Concord, Morgan County, Illinois Property Taxes
Property Taxes in Concord, Illinois
Median Concord, Illinois effective property tax rate: 1.98%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Concord, Illinois home value: $95,220
Median annual Concord, Illinois tax bill: $1,627, $773 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Concord, 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 Concord's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Concord, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Concord, Morgan County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.98%
Estimate Property Tax Bill
$1,885
$1,750
How Does the Concord Property Tax Calculator Work?
Use this Concord property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Concord's median effective tax rate of 1.98% — 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 Concord's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Concord: rates range from 1.98% in 62631 to 1.98% in 62631, 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 Concord.
About Concord Property Taxes
About Property Taxes in Concord, Morgan, Illinois
Concord’s median effective property tax rate of 1.98% 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 that can vary by subdivision throughout the city.
Property tax rates are not uniform across Concord. Homeowners in the 62631 ZIP code carry a median effective rate of 1.98%, while the same ZIP also reflects the city’s lowest median rate of 1.98%. This consistency shows how local levies and assessment boundaries shape the tax bill in Morgan County.
Concord homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill 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 Concord, 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 Concord'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 Concord Tax Rate
1.98%
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 Concord, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62631 | 1.09% | 1.68% | 1.98% | 2.19% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Concord, Morgan County, Illinois
When examining property taxes in Concord, 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 the month when notices are sent.
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 Concord.
For example, the median home price in Concord is $95,220, with tax bills ranging significantly across the county. 62631 has the highest median home price at $95,220.
Property Tax Assessment Values Across Concord, Morgan County, Illinois
Source: Ownwell
$49,485
$105,413
$161,340
Median Concord Market Value
$95,220
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 Concord, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62631 | $22,770 | $61,950 | $95,220 | $143,790 | $258,714 |
Source: Ownwell
Property Tax Bills Across Concord, Morgan County, Illinois
How are property tax bills calculated in Concord?
Property tax bills in Concord are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value, and the final bill reflects how the property is classified and the taxing jurisdictions that collect revenue. For homeowners, this means two similar homes can still have different tax bills if their assessed values or local tax rates differ.
What factors affect the bill?
The median home price is $95,220, and the median property tax bill is $1,627. Bills can vary widely, with the 25th percentile at $861, the 75th percentile at $2,996, and the 90th percentile at $5,468. In Morgan County, these differences show how assessment levels and local rates can affect what homeowners owe each year.
How does this affect homeowners?
Because property taxes are tied to assessed value, a higher assessment can raise the bill even if the home has not been sold. For many homeowners, that makes property taxes one of the most important ongoing housing costs.
Median Concord Tax Bill
$1,627
Median Morgan County Tax Bill
$2,129
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Concord, Morgan County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62631 | $152 | $861 | $1,627 | $2,996 | $5,468 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Morgan Tax Assessor | |
| Website | morganil.devnetwedge.com |