Atkinson, Henry County, Illinois Property Taxes

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

Median Atkinson, IL effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Atkinson, IL home value: $126,222. Median annual Atkinson, IL tax bill: $2,690, $290 higher than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

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

Last Updated March 1, 2025

Atkinson, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$2,878

$2,671

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

Local government entities determine property tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable properties in the area. This process results in the property tax rate. Although laws and votes play a role in setting these rates and budgets, this is the basic annual procedure.

In Atkinson, located in Henry County, Illinois, the effective property tax rate is 2.28%. This rate is significantly higher than the national median property tax rate of 1.02%. The property tax bill in Atkinson reflects this difference, often exceeding the national median property tax bill of $2,400. Compared to other cities in Illinois, Atkinson’s property tax rate is on the higher end of the spectrum, aligning with the highest median tax rate in the state. This highlights the variation in property tax rates not only within Illinois but also when compared to the national average. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Atkinson, 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 Atkinson Tax Rate

2.28%

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 Atkinson, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61235	1.63%	2.05%	2.28%	2.47%	2.64%

Source: Ownwell

Property Tax Assessment Values Across Atkinson, Henry County, Illinois

When examining property taxes in Atkinson, 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 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 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 Atkinson. For example, the median home price in Atkinson is $126,222, with tax bills ranging significantly across the county. ZIP code 61235 has the highest median home price at $126,222.

Property Tax Assessment Values Across Atkinson, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Atkinson Market Value

$126,222

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 Atkinson, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61235	$56,885	$83,889	$126,222	$175,866	$271,312

Source: Ownwell

Property Tax Bills Across Atkinson, Henry County, Illinois

In Atkinson, 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 annual tax bill. Homeowners in Atkinson experience a median property tax bill of $2,690, which aligns with the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,720 and the 90th percentile reaching up to $6,238. These variations are influenced by factors such as property location, size, and local tax levies. High property taxes can place a financial burden on homeowners, making it crucial to ensure their assessments are accurate. Ownwell offers property tax appeal services to help homeowners potentially reduce their tax burdens. By analyzing property assessments and market data, Ownwell identifies discrepancies and advocates on behalf of homeowners to secure fair and equitable tax bills. This service can lead to significant savings for homeowners in Atkinson.

Property Tax Bills Across Atkinson, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Atkinson Tax Bill

$2,690

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Atkinson, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61235	$988	$1,720	$2,690	$4,031	$6,238

Source: Ownwell