La Harpe, Hancock County, Illinois Property Taxes

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

Median LA HARPE, IL effective property tax rate: 3.28%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median LA HARPE, IL home value: $34,822
Median annual LA HARPE, IL tax bill: $946, $1,454 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

La Harpe, Hancock County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.28%

Estimate Property Tax Bill

$1,142

$1,060

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

Property Tax Rates Across La Harpe, Hancock County, Illinois

Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws influence tax rates and budgets, this is the basic process.

In LA HARPE, located in Hancock County, property tax rates are notably higher than the national median. With a median property tax rate of 3.28%, LA HARPE's rate stands out in Illinois, where tax rates can differ significantly between regions. When compared to the national median property tax rate of 1.02%, it's evident that property owners in LA HARPE face a considerably higher tax burden. This difference highlights the importance of understanding local tax structures and seeking professional assistance when navigating property tax appeals and exemptions. By doing so, property owners can potentially reduce their tax liabilities and ensure they are not overpaying.

Property Tax Rates Across La Harpe, 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 La Harpe Tax Rate

3.28%

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 La Harpe, Hancock County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61450	2.13%	3.28%	3.28%	3.28%	3.28%

Source: Ownwell

Property Tax Assessment Values Across La Harpe, Hancock County, Illinois

When examining property taxes in LA HARPE, 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 Hancock 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 Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 LA HARPE.

For example, the median home price in LA HARPE is $34,822, with tax bills ranging significantly across the county. The zip code 61450 has the highest median home price at $34,822.

Property Tax Assessment Values Across La Harpe, Hancock County, Illinois

Source: Ownwell

$14,504

$51,523

$88,542

Median La Harpe Market Value

$34,822

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 La Harpe, Hancock County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61450	$3,000	$11,924	$34,822	$57,832	$90,123

Source: Ownwell

Property Tax Bills Across La Harpe, Hancock County, Illinois

In La Harpe, Hancock County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in La Harpe is $34,822, and with the national median property tax rate at 1.02%, homeowners in La Harpe can expect varying tax bills. For instance, the 25th percentile tax bill is $140, while the 75th percentile reaches $1,930. The 90th percentile tax bill is significantly higher at $2,988, indicating that some homeowners may face substantial tax burdens. This variability can affect homeowners' financial planning and overall cost of living. Ownwell offers property tax appeal and exemption services to help homeowners in La Harpe potentially reduce their tax bills. By leveraging local expertise and a deep understanding of the assessment process, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share in property taxes.

Property Tax Bills Across La Harpe, Hancock County, Illinois

Source: Ownwell

$404

$1,396

$2,388

Median La Harpe Tax Bill

$946

Median Hancock County Tax Bill

$1,522

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across La Harpe, Hancock County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61450	$85	$140	$946	$1,930	$2,988

Source: Ownwell