Henry County, Illinois Property Taxes

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

Median Henry County effective property tax rate: 2.38%, significantly higher than the national median of 1.02%.
Median Henry County home value: $112,041
Median annual Henry County tax bill: $2,634, $234 higher than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

Property taxes in Henry County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Kewanee or another part of Henry County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$2,667

$2,475

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

By entering your property's estimated assessed value, our calculator applies Henry County’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 more 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 Henry County.

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

Property Tax Rates Across Henry County, Illinois

Local government entities set property tax rates, which can vary widely within a state like Illinois. Each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process involves votes and laws but is fundamentally about balancing budget needs with property values.

In Henry County, the effective property tax rate stands at 2.38%, significantly higher than the national median property tax rate of 1.02%. This means property owners in Henry County might find themselves paying more compared to the average U.S. property owner. Within Illinois, Kewanee boasts the highest median tax rate at 2.55%, while Bishop Hill offers some relief with the lowest at 1.96%. Understanding these differences can help property owners make informed decisions about appeals and exemptions. Whether you're comparing Henry County's rate to other counties in Illinois or to the national median, these figures highlight the importance of staying informed about local property tax trends.

Property Tax Rates Across Henry County, Illinois

Source: Ownwell

1.96%

2.25%

2.55%

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 Henry County Tax Rate

2.38%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Henry County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alpha	1.58%	2.06%	2.33%	2.66%	2.77%
Altona	1.72%	1.99%	2.30%	2.49%	2.49%
Andover	1.57%	1.99%	2.19%	2.33%	2.59%
Annawan	1.68%	2.13%	2.40%	2.51%	2.78%
Atkinson	1.63%	2.05%	2.28%	2.47%	2.64%
Bishop Hill	1.02%	1.45%	1.96%	2.59%	2.59%
Cambridge	1.76%	2.21%	2.50%	2.69%	3.05%
Cleveland	1.32%	1.80%	1.99%	2.15%	2.36%
Coal Valley	1.96%	2.16%	2.30%	2.42%	2.50%
Colona	1.79%	2.11%	2.46%	2.73%	3.25%
Erie	1.38%	1.90%	2.27%	2.52%	2.59%
Galva	1.47%	2.03%	2.44%	3.04%	3.42%
Geneseo	1.90%	2.16%	2.33%	2.46%	2.71%
Hooppole	0.97%	1.63%	2.07%	2.84%	2.84%
Kewanee	1.30%	1.92%	2.55%	3.69%	3.75%
Lynn Center	1.88%	2.21%	2.41%	2.60%	2.63%
New Windsor	2.05%	2.25%	2.43%	2.66%	2.66%
Ophiem	1.07%	2.02%	2.28%	2.75%	2.79%
Orion	1.78%	2.07%	2.22%	2.36%	2.47%
Osco	1.77%	2.12%	2.41%	2.61%	2.67%
Prophetstown	1.85%	2.18%	2.46%	2.59%	2.69%
Sheffield	1.99%	2.19%	2.41%	2.48%	2.48%
Tampico	2.15%	2.27%	2.42%	2.64%	2.69%
Woodhull	1.52%	2.07%	2.34%	2.63%	2.80%
Green Rock	N/A	N/A	N/A	N/A	N/A
Mineral	N/A	N/A	N/A	N/A	N/A
Toulon	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Henry County, Illinois

When examining property taxes in Henry County, 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 Henry County Assessor 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 Henry 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 Henry County. For example, the median tax bill in Henry County is $2,400, with tax bills ranging significantly across the county. Coal Valley has the highest median home price at $244,998.

