Springerton, Hamilton County, Illinois Property Taxes

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

Median Springerton, IL effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Springerton, IL home value: $81,874
Median annual Springerton, IL tax bill: $1,368, $1,032 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Springerton, Hamilton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.57%

Estimate Property Tax Bill

$1,285

$1,193

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

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

In Springerton, located in Hamilton County, IL, the property tax rate stands out when compared to other cities in Illinois and the national average. The median property tax rate in Illinois is notably higher than the national median rate of 1.02%. This difference can impact homeowners by increasing their annual property tax bills compared to the national median bill of $2,400. Understanding these rates and how they compare to both state and national averages can be crucial for property owners looking to manage their tax liabilities effectively. By staying informed, residents can better navigate the complexities of property taxes and potentially explore avenues for appealing or reducing their tax burdens.

Property Tax Rates Across Springerton, 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 Springerton Taxx Rate

1.57%

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 Springerton, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62887	0.32%	1.22%	1.57%	1.73%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Springerton, Hamilton County, Illinois

When examining property taxes in Springerton, 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 March. 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 Springerton.

For example, the median home price in Springerton is $81,874, with tax bills ranging significantly across the county. ZIP code 62887 has the highest median home price at $81,874.

Property Tax Assessment Values Across Springerton, Hamilton County, Illinois

Source: Ownwell

$48,474

$84,645

$120,816

Median Springerton Market Value

$81,874

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 Springerton, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62887	$14,546	$49,332	$81,874	$145,561	$211,186

Source: Ownwell

Property Tax Bills Across Springerton, Hamilton County, Illinois

In Springerton, located in Hamilton County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $81,874, homeowners face varying tax bills. The 25th percentile tax bill is $394, while the 75th and 90th percentiles are $2,427 and $3,463, respectively. These figures illustrate the disparity in tax burdens among homeowners, with some paying significantly more than others. Compared to the national median property tax bill of $2,400, Springerton's taxes can be both lower and higher, depending on the property. Factors such as local tax rates and assessment accuracy influence the final bill, impacting homeowners financially. Ownwell offers a solution by helping homeowners appeal their property tax assessments. By identifying potential savings and ensuring fair assessments, Ownwell can reduce the tax burden on homeowners, making property ownership more affordable and equitable in Springerton.

Property Tax Bills Across Springerton, Hamilton County, Illinois

Source: Ownwell

$721

$1,500

$2,278

Median Springerton Tax Bill

$1,368

Median Hamilton County Tax Bill

$1,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Springerton, Hamilton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62887	$127	$394	$1,368	$2,427	$3,463

Source: Ownwell