Andover, Henry County, Illinois Property Taxes

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

Median Andover, IL effective property tax rate: 2.19%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Andover, IL home value: $132,494
Median annual Andover, IL tax bill: $2,826, $426 higher than the national median property tax bill of $2,400.

How are property taxes in Henry calculated?

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

Last Updated March 1, 2025

Andover, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.19%

Estimate Property Tax Bill

$2,902

$2,693

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

Local government entities set tax rates, which can vary widely within a state. 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.

Andover in Henry County, IL, stands out with an effective property tax rate of 2.19%, notably higher than the national median of 1.02%. This rate is consistent across the region, as evidenced by the highest and lowest median tax rates both being 2.19% in the same zip code. When compared to other cities in Illinois and the national average, Andover's rate highlights the significant variability in property tax rates even within a single state. Residents in Andover face a property tax bill that is considerably above the national median of $2,400, reflecting the local government's budgeting needs and property value assessments. Understanding these nuances is crucial for property owners considering tax appeal and exemption services.

Property Tax Rates Across Andover, 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 Andover Tax Rate

2.19%

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 Andover, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61233	1.57%	1.99%	2.19%	2.33%	2.59%

Source: Ownwell

Property Tax Assessment Values Across Andover, Henry County, Illinois

When examining property taxes in Andover, 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 Assessment Office 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 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 Andover. For example, the median home price in Andover is $132,494, with tax bills ranging significantly across the county. 61233 has the highest median home price at $132,494.

Property Tax Assessment Values Across Andover, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Andover Market Value

$132,494

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 Andover, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61233	$69,250	$98,557	$132,494	$166,815	$205,025

Source: Ownwell

Property Tax Bills Across Andover, Henry County, Illinois

In Andover, located in Henry County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the property's market value. The median home price in Andover stands at $132,494, with property tax rates applied to this assessed value. Homeowners in this area can expect tax bills to vary significantly, with the 25th percentile at $1,815 and the 75th percentile reaching $3,637. Notably, the 90th percentile tax bill can go as high as $4,667. Compared to the national median property tax bill of $2,400, Andover's tax bills can be considerably higher, impacting homeowners' financial planning and budgeting. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, potentially reducing these burdensome tax bills. By leveraging local expertise and understanding of tax regulations, Ownwell helps homeowners navigate the complexities of property tax assessments, ensuring they do not overpay and can save significantly on their property tax obligations.

Property Tax Bills Across Andover, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Andover Tax Bill

$2,826

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Andover, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61233	$1,295	$1,815	$2,826	$3,637	$4,667

Source: Ownwell