Herod, Pope County, Illinois Property Taxes
Median Herod, IL effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Herod, IL home value: $85,674
Median annual Herod, IL tax bill: $1,414, $986 lower than the national median property tax bill of $2,400.
How are property taxes in Pope calculated?
Property taxes in Herod, 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 Herod’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Herod, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Herod, Pope County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.64%
Estimate Property Tax Bill
$1,405
$1,304
Property Tax Rates Across Herod, Pope County, Illinois
Local government entities set tax rates, which can vary widely within a state. Annually, each county 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.
Herod in Pope County, Illinois, exemplifies this variation in tax rates. The effective property tax rate here is notable when compared to other cities in Illinois and the national median. Illinois has a median property tax rate of 1.64%, which stands above the national median of 1.02%. Herod's rate reflects the county's budgetary needs and the total assessed property value. This comparison highlights how local factors influence property tax rates, affecting homeowners differently across regions. Understanding these differences can empower property owners to make informed decisions about appeals and exemptions. Comparing Herod’s rate to state and national figures provides a clearer picture of its standing, emphasizing the importance of local governance in property tax assessments.
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 Herod Taxx Rate
1.64%
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 Pope County Taxx Rate
1.65%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Herod, Pope County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62947 | 1.08% | 1.31% | 1.64% | 1.91% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Herod, Pope County, Illinois
When examining property taxes in Herod, 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 Pope 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 Pope 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 Herod.
For example, the median home price in Herod is $85,674, with tax bills ranging significantly across the county. Zip code 62947 has the highest median home price at $85,674.
Property Tax Assessment Values Across Herod, Pope County, Illinois
Source: Ownwell
$65,430
$86,805
$108,180
Median Herod Market Value
$85,674
Median Pope County Market Value
$84,555
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Herod, Pope County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62947 | $39,944 | $64,266 | $85,674 | $135,909 | $205,319 |
Source: Ownwell
Property Tax Bills Across Herod, Pope County, Illinois
In Herod, located in Pope County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Herod face a median property tax bill of $1,414, which is below the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $888 and the 90th percentile reaching $3,345. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence these assessments, directly affecting homeowners' tax bills.
Ownwell offers a valuable service to homeowners in Herod by providing property tax appeal and exemption assistance. With expertise in navigating the local tax system, Ownwell helps homeowners potentially lower their tax bills by ensuring their property's assessed value is fair and accurate. By identifying discrepancies and advocating for adjustments, Ownwell can help homeowners achieve significant savings on their property taxes, offering peace of mind and financial relief.
Median Herod Tax Bill
$1,414
Median Pope County Tax Bill
$1,262
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Herod, Pope County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62947 | $484 | $888 | $1,414 | $2,249 | $3,345 |
Source: Ownwell