Elizabethtown, Hardin County, Illinois Property Taxes

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

Median Elizabethtown, IL effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Elizabethtown, IL home value: $33,711
Median annual Elizabethtown, IL tax bill: $472, $1,928 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin County calculated?

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

Last Updated March 1, 2025

Elizabethtown, Hardin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.65%

Estimate Property Tax Bill

$556

$516

Ownwell’s Elizabethtown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elizabethtown with just two data points. By entering your property's estimated assessed value, our calculator applies Elizabethtown’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 Elizabethtown, Hardin County, Illinois

Local government entities in Illinois set their own tax rates, leading to significant variation across the state. Each county determines its annual budget needs to provide essential services and then divides this by the total value of all taxable properties within its area. This process establishes the property tax rate. While laws and voting influence these decisions, this is essentially how the system operates each year.

In Elizabethtown, located in Hardin County, property tax rates reflect this localized approach. When comparing Elizabethtown’s effective property tax rate to other cities in Illinois and the rest of the country, it becomes evident that Illinois generally has higher property tax rates. The median property tax rate in Illinois is 1.65%, which is considerably above the national median of 1.02%. This means that property owners in Elizabethtown and across Illinois may face higher tax bills compared to the national average, highlighting the importance of understanding local tax rates and the potential benefits of property tax appeal services.

Property Tax Rates Across Elizabethtown, 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 Elizabethtown Taxx Rate

1.65%

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 Elizabethtown, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62931	0.52%	1.02%	1.65%	1.76%	1.82%

Source: Ownwell

Property Tax Assessment Values Across Elizabethtown, Hardin County, Illinois

When examining property taxes in Elizabethtown, 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 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 Elizabethtown. For example, the median home price in Elizabethtown is $33,711, with tax bills ranging significantly across the county. Zip code 62931 has the highest median home price at $33,711.

Property Tax Assessment Values Across Elizabethtown, Hardin County, Illinois

Source: Ownwell

$30,804

$40,758

$50,712

Median Elizabethtown Market Value

$33,711

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 Elizabethtown, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62931	$5,915	$15,464	$33,711	$67,500	$104,977

Source: Ownwell

Property Tax Bills Across Elizabethtown, Hardin County, Illinois

In Elizabethtown, located in Hardin County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as home size, location, and market conditions influence the assessed value. With a median home price of $33,711, Elizabethtown homeowners face property tax bills that can significantly impact their finances. The tax bill at the 25th percentile is $189, while at the 75th percentile, it rises to $960, and at the 90th percentile, it reaches $1,636. These figures are notably lower than the national median property tax bill of $2,400, providing a relatively affordable option for homeowners. However, even modest savings can be crucial for homeowners. That's where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell can help homeowners in Elizabethtown potentially reduce their property tax bills, ensuring they pay only what is fair.

Property Tax Bills Across Elizabethtown, Hardin County, Illinois

Source: Ownwell

$411

$497

$582

Median Elizabethtown Tax Bill

$472

Median Hardin County Tax Bill

$437

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Elizabethtown, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62931	$86	$189	$472	$960	$1,636

Source: Ownwell