Montgomery County, Illinois Property Taxes
Census Bureau ACS property tax data for Illinois. Population: 8,591.
The median annual property tax in Montgomery County is $1,758, which is 37% lower than the Illinois state average and 9% below the national average. The effective tax rate is 1.72% on a median home value of $102,200. Property taxes represent 2.8% of the median household income in this county.
Median Annual Tax
$1,758
-37% vs State
-9% vs US
Median Home Value
$102,200
-30% vs State
-52% vs US
Effective Tax Rate
1.72%
-6% vs State
+81% vs US
With vs Without Mortgage
With Mortgage
$2,016
$168/mo
Without Mortgage
$1,467
$122/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,758 +0.7% | 1.72% |
| 2022 | $1,745 +1.6% | 1.71% |
| 2021 | $1,717 +7.4% | 1.86% |
| 2020 | $1,599 +7.6% | 1.77% |
| 2019 | $1,486 | 1.77% |
Tax Burden
Tax-to-Income Ratio
2.8%
of median household income
Median Income
$61,863
per year
Monthly Tax
$147
per month
Other Counties in Illinois
Iroquois County
Tax: $2,449/yr Rate: 1.95%
Henry County
Tax: $2,877/yr Rate: 1.98%
Morgan County
Tax: $2,420/yr Rate: 1.88%
Saline County
Tax: $1,445/yr Rate: 1.56%
Henderson County
Tax: $1,703/yr Rate: 1.68%
Macon County
Tax: $2,560/yr Rate: 2.10%
Frequently Asked Questions
What is the average property tax in Montgomery County, Illinois? ▼
The median annual property tax in Montgomery County is $1,758 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.72% on a median home value of $102,200.
How does Montgomery County property tax compare to the national average? ▼
Property taxes in Montgomery County are 9% below the national average of $1,923. The effective rate of 1.72% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Montgomery County? ▼
In Montgomery County, homeowners with a mortgage pay a median of $2,016 in annual property taxes, while homeowners without a mortgage pay $1,467. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Montgomery County? ▼
Property taxes in Montgomery County represent approximately 2.8% of the median household income of $61,863. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.