Illinois · FIPS 17119 · ACS 2020–2024
Madison County, Illinois property tax rate
Homeowners in Madison County paid a median of $3,319 a year in real estate taxes on a median home value of $173,000 (2020–2024 survey). Taxes came to 1.79% of home value, 5% below the Illinois rate of 1.88% and 90% above the U.S. rate of 0.94%.
- 1.79%Effective tax rate±0.07% margin · Illinois: 1.88%
- $3,319Median tax per yearIllinois: $5,298 · U.S.: $3,119
- $173,000Median home valueIllinois: $263,300
- 81,716Owner-occupied homes74% of households own
| Measure | Madison County | Illinois | U.S. | Madison County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 1.79% | 1.88% | 0.94% | 1.84% | −0.05 pts |
| Median tax, all owners | $3,319 | $5,298 | $3,119 | $3,232 | +$87 (+2.7%) |
| Median tax, with a mortgage | $3,682 | $5,833 | $3,489 | $3,604 | +$78 (+2.2%) |
| Median tax, no mortgage | $2,789 | $4,463 | $2,576 | $2,691 | +$98 (+3.6%) |
| Median home value | $173,000 | $263,300 | $332,700 | $167,900 | +$5,100 (+3.0%) |
| Total taxes paid | $318,487,200 | $20,991,766,400 | $360,573,527,500 | $310,532,000 |
How Madison County compares
- Per $1,000 of home value, owners here paid about $17.86 a year, against $18.76 statewide and $9.40 nationally.
- Rank in Illinois: 65 of 95 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 97% of 2,682 counties had a lower rate.
- Homes with a mortgage: 1.85% of value; homes without one: 1.68%. Median bills: $3,682 and $2,789.
- Compared with the 2019–2023 survey, the effective rate fell (−0.05 pts) and the median tax changed +$87 (+2.7%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 1.79% ± 0.07% at 90% confidence, from a sample of the 81,716 owner-occupied homes.
Illinois counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Carroll County | 1.75% | $2,277 | $114,500 |
| Lee County | 1.77% | $3,048 | $154,600 |
| Mercer County | 1.77% | $2,878 | $146,700 |
| Bond County | 1.78% | $2,747 | $145,700 |
| Mason County | 1.80% | $2,162 | $103,400 |
| Ogle County | 1.81% | $3,889 | $189,200 |
| Knox County | 1.81% | $2,190 | $111,900 |
| McDonough County | 1.82% | $2,285 | $107,500 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.