Alexander, Morgan County, Illinois Property Taxes
Property Taxes in Alexander, Illinois
Median Alexander, Illinois effective property tax rate: 1.93%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Alexander, Illinois home value: $125,370
Median annual Alexander, Illinois tax bill: $2,111, $289 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Alexander, Illinois 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 Alexander's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alexander, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Alexander, Morgan County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.93%
Estimate Property Tax Bill
$2,420
$2,245
How Does the Alexander Property Tax Calculator Work?
Use this Alexander property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Alexander's median effective tax rate of 1.93% — based on actual property records in Morgan County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Alexander's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Alexander's bill may vary by ZIP code within the city: rates range from 1.93% in 62601 to 1.93% in 62601, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Alexander.
About Alexander Property Taxes
About Property Taxes in Alexander, Morgan, Illinois
Alexander's median effective property tax rate of 1.93% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Morgan County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Alexander. Homeowners in the 62601 ZIP code carry a median effective rate of 1.93%, while those in 62601 pay 1.93%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Morgan County. Understanding which part of Alexander you live in can make a meaningful difference to your annual tax bill.
Alexander homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Alexander, Morgan County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that 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, in a nutshell, this is the annual process.
Below, you can compare Alexander's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Alexander Tax Rate
1.93%
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 Morgan County Tax Rate
2.08%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alexander, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62601 | 1.38% | 1.68% | 1.93% | 2.18% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Alexander, Morgan County, Illinois
When examining property taxes in Alexander, 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 Morgan County assessment office 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.
Assessment notices:
In Morgan 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 Alexander.
For example, the median home price in Alexander is $125,370, with tax bills ranging significantly across the county. 62601 has the highest median home price at $125,370.
Property Tax Assessment Values Across Alexander, Morgan County, Illinois
Source: Ownwell
$49,485
$105,413
$161,340
Median Alexander Market Value
$125,370
Median Morgan County Market Value
$107,895
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alexander, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62601 | $19,716 | $75,120 | $125,370 | $171,675 | $260,454 |
Source: Ownwell
Property Tax Bills Across Alexander, Morgan County, Illinois
Property tax bills in Alexander are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value, which means the final bill depends on both the home’s value and the tax rates set for the area. For homeowners, this can create meaningful differences from one property to another, even within the same city.
With a median home price of $125,370, property taxes can add a significant annual cost to owning a home. The 25th percentile tax bill is $1,155, while the 75th percentile is $3,383 and the 90th percentile reaches $5,792. The median tax bill in the 62601 ZIP code is $2,111, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
These bills affect homeowners by influencing monthly housing costs, affordability, and long-term budget planning.
Median Alexander Tax Bill
$2,111
Median Morgan County Tax Bill
$2,129
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Alexander, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62601 | $353 | $1,155 | $2,111 | $3,383 | $5,792 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Morgan Tax Assessor | |
| Website | morganil.devnetwedge.com |