Hardin County Property Taxes
The median property tax rate in Hardin County is 1.76%, which is significantly higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With the median home value in Hardin County, the typical annual property tax bill reaches $437, which is considerably lower than the national median of $2,690. Property taxes in Hardin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hardin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Elizabethtown or another part of Hardin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardin County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Hardin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hardin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hardin County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hardin County, Illinois
Property taxes in Hardin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hardin County is 1.76%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Hardin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hardin County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hardin County's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Cave In Rock has one of the higher property tax rates in Illinois at 1.76%, while the city of Golconda boasts one of the lowest at 1.33%. Analyzing how Hardin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hardin County Tax Rate
1.76%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardin County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cave In Rock | 0.70% | 1.12% | 1.76% | 1.84% | 1.84% |
| Elizabethtown | 0.52% | 1.02% | 1.65% | 1.76% | 1.82% |
| Golconda | 0.44% | 0.93% | 1.33% | 1.76% | 1.76% |
| Herod | 0.39% | 0.83% | 1.39% | 1.76% | 2.28% |
| Karbers Ridge | 1.20% | 1.29% | 1.45% | 1.61% | 1.70% |
| Rosiclare | 0.53% | 1.03% | 1.76% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Hardin County, Illinois
In Hardin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hardin County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hardin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Cities within Hardin County show varied tax burdens, with Karbers Ridge having the highest median tax bill at $944, while Cave in Rock has the lowest at $411. Being aware of these valuation processes in Hardin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hardin County Assessed Value
$33,028
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardin County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cave In Rock | $6,278 | $13,906 | $30,804 | $58,791 | $87,892 |
| Elizabethtown | $5,915 | $15,464 | $33,711 | $67,500 | $104,977 |
| Golconda | $8,712 | $23,162 | $50,712 | $69,372 | $97,854 |
| Herod | $6,832 | $16,635 | $37,179 | $67,534 | $104,620 |
| Karbers Ridge | $52,956 | $56,543 | $62,522 | $68,500 | $72,087 |
| Rosiclare | $7,948 | $16,350 | $31,080 | $48,255 | $75,527 |
Source: Ownwell
Property Tax Bills Across Hardin County, Illinois
In Hardin County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Various factors, including the home's location, size, and condition, influence this assessment. After the assessed value is established, local tax rates, known as millage rates, are applied to calculate the tax bill. Homeowners in Hardin County experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $191, while at the 75th percentile, it rises to $853. At the 90th percentile, homeowners can expect a tax bill of $1,414. The highest median tax bill in the county is found in Karbers Ridge at $944, whereas Cave In Rock has the lowest median tax bill at $411. Compared to the national median property tax rate of 0.99%, these figures illustrate the variability within the county, affecting homeowners differently based on their property's assessed value and location.
Average Hardin County Tax Bill
$437
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardin County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cave In Rock | $91 | $178 | $411 | $827 | $1,290 |
| Elizabethtown | $86 | $189 | $472 | $960 | $1,636 |
| Golconda | $117 | $208 | $582 | $976 | $1,366 |
| Herod | $63 | $167 | $558 | $1,023 | $1,429 |
| Karbers Ridge | $648 | $759 | $944 | $1,129 | $1,240 |
| Rosiclare | $97 | $196 | $422 | $740 | $1,190 |
Source: Ownwell