Hancock County, Illinois Property Taxes

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

Median Hancock County effective property tax rate: 2.85%, significantly higher than the national median of 1.02%.
Median Hancock County home value: $54,669
Median annual Hancock County tax bill: $1,522, $878 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock County calculated?

Property taxes in Hancock County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Carthage or another part of Hancock County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hancock County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.85%

Estimate Property Tax Bill

$1,558

$1,446

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

Property Tax Rates Across Hancock County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budgets to provide services and then divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual procedure in a nutshell.

Hancock County, IL, has an effective property tax rate of 2.85%, which is considerably higher than the national median property tax rate of 1.02%. Comparatively, the highest median tax rate in the county is found in La Harpe at 3.28%, while Niota has the lowest at 2.37%. These figures highlight the significant variation in property tax rates within the county itself.

For property owners, understanding these rates is crucial as they directly impact annual tax bills. With Hancock County's rate being notably above the national median, property owners may find value in exploring potential tax appeal opportunities to ensure fair assessments.

Property Tax Rates Across Hancock County, Illinois

Source: Ownwell

2.37%

2.83%

3.28%

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 Hancock County Tax Rate

2.85%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hancock County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Carthage	2.51%	2.64%	2.87%	2.87%	2.87%
Hamilton	2.36%	2.82%	2.98%	2.98%	2.98%
La Harpe	2.13%	3.28%	3.28%	3.28%	3.28%
Nauvoo	2.34%	2.85%	2.85%	2.85%	2.85%
Niota	2.22%	2.31%	2.37%	2.44%	2.58%
Plymouth	2.79%	2.79%	2.79%	2.79%	2.79%
Augusta	N/A	N/A	N/A	N/A	N/A
Basco	N/A	N/A	N/A	N/A	N/A
Bowen	N/A	N/A	N/A	N/A	N/A
Burnside	N/A	N/A	N/A	N/A	N/A
Dallas City	N/A	N/A	N/A	N/A	N/A
Mendon	N/A	N/A	N/A	N/A	N/A
Sutter	N/A	N/A	N/A	N/A	N/A
Warsaw	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hancock County, Illinois

When examining property taxes in Hancock County, 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 Hancock County Assessor's 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.

Assessment notices:

In Hancock 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 Hancock County. For example, the median tax bill in Hancock County is $2,388, with tax bills ranging significantly across the county. Nauvoo has the highest median home price at $88,542.

Property Tax Assessment Values Across Hancock County, Illinois

Source: Ownwell

$14,504

$51,523

$88,542

Median Hancock County Market Value

$54,669

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hancock County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Carthage	$14,105	$35,930	$52,264	$79,752	$110,823
Hamilton	$19,802	$36,060	$76,188	$144,510	$218,296
La Harpe	$3,000	$11,924	$34,822	$57,832	$90,123
Nauvoo	$47,560	$59,820	$88,542	$143,925	$223,679
Niota	$27,225	$37,184	$62,538	$81,916	$86,482
Plymouth	$2,811	$10,043	$14,504	$37,583	$41,934
Augusta	N/A	N/A	N/A	N/A	N/A
Basco	N/A	N/A	N/A	N/A	N/A
Bowen	N/A	N/A	N/A	N/A	N/A
Burnside	N/A	N/A	N/A	N/A	N/A
Dallas City	N/A	N/A	N/A	N/A	N/A
Mendon	N/A	N/A	N/A	N/A	N/A
Sutter	N/A	N/A	N/A	N/A	N/A
Warsaw	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hancock County, Illinois

Property tax bills in Hancock County, IL, are determined by assessing the property's market value and applying the local tax rate. The county's median home price is $54,669. Tax rates are applied to this assessed value to calculate the annual property tax bill. In Hancock County, the median property tax bill is notably below the national median of $2,400. Homeowners in the 25th percentile pay approximately $769, while those in the 75th percentile face bills around $2,468. The 90th percentile sees tax bills reaching up to $4,546. The highest median tax bill in the county is found in Nauvoo, at $2,388, which is still below the national average. Conversely, Plymouth has the lowest median tax bill at $404. These variations highlight how local factors such as property value and tax rates impact homeowners differently. Understanding these factors is crucial for homeowners as property taxes significantly influence the overall cost of owning a home in Hancock County.

Property Tax Bills Across Hancock County, Illinois

Source: Ownwell

$404

$1,396

$2,388

Median Hancock County Tax Bill

$1,522

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hancock County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Carthage	$393	$1,032	$1,470	$2,130	$3,183
Hamilton	$590	$1,074	$2,270	$4,038	$6,257
La Harpe	$85	$140	$946	$1,930	$2,988
Nauvoo	$1,278	$1,697	$2,388	$3,937	$5,557
Niota	$629	$858	$1,358	$1,870	$2,097
Plymouth	$78	$280	$404	$1,014	$1,156
Augusta	N/A	N/A	N/A	N/A	N/A
Basco	N/A	N/A	N/A	N/A	N/A
Bowen	N/A	N/A	N/A	N/A	N/A
Burnside	N/A	N/A	N/A	N/A	N/A
Dallas City	N/A	N/A	N/A	N/A	N/A
Mendon	N/A	N/A	N/A	N/A	N/A
Sutter	N/A	N/A	N/A	N/A	N/A
Warsaw	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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