Hammond, Moultrie County, Illinois Property Taxes

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

Median HAMMOND, IL effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median HAMMOND, IL home value: $144,064
Median annual HAMMOND, IL tax bill: $4,133, $1,733 higher than the national median property tax bill of $2,400.

How are property taxes in Moultrie calculated?

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

Last Updated March 1, 2025

Hammond, Moultrie County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.22%

Estimate Property Tax Bill

$3,198

$2,968

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

Property Tax Rates Across Hammond, Moultrie County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. In Hammond, located in Piatt County, Illinois, the effective property tax rate stands out when compared to other cities in the state. Illinois has a median property tax rate of 2.22%, which is significantly higher than the national median of 1.02%. This rate reflects the state's approach to funding local services through property taxes, where Hammond's rate mirrors the state median, highlighting the uniformity in tax assessments across Illinois. Understanding how these rates compare to the national average can provide valuable insights for property owners in Hammond, especially when considering property tax appeals or seeking exemptions.

Property Tax Rates Across Hammond, Moultrie County, Illinois

Source: Ownwell

1.58%

1.94%

2.29%

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 Hammond Tax Rate

2.22%

Median Effective Moultrie County Tax Rate

2.15%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hammond, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61929	1.92%	2.08%	2.22%	3.86%	8.01%

Source: Ownwell

Property Tax Assessment Values Across Hammond, Moultrie County, Illinois

When examining property taxes in Hammond, 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 Moultrie 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 Moultrie 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 Hammond. For example, the median home price in Hammond is $144,064, with tax bills ranging significantly across the county. 61929 has the highest median home price at $144,064.

Property Tax Assessment Values Across Hammond, Moultrie County, Illinois

Source: Ownwell

$34,636

$96,488

$158,340

Median Hammond Market Value

$144,064

Median Moultrie County Market Value

$97,648

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hammond, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61929	$76,943	$119,916	$144,064	$168,207	$217,910

Source: Ownwell

Property Tax Bills Across Hammond, Moultrie County, Illinois

In Hammond, located in Moultrie County, IL, property tax bills are derived from the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the home's market value. Homeowners in Hammond face a median property tax bill of $4,133, significantly higher than the national median of $2,400. This disparity highlights the importance of understanding the factors influencing tax bills, such as changes in home values and local tax rates. With tax bills ranging from $3,377 at the 25th percentile to $8,542 at the 90th percentile, homeowners can experience substantial variations based on their property's assessed value and location within the county. Ownwell assists homeowners by providing expert property tax appeal services, helping to identify discrepancies in assessments and secure potential reductions. By leveraging local expertise and data-driven insights, Ownwell aims to ensure homeowners are not overpaying, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Hammond, Moultrie County, Illinois

Source: Ownwell

$561

$2,347

$4,133

Median Hammond Tax Bill

$4,133

Median Moultrie County Tax Bill

$2,121

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hammond, Moultrie County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61929	$2,633	$3,377	$4,133	$5,261	$8,542

Source: Ownwell