Hidalgo, Jasper County, Illinois Property Taxes

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

Median Hidalgo, IL effective property tax rate: 6.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Hidalgo, IL home value: $30,575
Median annual Hidalgo, IL tax bill: $1,847, $553 lower than the national median property tax bill of $2,400.

How are property taxes in Jasper calculated?

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

Last Updated March 1, 2025

Hidalgo, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.83%

Estimate Property Tax Bill

$2,088

$1,938

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

Property Tax Rates Across Hidalgo, Jasper County, Illinois

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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. Below, you can compare Hidalgo’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. In Hidalgo, located in Jasper County, property owners face a median property tax rate of 6.83%. This rate is significantly above the national median of 1.02%. When compared to the national median property tax bill of $2,400, property owners in Hidalgo may find their tax obligations considerably higher. This rate is the highest and lowest within the zip code 62432, indicating uniformity in the tax rate across the area. Understanding these rates can help property owners in Hidalgo make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Hidalgo, Jasper County, Illinois

Source: Ownwell

2.72%

4.95%

7.18%

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 Hidalgo Tax Rate

6.83%

Median Effective Jasper County Tax Rate

6.74%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hidalgo, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62432	2.32%	4.95%	6.83%	8.09%	8.43%

Source: Ownwell

Property Tax Assessment Values Across Hidalgo, Jasper County, Illinois

When examining property taxes in Hidalgo, Illinois, 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 Jasper 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 Jasper 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 Hidalgo. For example, the median home price in Hidalgo is $30,575, with tax bills ranging significantly across the county. 62432 has the highest median home price at $30,575.

Property Tax Assessment Values Across Hidalgo, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median Hidalgo Market Value

$30,575

Median Jasper County Market Value

$34,930

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hidalgo, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62432	$8,812	$16,495	$30,575	$49,042	$70,063

Source: Ownwell

Property Tax Bills Across Hidalgo, Jasper County, Illinois

In Hidalgo, Illinois, 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 tax bill. Factors such as local government budgets, school funding needs, and public services influence the tax rate. Homeowners in Hidalgo face a median property tax bill of $1,847, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $812 and the 90th percentile at $4,811, reflecting disparities in property values and tax rates within the area. Ownwell helps homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell ensures homeowners pay only their fair share, offering peace of mind and potential savings.

Property Tax Bills Across Hidalgo, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median Hidalgo Tax Bill

$1,847

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hidalgo, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62432	$337	$812	$1,847	$3,370	$4,811

Source: Ownwell