Cave In Rock, Hardin County, Illinois Property Taxes

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

Median CAVE IN ROCK, IL effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median CAVE IN ROCK, IL home value: $30,804
Median annual CAVE IN ROCK, IL tax bill: $411, $1,989 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin calculated?

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

Last Updated March 1, 2025

Cave In Rock, Hardin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$542

$503

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

By entering your property's estimated assessed value, our calculator applies Cave In Rock’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 Hardin County.

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

Property Tax Rates Across Cave In Rock, Hardin County, Illinois

Local government entities determine property tax rates, which can differ significantly across a state. Each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Despite the involvement of votes and laws in setting these rates and budgets, this is essentially how the process unfolds each year.

Cave In Rock in Hardin County, Illinois, has an effective property tax rate of 1.76%, which stands out when compared to other cities in the state. This rate is notably higher than the national median property tax rate of 1.02%. The property tax bill for residents in Cave In Rock also tends to be above the national median of $2400. Such a rate reflects the local government's budgetary needs and the total value of taxable properties in the area. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Cave In Rock, Hardin County, Illinois

Source: Ownwell

1.33%

1.55%

1.76%

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 Cave In Rock Taxx Rate

1.76%

Median Effective Hardin County Taxx Rate

1.76%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Cave In Rock, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62919	0.70%	1.12%	1.76%	1.84%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Cave In Rock, Hardin County, Illinois

When examining property taxes in Cave In Rock, 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 Hardin 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 Hardin 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 Cave In Rock. For example, the median home price in Cave In Rock is $30,804, with tax bills ranging significantly across the county. Zip code 62919 has the highest median home price at $30,804.

Property Tax Assessment Values Across Cave In Rock, Hardin County, Illinois

Source: Ownwell

$30,804

$40,758

$50,712

Median Cave In Rock Market Value

$30,804

Median Hardin County Market Value

$33,028

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Cave In Rock, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62919	$6,278	$13,906	$30,804	$58,791	$87,892

Source: Ownwell

Property Tax Bills Across Cave In Rock, Hardin County, Illinois

In Cave In Rock, located in Hardin County, IL, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and this percentage can vary by jurisdiction. The local tax rate is determined by the county and other taxing authorities to fund public services such as schools and infrastructure. Homeowners in Cave In Rock face a median property tax bill of approximately $411, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $178 and the 90th percentile reaching $1,290. These variations are influenced by factors such as property location and changes in assessed value. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and comparable local data, Ownwell helps ensure homeowners are not overpaying and that their tax bills accurately reflect their property's value.

Property Tax Bills Across Cave In Rock, Hardin County, Illinois

Source: Ownwell

$411

$497

$582

Median Cave In Rock Tax Bill

$411

Median Hardin County Tax Bill

$437

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Cave In Rock, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62919	$91	$178	$411	$827	$1,290

Source: Ownwell