Q: When are property taxes due in Macoupin County for the current fiscal year?
A: Property taxes are typically due in two installments: first installment due June 1st and second installment due September 1st. However, if tax bills are issued late, the first installment is due 30 days after the bill date, with the second installment generally due August 1st.
Q: What tax credits are available and do I need to apply?
A: The primary credit available is the General Homestead Exemption, which reduces your property's equalized assessed value by up to $10,000. This credit is NOT automatic and requires an annual application using form PTAX-340. Senior citizens may qualify for additional exemptions including the Senior Citizens Assessment Freeze.
Q: How does the Homestead Exemption work?
A: The General Homestead Exemption reduces your property's assessed value by up to $10,000, not your market value. You must occupy the property as your principal residence and have an ownership interest. Application must be filed annually with the County Assessor's office, and the exemption is not retroactive if you miss the deadline.
Q: When are properties reassessed in Macoupin County?
A: Macoupin County follows Illinois' four-year assessment cycle. All properties are reassessed every four years, with annual reviews for properties that have sold or been improved. Assessment notices are typically mailed in late spring/early summer of reassessment years.
Q: What are the penalties for late property tax payments?
A: Late payments incur penalties and interest charges. Contact the County Treasurer's office at (217) 854-4014 for current penalty rates and payment options if your taxes are overdue.
Q: Can I pay my property taxes online?
A: Contact the Macoupin County Treasurer's office at (217) 854-4014 to inquire about online payment options and accepted payment methods. Payment options and processing may vary.
Q: How do special taxing districts affect my tax rate?
A: Your total tax rate is the sum of all taxing districts serving your property location. These may include school districts, fire protection districts, library districts, and municipal taxes. Properties in incorporated areas typically have higher rates due to additional municipal services.
Q: How can I appeal my property assessment?
A: Assessment appeals must be filed with the Macoupin County Board of Review within 30 days of receiving your assessment notice. Contact the County Assessor's office for appeal forms and procedures. Further appeals can be made to the Illinois Property Tax Appeal Board if unsatisfied with the local decision.