Property Tax Assessment Values Across Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Henry County Market Value

$112,041

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Henry County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alpha	$41,503	$71,634	$104,247	$159,774	$226,543
Altona	$60,471	$79,048	$110,616	$219,042	$354,208
Andover	$69,250	$98,557	$132,494	$166,815	$205,025
Annawan	$57,828	$83,877	$121,443	$180,708	$276,986
Atkinson	$56,885	$83,889	$126,222	$175,866	$271,312
Bishop Hill	$30,929	$53,694	$77,964	$112,893	$157,196
Cambridge	$52,350	$81,085	$114,159	$165,092	$255,348
Cleveland	$61,429	$75,852	$120,534	$180,192	$201,209
Coal Valley	$113,754	$184,596	$244,998	$350,262	$439,772
Colona	$62,077	$89,343	$128,454	$178,254	$229,667
Erie	$30,319	$90,912	$183,555	$254,592	$402,856
Galva	$30,509	$48,807	$70,803	$105,927	$169,091
Geneseo	$81,047	$119,121	$171,546	$239,404	$324,411
Hooppole	$28,076	$43,657	$61,143	$74,142	$98,509
Kewanee	$22,830	$33,836	$49,584	$80,701	$139,361
Lynn Center	$55,826	$111,728	$172,461	$251,698	$361,820
New Windsor	$73,071	$130,284	$173,684	$228,479	$318,888
Ophiem	$17,181	$51,669	$81,080	$117,704	$136,698
Orion	$83,946	$119,719	$159,404	$211,688	$288,828
Osco	$57,040	$91,433	$126,978	$266,178	$401,686
Prophetstown	$54,386	$85,466	$131,308	$204,392	$295,477
Sheffield	$88,340	$115,436	$193,314	$273,897	$340,414
Tampico	$93,172	$114,494	$145,108	$190,623	$234,186
Woodhull	$42,302	$74,394	$106,800	$151,005	$207,290
Green Rock	N/A	N/A	N/A	N/A	N/A
Mineral	N/A	N/A	N/A	N/A	N/A
Toulon	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Henry County, Illinois

In Henry County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in the county stands at $112,041. Homeowners in this region experience a broad range of tax bills, with the 25th percentile at $1,404 and the 75th percentile reaching $4,276. At the high end, the 90th percentile tax bill is $6,392. These figures illustrate the variability in property taxes, influenced by factors such as property location and assessed value. For instance, Coal Valley boasts the highest median tax bill at $5,345, while Hooppole has the lowest at $1,211. This disparity highlights how local factors can significantly impact tax obligations. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Henry County's figures reflect both higher and lower ends of the spectrum. Understanding these dynamics is crucial for homeowners, as property taxes can affect overall housing affordability and financial planning.

Property Tax Bills Across Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Henry County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alpha	$758	$1,408	$2,310	$3,595	$5,544
Altona	$892	$1,371	$2,512	$5,471	$8,232
Andover	$1,295	$1,815	$2,826	$3,637	$4,667
Annawan	$977	$1,810	$2,699	$4,379	$6,866
Atkinson	$988	$1,720	$2,690	$4,031	$6,238
Bishop Hill	$453	$711	$1,359	$2,293	$3,969
Cambridge	$1,037	$1,781	$2,707	$4,230	$6,712
Cleveland	$899	$1,454	$2,279	$3,474	$4,229
Coal Valley	$2,213	$3,762	$5,345	$8,188	$10,714
Colona	$1,282	$2,093	$3,119	$4,293	$5,502
Erie	$529	$1,159	$2,964	$6,046	$9,111
Galva	$576	$1,051	$1,661	$2,686	$4,408
Geneseo	$1,683	$2,609	$3,871	$5,541	$7,734
Hooppole	$267	$667	$1,211	$1,589	$2,083
Kewanee	$385	$718	$1,266	$2,223	$3,867
Lynn Center	$1,229	$2,374	$4,007	$6,226	$9,385
New Windsor	$1,501	$3,050	$4,186	$5,029	$8,226
Ophiem	$274	$859	$1,714	$2,576	$3,291
Orion	$1,576	$2,453	$3,382	$4,695	$6,618
Osco	$1,134	$1,896	$2,996	$6,385	$10,604
Prophetstown	$1,198	$1,894	$3,042	$4,930	$7,538
Sheffield	$1,953	$2,549	$4,285	$6,650	$7,652
Tampico	$2,172	$2,630	$3,336	$4,421	$6,216
Woodhull	$755	$1,495	$2,340	$3,542	$5,206
Green Rock	N/A	N/A	N/A	N/A	N/A
Mineral	N/A	N/A	N/A	N/A	N/A
Toulon	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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