Herod, Hardin County, Illinois Property Taxes

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

Median Herod, IL effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Herod, IL home value: $37,179
Median annual Herod, IL tax bill: $558, $1,842 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin County calculated?

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

Last Updated March 1, 2025

Herod, Hardin County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$517

$480

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

Local government entities set tax rates, which can vary widely within a state. This variation arises because 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 Herod’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Herod, 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 Herod Taxx Rate

1.39%

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 Herod, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62947	0.39%	0.83%	1.39%	1.76%	2.28%

Source: Ownwell

Property Tax Assessment Values Across Herod, Hardin County, Illinois

When examining property taxes in Herod, 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. Assessment notices: In Hardin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Herod. For example, the median home price in Herod is $37,179, with tax bills ranging significantly across the county. 62947 has the highest median home price at $37,179.

Property Tax Assessment Values Across Herod, Hardin County, Illinois

Source: Ownwell

$30,804

$40,758

$50,712

Median Herod Market Value

$37,179

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 Herod, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62947	$6,832	$16,635	$37,179	$67,534	$104,620

Source: Ownwell

Property Tax Bills Across Herod, Hardin County, Illinois

Property tax bills in Herod, located in Hardin County, IL, are calculated based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Herod, the median home price is $37,179. Tax bills can vary significantly, with the 25th percentile at $167 and the 75th percentile at $1,023, reflecting differences in property values and applicable exemptions. The highest and lowest median tax bill in the area is $558, indicating some consistency in tax assessments within the zip code 62947. Compared to the national median property tax bill of $2,400, Herod's taxes are considerably lower, potentially due to lower property values. Homeowners may find their tax burdens challenging, especially if property values rise. Ownwell assists homeowners by identifying potential savings through tax appeals and exemptions, ensuring they pay only their fair share and maximizing their savings on property tax bills.

Property Tax Bills Across Herod, Hardin County, Illinois

Source: Ownwell

$411

$497

$582

Median Herod Tax Bill

$558

Median Hardin County Tax Bill

$437

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Herod, Hardin County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62947	$63	$167	$558	$1,023	$1,429

Source: Ownwell