Havana, Mason County, Illinois Property Taxes
Median Havana, IL effective property tax rate: 3.29%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Havana, IL home value: $54,526
Median annual Havana, IL tax bill: $1,791, $609 lower than the national median property tax bill of $2,400.
How are property taxes in Mason County calculated?
Property taxes in Havana, 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 Havana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Havana, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Havana, Mason County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.29%
Estimate Property Tax Bill
$1,794
$1,665
Property Tax Rates Across Havana, Mason County, Illinois
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation is due to each county's annual process of estimating its required budget to deliver services, which is then divided by the total value of all taxable property within that jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this summarizes the annual procedure.
Comparing Havana’s effective property tax rate with other cities in Illinois reveals interesting insights. Havana, located in Mason County, has a tax rate that stands out when contrasted with the state and national medians. While the national median property tax rate is 1.02%, Havana's rate is notably higher, reflecting the local government's budgeting requirements and the total value of taxable properties. This comparison underscores the importance of understanding how local tax rates can impact property owners differently, even within the same state. By examining these rates, property owners can better navigate their financial responsibilities and potentially seek assistance in managing their property tax obligations.
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 Havana Tax Rate
3.29%
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 Mason County Tax Rate
2.98%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Havana, Mason County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62644 | 2.17% | 2.74% | 3.29% | 3.74% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Havana, Mason County, Illinois
When examining property taxes in Havana, 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 Mason 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 Mason 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 Havana.
For example, the median home price in Havana is $54,526, with tax bills ranging significantly across the county. Zip code 62644 has the highest median home price at $54,526.
Property Tax Assessment Values Across Havana, Mason County, Illinois
Source: Ownwell
$47,322
$79,688
$112,053
Median Havana Market Value
$54,526
Median Mason County Market Value
$73,888
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Havana, Mason County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62644 | $9,196 | $23,766 | $54,526 | $101,831 | $157,368 |
Source: Ownwell
Property Tax Bills Across Havana, Mason County, Illinois
In Havana, located in Mason County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. With a median home price of $54,526, local tax authorities use this assessed value to calculate the tax bill. Factors such as local tax rates and any applicable exemptions also play a role in determining the final amount. Homeowners in Havana face a median property tax bill of $1,791, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as much as $4,712, depending on their property's assessed value and location within the county.
Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By reviewing property assessments, Ownwell identifies potential inaccuracies or overvaluations that could lead to higher tax bills. Their expertise in navigating the appeals process helps homeowners potentially reduce their tax obligations, ensuring they only pay their fair share and possibly saving significant amounts annually.
Median Havana Tax Bill
$1,791
Median Mason County Tax Bill
$2,133
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Havana, Mason County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62644 | $373 | $758 | $1,791 | $2,837 | $4,712 |
Source: Ownwell