Humboldt, Coles County, Illinois Property Taxes

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

Median Humboldt, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Humboldt, IL home value: $79,212
Median annual Humboldt, IL tax bill: $1,897, $503 lower than the national median property tax bill of $2,400.

How are property taxes in Coles County calculated?

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

Last Updated March 1, 2025

Humboldt, Coles County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$1,917

$1,779

Ownwell’s Humboldt Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Humboldt with just two data points.

By entering your property's estimated assessed value, our calculator applies Humboldt’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 Humboldt, Coles County, Illinois

Local government entities determine tax rates, leading to significant variation within a state. Each county annually estimates its budget needs to provide necessary services and divides this by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Humboldt, located in Coles County, Illinois, the effective property tax rate is 2.42%, which stands out when compared to other cities in Illinois and the U.S. The national median property tax rate is 1.02%, significantly lower than Humboldt's rate. This difference highlights the variability in property tax rates across different regions. In Illinois, Humboldt shares its tax rate with the highest and lowest median tax rate in the state, both recorded at 2.42% in the 61931 zip code. Understanding these variations can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Humboldt, 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 Humboldt Tax Rate

2.42%

Median Effective Coles County Tax Rate

2.84%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Humboldt, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61931	1.75%	2.33%	2.42%	2.47%	2.68%

Source: Ownwell

Property Tax Assessment Values Across Humboldt, Coles County, Illinois

When examining property taxes in Humboldt, Illinois, 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 appraisal district 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.

Assessment notices: In Coles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Humboldt. For example, the median home price in Humboldt is $79,212, with tax bills ranging significantly across the county. 61931 has the highest median home price at $79,212.

Property Tax Assessment Values Across Humboldt, Coles County, Illinois

Source: Ownwell

$55,224

$88,860

$122,496

Median Humboldt Market Value

$79,212

Median Coles County Market Value

$64,296

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Humboldt, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61931	$11,857	$35,787	$79,212	$145,662	$245,659

Source: Ownwell

Property Tax Bills Across Humboldt, Coles County, Illinois

In Humboldt, located in Coles County, Illinois, property tax bills are calculated based on the assessed value of a property, which is typically a fraction of its market value. Homeowners in Humboldt face a range of tax bills, with the 25th percentile at $828 and the 75th percentile reaching $3,699. The highest median tax bill recorded in the area is $1,897, which is below the national median property tax bill of $2,400. This suggests that while some homeowners enjoy relatively low property tax rates, others may find their bills burdensome. Several factors influence these tax bills, including property size, location, and local tax rates. For homeowners seeking relief, Ownwell offers property tax appeal and exemption services. By leveraging local expertise and data analysis, Ownwell helps homeowners identify potential savings opportunities, ensuring they pay only their fair share. This personalized approach can lead to significant reductions in property tax bills, providing financial relief and peace of mind for Humboldt residents.

Property Tax Bills Across Humboldt, Coles County, Illinois

Source: Ownwell

$1,172

$2,467

$3,762

Median Humboldt Tax Bill

$1,897

Median Coles County Tax Bill

$1,659

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Humboldt, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61931	$371	$828	$1,897	$3,699	$6,561

Source: Ownwell