Hamilton County Property Taxes
The median property tax rate in Hamilton County is 1.77%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Hamilton County at $61,740, the typical annual property tax bill reaches $1,024, which is lower than the national median of $2,690. Property taxes in Hamilton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hamilton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in McLeansboro or another part of Hamilton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamilton County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Hamilton County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential property owners to estimate their annual property taxes in Hamilton County with just two data points. By simply entering your property's estimated assessed value, our calculator uses the median tax rate in Hamilton County to provide an accurate property tax bill estimate. This valuable tool helps you understand your potential tax liabilities. For those interested in more localized trends, you can navigate to city-level information further down the page. Your property's assessed value is determined by the county and takes into account any applicable exemptions, ensuring a precise calculation for your property tax obligations.
Property Tax Rates Across Hamilton County, Illinois
Property taxes in Hamilton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hamilton County is 1.77%, which is higher than the U.S. national median of 0.99%. Local government entities within Hamilton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hamilton County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hamilton County's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Eldorado has one of the higher property tax rates in Illinois at 2.11%, while the city of Norris City boasts one of the lowest at 1.35%. Analyzing how Hamilton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hamilton County Tax Rate
1.77%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamilton County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Rive | 1.25% | 1.45% | 1.55% | 1.68% | 1.91% |
| Broughton | 0.75% | 1.44% | 1.84% | 2.15% | 2.79% |
| Dahlgren | 0.67% | 1.24% | 1.66% | 1.96% | 2.21% |
| Eldorado | 1.99% | 2.03% | 2.11% | 2.18% | 2.22% |
| Enfield | 1.27% | 1.38% | 1.63% | 1.84% | 2.01% |
| Galatia | 1.17% | 1.66% | 2.03% | 2.30% | 2.53% |
| Macedonia | 0.79% | 1.31% | 1.75% | 1.89% | 2.00% |
| Mc Leansboro | 0.79% | 1.35% | 1.82% | 2.22% | 2.95% |
| Norris City | 0.90% | 0.95% | 1.35% | 1.84% | 2.07% |
| Springerton | 0.32% | 1.22% | 1.57% | 1.73% | 1.84% |
| Thompsonville | 0.66% | 1.10% | 1.63% | 1.89% | 2.05% |
| Wayne City | 0.91% | 1.43% | 1.70% | 1.92% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton County, Illinois
In Hamilton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hamilton County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hamilton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Eldorado has the highest median tax bill at $3,084, while Macedonia has the lowest at $721. Being aware of these valuation processes in Hamilton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hamilton County, Illinois
Source: Ownwell
$48,474
$84,645
$120,816
Average Hamilton County Assessed Value
$61,740
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamilton County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Rive | $32,500 | $82,186 | $120,816 | $147,778 | $172,970 |
| Broughton | $7,316 | $19,179 | $48,474 | $105,969 | $168,479 |
| Dahlgren | $17,370 | $36,552 | $74,301 | $144,273 | $217,434 |
| Eldorado | $31,426 | $64,290 | $119,064 | $192,231 | $236,131 |
| Enfield | $51,514 | $65,764 | $93,723 | $133,115 | $198,901 |
| Galatia | $30,142 | $66,254 | $112,122 | $165,596 | $188,109 |
| Macedonia | $11,586 | $23,248 | $51,556 | $119,667 | $187,405 |
| Mc Leansboro | $15,352 | $29,958 | $58,029 | $106,056 | $164,696 |
| Norris City | $36,824 | $49,935 | $63,423 | $96,660 | $133,819 |
| Springerton | $14,546 | $49,332 | $81,874 | $145,561 | $211,186 |
| Thompsonville | $24,239 | $42,398 | $73,602 | $112,055 | $176,585 |
| Wayne City | $16,432 | $34,107 | $79,074 | $119,733 | $157,271 |
Source: Ownwell
Property Tax Bills Across Hamilton County, Illinois
In Hamilton County, IL, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This value is a percentage of the market value of the property. The tax rate is then applied to the assessed value to determine your annual property tax bill. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rates set by local taxing authorities. Homeowners in Hamilton County experience a wide range of tax bills. For instance, the 25th percentile tax bill is around $420, while the 75th percentile reaches $2,078. At the 90th percentile, homeowners might pay as much as $3,380 annually. In comparison to the national median property tax rate of 0.99%, Hamilton County's rates can be significantly higher or lower, depending on the specific area. For example, Eldorado has the highest median tax bill at $3,084, whereas Macedonia has the lowest at $721. These variations can substantially impact homeowners' financial planning and overall housing costs.
Average Hamilton County Tax Bill
$1,024
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamilton County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Rive | $637 | $1,106 | $1,629 | $2,294 | $2,602 |
| Broughton | $90 | $252 | $817 | $1,837 | $3,066 |
| Dahlgren | $185 | $458 | $1,073 | $2,459 | $3,934 |
| Eldorado | $766 | $1,635 | $3,084 | $4,533 | $5,402 |
| Enfield | $702 | $819 | $1,363 | $2,166 | $3,605 |
| Galatia | $344 | $826 | $2,278 | $3,104 | $3,759 |
| Macedonia | $159 | $349 | $721 | $1,986 | $3,416 |
| Mc Leansboro | $195 | $431 | $1,022 | $2,016 | $3,237 |
| Norris City | $436 | $568 | $741 | $1,664 | $2,419 |
| Springerton | $127 | $394 | $1,368 | $2,427 | $3,463 |
| Thompsonville | $188 | $508 | $1,025 | $1,725 | $3,002 |
| Wayne City | $278 | $620 | $1,396 | $2,184 | $3,064 |
Source: Ownwell