Hindsboro, Coles County, Illinois Property Taxes

Name: Property Tax Bills Across Hindsboro, Coles County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hindsboro, IL effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Hindsboro, IL home value: $98,373
Median annual Hindsboro, IL tax bill: $2,243, $157 lower than the national median property tax bill of $2,400.

How are property taxes in Coles County calculated?

Property taxes in Hindsboro, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hindsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hindsboro, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hindsboro, Coles County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$2,243

$2,081

Ownwell’s Hindsboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hindsboro with just two data points. By entering your property's estimated assessed value, our calculator applies Hindsboro’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Coles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hindsboro, Coles County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hindsboro’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Hindsboro in Coles County has a property tax rate of 2.28%. This is significantly higher than the national median property tax rate of 1.02%. Additionally, the median property tax bill in Hindsboro surpasses the national median of $2400, reflecting the higher rate. This makes understanding your property tax obligations and exploring potential appeals or exemptions particularly valuable. By engaging with property tax consultants, you can ensure that you’re not overpaying and are taking advantage of any available exemptions.

Property Tax Rates Across Hindsboro, Coles County, Illinois

Source: Ownwell

2.22%

2.64%

3.07%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hindsboro Taxx Rate

2.28%

Median Effective Coles County Taxx Rate

2.84%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Hindsboro, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61930	1.95%	2.19%	2.28%	2.71%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Hindsboro, Coles County, Illinois

When examining property taxes in Hindsboro, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Coles County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Coles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hindsboro. For example, the median home price in Hindsboro is $98,373, with tax bills ranging significantly across the county. 61930 has the highest median home price at $98,373.

Property Tax Assessment Values Across Hindsboro, Coles County, Illinois

Source: Ownwell

$55,224

$88,860

$122,496

Median Hindsboro Market Value

$98,373

Median Coles County Market Value

$64,296

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Hindsboro, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61930	$69,457	$73,608	$98,373	$220,230	$240,117

Source: Ownwell

Property Tax Bills Across Hindsboro, Coles County, Illinois

In Hindsboro, located in Coles County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. Homeowners in Hindsboro experience a median property tax bill of $2,243, slightly below the national median of $2,400, despite the median home price being $98,373. The tax rate applied to this assessed value plays a crucial role in calculating the final tax bill. Factors such as local government budgets and school funding needs can influence these rates, impacting how much homeowners pay annually. For those in the 25th percentile, tax bills can be as low as $1,992, while those in the 90th percentile may see bills as high as $5,444. Ownwell offers a valuable service to homeowners by reviewing property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing incorrect assessments, Ownwell can help reduce tax liabilities, ensuring homeowners pay only their fair share.

Property Tax Bills Across Hindsboro, Coles County, Illinois

Source: Ownwell

$1,172

$2,467

$3,762

Median Hindsboro Tax Bill

$2,243

Median Coles County Tax Bill

$1,659

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Hindsboro, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61930	$1,841	$1,992	$2,243	$3,963	$5,444

Source: Ownwell