Alpha, Henry County, Illinois Property Taxes

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

Median ALPHA, IL effective property tax rate: 2.33%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median ALPHA, IL home value: $104,247
Median annual ALPHA, IL tax bill: $2,310, $90 lower than the national median property tax bill of $2,400.

How are property taxes in Henry calculated?

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

Last Updated March 1, 2025

Alpha, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.33%

Estimate Property Tax Bill

$2,429

$2,254

Ownwell’s ALPHA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ALPHA with just two data points. By entering your property's estimated assessed value, our calculator applies ALPHA’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 Henry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alpha, Henry County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget to provide services and dividing 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 ALPHA’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 Alpha, 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 Alpha Tax Rate

2.33%

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 Alpha, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61413	1.58%	2.06%	2.33%	2.66%	2.77%

Source: Ownwell

Property Tax Assessment Values Across Alpha, Henry County, Illinois

When examining property taxes in ALPHA, 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 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: 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 ALPHA. For example, the median home price in ALPHA is $104,247, with tax bills ranging significantly across the county. 61413 has the highest median home price at $104,247.

Property Tax Assessment Values Across Alpha, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Alpha Market Value

$104,247

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 Alpha, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61413	$41,503	$71,634	$104,247	$159,774	$226,543

Source: Ownwell

Property Tax Bills Across Alpha, Henry County, Illinois

In ALPHA, located in Henry County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as local government budgets and school funding needs influence these rates, impacting homeowners' annual tax obligations. With a median home price of $104,247, homeowners in ALPHA face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,408, while the 75th percentile reaches $3,595, and the 90th percentile climbs to $5,544. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions, potentially lowering their tax bills. By leveraging expert knowledge and local data, Ownwell can assist homeowners in navigating the complex tax landscape, ensuring they pay only their fair share.

Property Tax Bills Across Alpha, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Alpha Tax Bill

$2,310

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Alpha, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61413	$758	$1,408	$2,310	$3,595	$5,544

Source: Ownwell