Hooppole, Henry County, Illinois Property Taxes

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

Median Hooppole, IL effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Hooppole, IL home value: $61,143
Median annual Hooppole, IL tax bill: $1,211, $1,189 lower than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

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

Last Updated March 1, 2025

Hooppole, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.07%

Estimate Property Tax Bill

$1,266

$1,174

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. Hoopole in Henry County, Illinois, is an interesting case with its effective property tax rate. Illinois has a median property tax rate of 2.07%, which is significantly higher than the national median of 1.02%. Hoopole's rate reflects the county's approach to balancing budgetary needs with the total assessed property value. This rate is consistent across the city, as evidenced by the uniformity in tax rates across the zip code 61258. For homeowners in Hoopole, understanding how these rates compare to other cities in Illinois and the national average can provide valuable insights into their property tax obligations.

Property Tax Rates Across Hooppole, 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 Hooppole Tax Rate

2.07%

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 Hooppole, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61258	0.97%	1.63%	2.07%	2.84%	2.84%

Source: Ownwell

Property Tax Assessment Values Across Hooppole, Henry County, Illinois

When examining property taxes in Hooppole, 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 April. 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 Hooppole.

For example, the median home price in Hooppole is $61,143, with tax bills ranging significantly across the county. 61258 has the highest median home price at $61,143.

Property Tax Assessment Values Across Hooppole, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Hooppole Market Value

$61,143

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 Hooppole, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61258	$28,076	$43,657	$61,143	$74,142	$98,509

Source: Ownwell

Property Tax Bills Across Hooppole, Henry County, Illinois

In Hooppole, 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. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Hooppole face a median property tax bill of $1,211, which is significantly below the national median of $2,400, offering a relatively affordable tax environment. However, for some, the tax bill can reach up to $2,083, depending on property specifics and local assessments.

Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies or opportunities for exemptions. By leveraging our expertise, homeowners can appeal inaccurate assessments, potentially reducing their tax burden. Our services ensure that homeowners pay only their fair share, providing peace of mind and potential savings in an often complex property tax landscape.

Property Tax Bills Across Hooppole, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Hooppole Tax Bill

$1,211

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hooppole, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61258	$267	$667	$1,211	$1,589	$2,083

Source: Ownwell