Galatia, Hamilton County, Illinois Property Taxes

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

Median Galatia, IL effective property tax rate: 2.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Galatia, IL home value: $112,122
Median annual Galatia, IL tax bill: $2,278, $122 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Galatia, Hamilton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.03%

Estimate Property Tax Bill

$2,276

$2,112

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

Property Tax Rates Across Galatia, Hamilton County, Illinois

Local government entities determine tax rates, which can differ significantly within a state. Each county annually estimates the budget it needs to provide services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though there are votes and laws involved in setting tax rates and budgets, this is essentially the yearly process.

In Galatia, located in Hamilton County, the effective property tax rate stands out when compared to other cities in Illinois. With a median property tax rate of 2.03%, Galatia's rate is notably higher than the national median property tax rate of 1.02%. This translates to residents in Galatia paying a considerably higher share of their property's assessed value in taxes compared to the national average. Understanding these differences can help property owners make informed decisions about their investments and financial planning. Comparing Galatia’s property tax rate to other areas in Illinois and the national average highlights the importance of being aware of local tax obligations.

Property Tax Rates Across Galatia, Hamilton County, Illinois

Source: Ownwell

1.35%

1.69%

2.03%

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 Galatia Taxx Rate

2.03%

Median Effective Hamilton County Taxx Rate

1.77%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Galatia, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62935	1.17%	1.66%	2.03%	2.30%	2.53%

Source: Ownwell

Property Tax Assessment Values Across Galatia, Hamilton County, Illinois

When examining property taxes in Galatia, 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 Hamilton 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.

In Hamilton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Galatia. For example, the median home price in Galatia is $112,122, with tax bills ranging significantly across the county. Zip code 62935 has the highest median home price at $112,122.

Property Tax Assessment Values Across Galatia, Hamilton County, Illinois

Source: Ownwell

$48,474

$84,645

$120,816

Median Galatia Market Value

$112,122

Median Hamilton County Market Value

$61,740

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Galatia, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62935	$30,142	$66,254	$112,122	$165,596	$188,109

Source: Ownwell

Property Tax Bills Across Galatia, Hamilton County, Illinois

In Galatia, located in Hamilton County, IL, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by local assessors. With a median home price of $112,122, homeowners in Galatia face property tax bills that vary considerably. The 25th percentile tax bill is $826, while the 75th percentile reaches $3,104, and the 90th percentile goes up to $3,759. These figures highlight the significant range in property tax obligations, influenced by factors such as home value and applicable exemptions. The median property tax bill in Galatia aligns closely with the national median of $2,400, offering a benchmark for comparison. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell can help homeowners reduce their tax burden, ensuring they pay only their fair share.

Property Tax Bills Across Galatia, Hamilton County, Illinois

Source: Ownwell

$721

$1,500

$2,278

Median Galatia Tax Bill

$2,278

Median Hamilton County Tax Bill

$1,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Galatia, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62935	$344	$826	$2,278	$3,104	$3,759

Source: Ownwell