source: Ownwell
$47,322
$79,688
$112,053
Median Chandlerville Market Value
$47,322
Median Mason County Market Value
$73,888
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chandlerville, Mason County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62627 | $5,641 | $19,584 | $47,322 | $121,308 | $173,860 |
Source: Ownwell
Property Tax Bills Across Chandlerville, Mason County, Illinois
Median Chandlerville Tax Bill
$1,262
Median Mason County Tax Bill
$2,133
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Chandlerville, Mason County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62627 | $188 | $584 | $1,262 | $3,232 | $4,443 |
Source: Ownwell