Nauvoo, Hancock County, Illinois Property Taxes

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

Median Nauvoo, IL effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Nauvoo, IL home value: $88,542
Median annual Nauvoo, IL tax bill: $2,388, $12 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Nauvoo, 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

$2,523

$2,342

Ownwell’s Nauvoo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nauvoo with just two data points.

By entering your property's estimated assessed value, our calculator applies Nauvoo’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 County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Nauvoo, Hancock County, Illinois

Local government entities set tax rates, leading to significant variations within a state. Each year, counties estimate their required budget for services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Nauvoo, located in Hancock County, Illinois, the effective property tax rate stands out when compared to other cities in the state. Illinois has a median property tax rate significantly above the national median of 1.02%. For residents of Nauvoo, understanding these rates is crucial, as they directly impact the annual property tax bill, which can be a considerable expense.

Comparing Nauvoo’s rates to both the state and national figures provides valuable insight for property owners. With Illinois having one of the highest median property tax rates in the nation, it’s essential for homeowners to stay informed and explore potential property tax appeals or exemptions to manage their financial obligations effectively.

Property Tax Rates Across Nauvoo, 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 Nauvoo Tax Rate

2.85%

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 Nauvoo, Hancock County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62354	2.34%	2.85%	2.85%	2.85%	2.85%

Source: Ownwell

Property Tax Assessment Values Across Nauvoo, Hancock County, Illinois

When examining property taxes in Nauvoo, Illinois, 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.

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 Nauvoo.

For example, the median home price in Nauvoo is $88,542, with tax bills ranging significantly across the county. Zip code 62354 has the highest median home price at $88,542.

Property Tax Assessment Values Across Nauvoo, Hancock County, Illinois

Source: Ownwell

$14,504

$51,523

$88,542

Median Nauvoo Market Value

$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 Nauvoo, Hancock County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62354	$47,560	$59,820	$88,542	$143,925	$223,679

Source: Ownwell

Property Tax Bills Across Nauvoo, Hancock County, Illinois

In Nauvoo, located in Hancock County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $88,542. Homeowners in Nauvoo face a median property tax bill of $2,388, which is close to the national median property tax bill of $2,400. This indicates that property taxes in Nauvoo are fairly aligned with national averages. However, the tax bill can vary significantly, with the 25th percentile at $1,697 and the 75th percentile at $3,937, reaching up to $5,557 for the 90th percentile. These variations depend on factors such as property location, size, and any exemptions or deductions available. Homeowners can potentially save on their property tax bills by appealing their assessments or applying for exemptions. Ownwell offers expert property tax appeal and exemption services, helping homeowners navigate the complexities of property tax regulations, potentially reducing their tax burden and ensuring they pay only what they owe.

Property Tax Bills Across Nauvoo, Hancock County, Illinois

Source: Ownwell

$404

$1,396

$2,388

Median Nauvoo Tax Bill

$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 Nauvoo, Hancock County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62354	$1,278	$1,697	$2,388	$3,937	$5,557

Source: Ownwell