North Henderson, Mercer County, Illinois Property Taxes

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

Median North Henderson, IL effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median North Henderson, IL home value: $193,590
Median annual North Henderson, IL tax bill: $4,552, $2,152 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

North Henderson, Mercer County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.4%

Estimate Property Tax Bill

$4,646

$4,312

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

Property Tax Rates Across North Henderson, Mercer County, Illinois

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 North Henderson’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In North Henderson, located in Mercer County, homeowners experience a property tax rate of 2.40%, which is significantly higher than the national median of 1.02%. This rate is consistent with the highest and lowest rates in the area, reflecting a uniform tax landscape within the zip code 61466. The median property tax bill here can be quite burdensome compared to the national median of $2,400. By understanding these figures, homeowners in North Henderson can better navigate their financial planning and explore opportunities for appeals or exemptions to potentially reduce their tax burden.

Property Tax Rates Across North Henderson, Mercer County, Illinois

Source: Ownwell

2.25%

2.50%

2.75%

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 North Henderson Tax Rate

2.40%

Median Effective Mercer County Tax Rate

2.47%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across North Henderson, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61466	1.95%	2.28%	2.40%	2.42%	2.51%

Source: Ownwell

Property Tax Assessment Values Across North Henderson, Mercer County, Illinois

When examining property taxes in North Henderson, 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 Mercer 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. Assessment notices: In Mercer 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 North Henderson. For example, the median home price in North Henderson is $193,590, with tax bills ranging significantly across the county. 61466 has the highest median home price at $193,590.

Property Tax Assessment Values Across North Henderson, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median North Henderson Market Value

$193,590

Median Mercer County Market Value

$156,489

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across North Henderson, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61466	$66,024	$107,948	$193,590	$310,691	$377,005

Source: Ownwell

Property Tax Bills Across North Henderson, Mercer County, Illinois

In North Henderson, located in Mercer County, IL, 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 property tax bill. Factors such as the local school district, public services, and municipal budgets significantly influence the tax rate. Homeowners in North Henderson face a median property tax bill of $4,552, which is notably higher than the national median of $2,400. This can be a substantial financial burden, especially when compared to the national median property tax rate of 1.02%.

Ownwell offers a solution for homeowners burdened by high property taxes. By analyzing property values and local tax assessments, Ownwell identifies opportunities for appealing over-assessed values, potentially leading to significant savings. With professional guidance from Ownwell, homeowners can effectively navigate the complexities of property tax appeals, ensuring they pay only their fair share and potentially easing their financial load.

Property Tax Bills Across North Henderson, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median North Henderson Tax Bill

$4,552

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across North Henderson, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61466	$869	$2,660	$4,552	$7,201	$8,980

Source: Ownwell