New Holland, Logan County, Illinois Property Taxes

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

Median New Holland, IL effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Holland, IL home value: $213,945
Median annual New Holland, IL tax bill: $5,947, $3,547 higher than the national median property tax bill of $2,400.

How are property taxes in Logan County calculated?

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

Last Updated March 1, 2025

New Holland, Logan County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.74%

Estimate Property Tax Bill

$5,862

$5,440

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

Property Tax Rates Across New Holland, Logan County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In New Holland, located in Logan County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total assessed property values. Compared to other cities in Illinois, New Holland's tax rate stands out as particularly high, matching the highest rate within the state. This is significant when considering the median property tax rates both statewide and nationally. While Illinois generally has higher property taxes, New Holland's rate is at the upper end of the spectrum. Understanding these rates can help property owners in New Holland make informed decisions about their property investments and tax obligations.

Property Tax Rates Across New Holland, Logan County, Illinois

Source: Ownwell

2.07%

2.40%

2.74%

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 New Holland Taxx Rate

2.74%

Median Effective Logan County Taxx Rate

2.39%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across New Holland, Logan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62671	2.12%	2.47%	2.74%	2.90%	2.95%

Source: Ownwell

Property Tax Assessment Values Across New Holland, Logan County, Illinois

When examining property taxes in New Holland, 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 Logan County assessment 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 Logan 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 New Holland.

For example, the median home price in New Holland is $213,945, with tax bills ranging significantly across the county. Zip code 62671 has the highest median home price at $213,945.

Property Tax Assessment Values Across New Holland, Logan County, Illinois

Source: Ownwell

$94,710

$201,323

$307,935

Median New Holland Market Value

$213,945

Median Logan County Market Value

$165,735

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across New Holland, Logan County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62671	$64,695	$120,390	$213,945	$336,435	$395,700

Source: Ownwell

Property Tax Bills Across New Holland, Logan County, Illinois

In New Holland, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, home size, and market trends. In Logan County, where New Holland is located, the median property tax bill is notably higher than the national median of $2,400. Homeowners in this region face tax bills ranging from the 25th percentile at $3,297 to the 90th percentile at $11,471, indicating a significant variance based on property value and tax rates. This can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially lower their assessed values and, consequently, their tax bills. By leveraging expert knowledge and local data, Ownwell can assist homeowners in navigating the complexities of property tax assessments, ensuring they pay only their fair share.

Property Tax Bills Across New Holland, Logan County, Illinois

Source: Ownwell

$2,414

$5,281

$8,148

Median New Holland Tax Bill

$5,947

Median Logan County Tax Bill

$4,059

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across New Holland, Logan County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62671	$1,994	$3,297	$5,947	$10,041	$11,471

Source: Ownwell