Property Tax Analysis for Monroe County, IL
Property tax rates, assessment ratios, and appeal potential in Monroe County.
Effective Tax Rate
1.8%
Annual Tax Bill
$4,498
Monthly Escrow
$375
Tax Burden
4.5% of income
Tax Assessment Details
Current Assessment
Market Value$254,100
Est. Assessed Value$215,985
Assessment Ratio~85%
Effective Rate1.8%
Appeal Potential
Potential Annual Savings$675
5-Year Savings$3,375
vs National Averageabove (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Monroe County
Monroe County in Illinois has an effective property tax rate of 1.8%, which is above the national average of 1.1%. On a median home value of $254,100, that translates to $4,498 annually or $375 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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