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PTAX 230 Macon County Illinois Co Macon Il Form
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People also ask
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What is Macon County real estate tax rate?
The value of a property combined with the tax rate determines the property's tax bill, which is mailed in early July. Based on Macon County's current tax rate of . 40 percent of $100 of assessed value, a homeowner with a property valued at $100,000 today, would pay $400 in annual taxes. -
What is the general homestead exemption in Illinois?
General Homestead Exemption (GHE) (35 ILCS 200/15-175) The amount of exemption is the increase in the current year's equalized assessed value (EAV), above the 1977 EAV, up to a maximum of $10,000 in Cook County, $8,000 in counties contiguous to Cook County, and $6,000 in all other counties. -
What is the senior exemption on property taxes in Illinois?
Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1957 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor's Office automatically renews it for you each year. -
What is the general homestead exemption in Macon County Illinois?
This exemption is limited to the fair cash value, up to an annual maximum of $75,000 (or $25,000 in assessed value, which is 33 1/3 percent of fair cash value), that was added to homestead property by any new improvement (e.g., remodeling, adding a new room) or rebuilding after a catastrophic event, and continues for ... -
What is the Illinois Senior Citizens Assessment Freeze homestead exemption?
Senior homeowners are eligible for this exemption if they are over 65 years of age and have a total household annual income of $65,000 or less in the 2021 calendar year. A "Senior Freeze" Exemption provides property tax savings by freezing the equalized assessed value (EAV) of an eligible property. -
What are the homestead requirements in Illinois?
Illinois Homestead Statutes Homeowners may exempt an unlimited amount of acreage covered by the homestead exemption. However, the property cannot be valued at more than $15,000 if owned by a single individual, or $30,000 if owned by two or more people. -
What is the sales tax in Macon IL?
Breakdown of general sales tax rate by taxing entity: State of Illinois 6.25% City of Decatur 1.50% Macon County 1.50% -
Where do I pay my property taxes in Decatur IL?
In person – at the Macon County Treasurer's Office, 141 S Main Street Room 302 during regular business hours of 8:30 a.m. to 4:30 p.m. Monday through Friday. We accept cash, money order, cashier's check and certified check.
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