Golconda, Hardin County, Illinois Property Taxes

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

Median Golconda, IL effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Golconda, IL home value: $50,712
Median annual Golconda, IL tax bill: $582, $1,818 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin County calculated?

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

Last Updated March 1, 2025

Golconda, Hardin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$674

$626

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

Local government entities set tax rates, which can vary widely within a state. Why? Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Golconda’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. With a median property tax rate of 1.33%, Hardin County, where Golconda is located, aligns with the highest and lowest rates in the state. This rate is above the national median of 1.02%, indicating a higher tax burden compared to the national average. The median property tax bill in Hardin County is also higher than the national median, reflecting the county's need to fund local services. Understanding these rates can help property owners in Golconda make informed decisions about their investments and potential tax obligations.

Property Tax Rates Across Golconda, 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 Golconda Taxx Rate

1.33%

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 Golconda, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62938	0.44%	0.93%	1.33%	1.76%	1.76%

Source: Ownwell

Property Tax Assessment Values Across Golconda, Hardin County, Illinois

When examining property taxes in Golconda, 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 Golconda.

For example, the median home price in Golconda is $50,712, with tax bills ranging significantly across the county. Zip code 62938 has the highest median home price at $50,712.

Property Tax Assessment Values Across Golconda, Hardin County, Illinois

Source: Ownwell

$30,804

$40,758

$50,712

Median Golconda Market Value

$50,712

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 Golconda, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62938	$8,712	$23,162	$50,712	$69,372	$97,854

Source: Ownwell

Property Tax Bills Across Golconda, Hardin County, Illinois

In Golconda, located in Hardin County, IL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $50,712, homeowners in Golconda face varying tax bills. The 25th percentile tax bill stands at $208, while the 75th percentile reaches $976, and the 90th percentile is $1,366. These figures highlight the range of property tax burdens homeowners may experience. The median tax bill in the area is $582, which is significantly lower than the national median property tax bill of $2,400.

Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners can find these costs burdensome, particularly if their property's assessed value increases. Ownwell offers valuable assistance by identifying potential exemptions and filing appeals to ensure homeowners pay only their fair share. By leveraging expert knowledge, Ownwell can help reduce property tax bills, providing financial relief and peace of mind to homeowners in Golconda.

Property Tax Bills Across Golconda, Hardin County, Illinois

Source: Ownwell

$411

$497

$582

Median Golconda Tax Bill

$582

Median Hardin County Tax Bill

$437

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Golconda, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62938	$117	$208	$582	$976	$1,366

Source: Ownwell