Dahlgren, Illinois Property Taxes
The median property tax rate in Dahlgren, IL is 1.66%, which is significantly higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With the median home value in Dahlgren at $74,301, the typical annual property tax bill reaches $1,073, falling below the national median of $2,690. Property taxes in Dahlgren are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dahlgren's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dahlgren or another part of Hamilton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dahlgren, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,233
$1,205
Ownwell’s Dahlgren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dahlgren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dahlgren to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Hamilton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dahlgren, Illinois
Property taxes in Dahlgren, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dahlgren is 1.66%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Dahlgren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dahlgren estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dahlgren's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62828 has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these areas compare with Dahlgren provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dahlgren Tax Rate
1.66%
Average Hamilton County Tax Rate
1.77%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dahlgren, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62828 | 0.67% | 1.24% | 1.66% | 1.96% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Dahlgren, Illinois
In Dahlgren, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hamilton County Appraisal District for tax purposes. In contrast, the assessed value 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 are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dahlgren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 62828 has the highest median tax bill of $1073, while the lowest median tax bill is also $1073.
Average Dahlgren Assessed Value
$74,301
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 Dahlgren, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62828 | $17,370 | $36,552 | $74,301 | $144,273 | $217,434 |
Source: Ownwell
Property Tax Bills Across Dahlgren, Illinois
In Dahlgren, located in Hamilton County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For example, with a median home price of $74,301, the assessed value is determined through local assessment practices and then subjected to the county's tax rate. The tax bills can vary significantly, with the 25th percentile paying around $458 and the 75th percentile facing bills up to $2,459. At the higher end, the 90th percentile sees tax bills reaching $3,934. These tax rates are influenced by local government budgets, school funding, and other community services. Homeowners in Dahlgren may find their property tax bills higher or lower than the national median property tax rate of 0.99%, depending on the assessed value and the specific tax rate applied. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Dahlgren Tax Bill
$1,073
Average Hamilton County Tax Bill
$1,024
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Dahlgren, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62828 | $185 | $458 | $1,073 | $2,459 | $3,934 |
Source: Ownwell