Hartford, Madison County, Illinois Property Taxes

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

Median Hartford, IL effective property tax rate: 2.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Hartford, IL home value: $51,532
Median annual Hartford, IL tax bill: $1,025, $1,375 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Hartford, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.03%

Estimate Property Tax Bill

$1,046

$971

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

Property Tax Rates Across Hartford, Madison County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is 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 Hartford’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Hartford, located in Madison County, faces a median property tax rate of 2.03%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, making it both the highest and lowest median tax rate in the area. For homeowners, this translates into a significant difference in property tax bills compared to the national median property tax bill of $2400. Given these figures, property owners in Hartford might find appealing their property taxes a worthwhile endeavor to explore potential savings.

Property Tax Rates Across Hartford, Madison County, Illinois

Source: Ownwell

1.66%

3.31%

4.95%

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 Hartford Tax Rate

2.03%

Median Effective Madison County Tax Rate

2.17%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hartford, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62048	0.76%	1.50%	2.03%	2.73%	2.86%

Source: Ownwell

Property Tax Assessment Values Across Hartford, Madison County, Illinois

When examining property taxes in Hartford, 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 Madison County Assessor's 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 Madison 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 Hartford.

For example, the median home price in Hartford is $51,532, with tax bills ranging significantly across the county. Zip code 62048 has the highest median home price at $51,532.

Property Tax Assessment Values Across Hartford, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Hartford Market Value

$51,532

Median Madison County Market Value

$128,259

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hartford, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62048	$30,451	$38,086	$51,532	$70,624	$99,222

Source: Ownwell

Property Tax Bills Across Hartford, Madison County, Illinois

In Hartford, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the home's market value. The property tax rate in Madison County is then applied to this assessed value to determine the tax bill. With a median home price of $51,532, residents in Hartford face a median property tax bill of $1,025. This is below the national median property tax bill of $2,400, offering some relief to homeowners. However, the tax bill can vary significantly, with the 25th percentile at $589 and the 90th percentile reaching $2,184. These variations can impact homeowners' financial planning. Ownwell can assist homeowners in Hartford by providing expert property tax appeal services. By ensuring that the assessed value of a home is fair and accurate, Ownwell can help reduce the tax burden, potentially saving homeowners a significant amount on their property tax bills.

Property Tax Bills Across Hartford, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Hartford Tax Bill

$1,025

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hartford, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62048	$279	$589	$1,025	$1,544	$2,184

Source: Ownwell