Norris City, Hamilton County, Illinois Property Taxes

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

Median Norris City, IL effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Norris City, IL home value: $63,423
Median annual Norris City, IL tax bill: $741, $1,659 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Norris City, Hamilton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$856

$795

Ownwell’s Norris City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norris City with just two data points. By entering your property's estimated assessed value, our calculator applies Norris City’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 Norris City, Hamilton County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county 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. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Norris City, located in Hamilton County, Illinois, has an effective property tax rate of 1.35%. This rate aligns with the highest and lowest median tax rates in the area, as both are also 1.35%. Compared to the national median property tax rate of 1.02%, Norris City's rate is higher. The national median property tax bill is $2,400, which provides a benchmark for understanding how Norris City's tax obligations compare on a broader scale. Understanding these rates and how they are determined can empower property owners in Norris City to make informed decisions about their tax liabilities and potential appeals.

Property Tax Rates Across Norris City, 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 Norris City Taxx Rate

1.35%

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 Norris City, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62869	0.90%	0.95%	1.35%	1.84%	2.07%

Source: Ownwell

Property Tax Assessment Values Across Norris City, Hamilton County, Illinois

When examining property taxes in Norris City, 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 June. 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 Norris City. For example, the median home price in Norris City is $63,423, with tax bills ranging significantly across the county. Zip code 62869 has the highest median home price at $63,423.

Property Tax Assessment Values Across Norris City, Hamilton County, Illinois

Source: Ownwell

$48,474

$84,645

$120,816

Median Norris City Market Value

$63,423

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 Norris City, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62869	$36,824	$49,935	$63,423	$96,660	$133,819

Source: Ownwell

Property Tax Bills Across Norris City, Hamilton County, Illinois

In Norris City, located in Hamilton County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Norris City is $63,423. Property tax rates are applied to this assessed value to calculate the tax bill. Factors such as local government budgets and school funding needs influence the rate, resulting in a median tax bill of $741. This is significantly lower than the national median property tax bill of $2,400. However, some homeowners in Norris City might face tax bills as high as $2,419, placing them at the 90th percentile. High property taxes can be burdensome, but Ownwell can help homeowners by navigating the appeals process and identifying potential exemptions. By leveraging expertise in property tax law and local market trends, Ownwell aims to reduce the financial burden on homeowners, potentially saving them hundreds of dollars annually on their property tax bills.

Property Tax Bills Across Norris City, Hamilton County, Illinois

Source: Ownwell

$721

$1,500

$2,278

Median Norris City Tax Bill

$741

Median Hamilton County Tax Bill

$1,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Norris City, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62869	$436	$568	$741	$1,664	$2,419

Source: Ownwell