Havana, Fulton County, Illinois Property Taxes

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

Median Havana, IL effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Havana, IL home value: $101,202
Median annual Havana, IL tax bill: $764, $1,636 lower than the national median property tax bill of $2,400.

How are property taxes in Fulton calculated?

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

Last Updated March 1, 2025

Havana, Fulton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.97%

Estimate Property Tax Bill

$1,994

$1,850

Ownwell’s Havana Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Havana with just two data points. By entering your property's estimated assessed value, our calculator applies Havana’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 Fulton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Havana, Fulton County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, is the annual norm. In Havana, located in Fulton County, Illinois, the effective property tax rate stands at 1.97%. This is notably higher than the national median property tax rate of 1.02%, reflecting the local budgeting needs and property values. When compared to other cities within Illinois, Havana shares the same effective property tax rate, indicating a uniform approach across the region. However, this rate is significantly above the national median, illustrating the diverse landscape of property taxation across the U.S. Understanding these differences is crucial for property owners, as it impacts the overall cost of owning property. By navigating these variances, property owners can make more informed decisions and potentially identify opportunities for tax appeals or exemptions.

Property Tax Rates Across Havana, Fulton County, Illinois

Source: Ownwell

1.39%

2.49%

3.59%

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 Havana Tax Rate

1.97%

Median Effective Fulton County Tax Rate

2.71%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Havana, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62644	1.38%	1.60%	1.97%	2.34%	2.56%

Source: Ownwell

Property Tax Assessment Values Across Havana, Fulton County, Illinois

When examining property taxes in Havana, 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 Fulton 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 Fulton 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 Havana. For example, the median home price in Havana is $101,202, with tax bills ranging significantly across the county. Zip code 62644 has the highest median home price at $101,202.

Property Tax Assessment Values Across Havana, Fulton County, Illinois

Source: Ownwell

$26,937

$71,044

$115,150

Median Havana Market Value

$101,202

Median Fulton County Market Value

$71,967

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Havana, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62644	$20,235	$44,580	$101,202	$125,240	$136,534

Source: Ownwell

Property Tax Bills Across Havana, Fulton County, Illinois

In Havana, located in Fulton County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value typically represents a percentage of the home's market value, with various factors such as location, property size, and improvements affecting this valuation. Homeowners in Havana face a median property tax bill of $764, which is significantly lower than the national median of $2,400. The 25th percentile tax bill is $508, while the 75th percentile reaches $1,019, indicating some variation in tax burdens across the area.

For homeowners, understanding these factors is crucial, as property taxes can significantly impact household budgets. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify potential savings. Whether it's through reassessment requests or exemption applications, Ownwell's tailored approach ensures that homeowners in Havana can minimize their property tax liabilities, enhancing their financial well-being.

Property Tax Bills Across Havana, Fulton County, Illinois

Source: Ownwell

$467

$949

$1,430

Median Havana Tax Bill

$764

Median Fulton County Tax Bill

$1,058

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Havana, Fulton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62644	$355	$508	$764	$1,019	$1,172

Source: Ownwell