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Updated 2025 Tax Year

Menard County
Property Tax Guide

Everything you need to know about property taxes in Menard County, IL. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Varies by taxing district combination, typically ranges 4-8% of assessed value
1st Due
Jun 1
2nd Due
Sep 1
Exemptions
5+ Available
Section 1

How Property Tax Works

Menard County, Illinois operates under the state's property tax system, which funds essential local services including schools, fire protection, road maintenance, and county operations. Property taxes are calculated based on your property's assessed value multiplied by the local tax rate, which varies significantly depending on your location within the county due to different combinations of taxing districts.

The property tax system in Menard County follows Illinois state law, including the Property Tax Extension Limitation Law (PTELL), which limits annual tax levy increases. Your actual tax rate depends on which school district, township, municipality, and special districts serve your property. Assessment levels are set at approximately one-third of market value, and the county typically follows a quadrennial reassessment cycle with annual updates.

Section 2

What Makes Up Your Tax Bill

Note: Rates vary by taxing district combination within Menard County. The following represents typical components for levy year 2024 (payable in 2025):

ComponentApproximate RateDescription
County0.45% - 0.65%General county operations, health, highway
Township0.10% - 0.25%Township road maintenance, general assistance
School District4.50% - 6.50%Elementary and high school districts vary significantly
Community College0.25% - 0.35%Lincoln Land Community College District
Fire Protection0.15% - 0.40%Rural fire protection districts where applicable
Library0.10% - 0.20%Local library districts
Park District0.05% - 0.15%Where applicable
Total Estimated Range5.60% - 8.50%Varies by specific location and districts

Final 2025 tax rates will be determined when local budgets are approved. Contact the Menard County Supervisor of Assessments for your specific district combination.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Menard County, property taxes are due in two installments:

First Installment
Jun 1
Delinquent after Dec 10
Second Installment
Sep 1
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Menard County are typically triggered by ownership changes, new construction, or significant property improvements that weren't included in the regular assessment cycle. When you purchase property or complete new construction, the county may issue a supplemental assessment to capture the difference between the previous assessment and the current market value.

Supplemental taxes are calculated by taking the difference between the old and new assessed values, multiplying by the current tax rate, and prorating for the portion of the tax year remaining. For example, if you purchase a home in July that was previously assessed at $80,000 but now has a market value requiring a $120,000 assessment, you would owe supplemental taxes on the $40,000 difference (÷3 for assessment level = $13,333) multiplied by your district's tax rate, prorated for the remaining months in the tax year.

Example Calculation

Based on estimated 2025 rates - actual rates vary by taxing district location:

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (33.33%): $100,000
  • Less: General Homestead Exemption: $-6,000 (if applied for)
  • Net Taxable Value: $94,000
  • Tax Rate (estimated): 6.5%
  • Annual Tax: $6,110
  • Monthly Escrow: $509

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (33.33%): $200,000
  • Less: General Homestead Exemption: $-6,000 (if applied for)
  • Net Taxable Value: $194,000
  • Tax Rate (estimated): 6.8%
  • Annual Tax: $13,192
  • Monthly Escrow: $1,099

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (33.33%): $333,333
  • Less: General Homestead Exemption: $-6,000 (if applied for)
  • Net Taxable Value: $327,333
  • Tax Rate (estimated): 7.2%
  • Annual Tax: $23,568
  • Monthly Escrow: $1,964

Note: All exemptions require annual application and are not automatic.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Menard County require property tax escrow accounts for loans with less than 20% down payment. Your lender collects monthly payments equal to 1/12th of your estimated annual property tax bill plus a small cushion (typically 2 months). The lender is responsible for paying your property taxes on time from this escrow account.

Property taxes in Menard County are typically due in two installments: the first installment around June 1st and the second installment around September 1st (specific dates vary annually). Your lender should receive tax bills directly and make payments before the due dates. You should receive an annual escrow analysis showing how your payments were used and any adjustments needed for the coming year. It's important to verify that your lender has paid your taxes on time, as you remain ultimately responsible for payment even when using an escrow account.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Menard County for 2025? A: Property taxes are typically due in two installments - around June 1st and September 1st. The second installment for 2024 was due September 6, 2024. Exact dates for 2025 will be posted on the County Treasurer's website.

Q: What tax credits are available and how do I apply? A: The General Homestead Exemption reduces your assessed value by up to $6,000 and requires annual application. The Homestead Exemption for Persons with Disabilities provides a $2,000 reduction in assessed value. Senior citizens may qualify for additional exemptions. All require application - none are automatic.

Q: How does the Homestead Exemption work? A: The General Homestead Exemption reduces your equalized assessed value by up to $6,000 (not your tax bill directly). You must apply annually with the Supervisor of Assessments. This is different from some states - it doesn't cap assessment increases, it simply reduces your taxable value.

Q: When are properties reassessed in Menard County? A: Illinois follows a quadrennial (4-year) reassessment cycle with annual updates. The Supervisor of Assessments reviews all properties regularly and may adjust values based on sales data, improvements, or market changes.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Menard County Board of Review, typically by the third Tuesday in July following the assessment year. You can appeal based on overvaluation, unequal treatment, or incorrect property information.

Q: What are the penalties for late payment? A: Illinois law provides for interest charges on delinquent property taxes. The first installment incurs interest if not paid by the due date, and additional penalties may apply for extended delinquency.

Q: Can I pay my property taxes online? A: Contact the Menard County Treasurer's office directly for current online payment options and accepted payment methods. Many Illinois counties offer online payment systems.

Q: Why do tax rates vary within Menard County? A: Your total tax rate depends on which combination of taxing districts serve your property - school district, township, municipality, fire district, library district, etc. Each has its own tax rate, so your total rate depends on your specific location.

Q: When do I need to file for exemptions? A: Most exemption applications are due annually, typically by the first Monday in March for the current assessment year. Contact the Supervisor of Assessments office for specific deadlines and application forms.

Q: What triggers a supplemental tax bill? A: Property ownership changes, new construction, additions, or other improvements that weren't included in the regular assessment may trigger supplemental taxes to account for increased property value during the tax year.

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