Hampton, Rock Island County, Illinois Property Taxes

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

Hampton, located in Rock Island County, stands out with a median property tax rate of 2.94%. This rate is significantly higher than the national median property tax rate of 1.02%. Residents in Hampton face a property tax bill that is notably above the national median of $2,400. This highlights the importance of understanding property tax obligations in the area. For property owners in Hampton and similar regions, exploring property tax appeal and exemption services can be a valuable step to potentially reduce their tax burden.

In Hampton, located in Rock Island County, IL, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by local assessors. Homeowners in Hampton face a median property tax bill of $3,208, which is notably higher than the national median of $2,400. Factors influencing these tax bills include local government budgets, school district funding, and public service needs. Such factors make Hampton's property tax rate competitive compared to the national median rate of 1.02%.

High property taxes can strain homeowners financially, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially lower their tax bills. They analyze property assessments for inaccuracies and guide homeowners through the appeal process, ensuring they pay only what’s fair. This service can result in significant savings, alleviating the financial burden of high property taxes for Hampton residents.