Hudson, Mclean County, Illinois Property Taxes
Median Hudson, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Hudson, IL home value: $205,756
Median annual Hudson, IL tax bill: $5,120, $2,720 higher than the national median property tax bill of $2,400.
How are property taxes in McLean calculated?
Property taxes in Hudson, 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 Hudson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hudson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hudson, Mclean County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.57%
Estimate Property Tax Bill
$5,288
$4,907
Property Tax Rates Across Hudson, Mclean County, Illinois
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 Hudson Tax Rate
2.57%
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 Mclean County Tax Rate
2.62%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hudson, Mclean County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61748 | 2.19% | 2.41% | 2.57% | 2.67% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Mclean County, Illinois
When examining property taxes in Hudson, 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 McLean 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 McLean 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 Hudson. For example, the median home price in Hudson is $205,756, with tax bills ranging significantly across the county. Zip code 61748 has the highest median home price at $205,756.
Property Tax Assessment Values Across Hudson, Mclean County, Illinois
Source: Ownwell
$54,762
$156,365
$257,967
Median Hudson Market Value
$205,756
Median Mclean County Market Value
$163,629
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hudson, Mclean County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61748 | $112,527 | $146,183 | $205,756 | $289,960 | $444,620 |
Source: Ownwell
Property Tax Bills Across Hudson, Mclean County, Illinois
Property tax bills in Hudson, McLean County, Illinois, are determined by multiplying the assessed value of a home by the local tax rate. In this region, the median home price is $205,756, and the property tax rate is significantly higher than the national median of 1.02%, resulting in substantial tax bills. Homeowners in Hudson could see tax bills ranging from $3,471 for those in the 25th percentile to $11,978 at the 90th percentile. The median tax bill in this area is $5,120, which is considerably above the national median of $2,400. These figures highlight the financial burden on homeowners in this region.
Ownwell can assist Hudson homeowners in reducing their property tax bills by identifying potential inaccuracies in property assessments and filing appeals on their behalf. By leveraging expert knowledge and a data-driven approach, Ownwell ensures that properties are assessed fairly, potentially leading to significant savings. This service can alleviate the financial pressure on homeowners, ensuring they only pay what is necessary.
Median Hudson Tax Bill
$5,120
Median Mclean County Tax Bill
$4,175
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Hudson, Mclean County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61748 | $2,449 | $3,471 | $5,120 | $7,551 | $11,978 |
Source: Ownwell