Harrisburg, Illinois Property Taxes
The median property tax rate in Harrisburg, IL is 2.52%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Harrisburg, the typical annual property tax bill reaches $1,497, exceeding the national median of $2,690. Property taxes in Harrisburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrisburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Harrisburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrisburg, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Harrisburg Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Harrisburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Harrisburg to provide an estimated property tax bill. This powerful tool offers a clear picture of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, additional localized information is available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Harrisburg, Illinois
Property taxes in Harrisburg, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisburg is 2.52%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Harrisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisburg estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Harrisburg's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62946 zip code has the highest median property tax rate of 2.52%, while the same zip code also has the lowest median tax rate of 2.52%. Understanding how these cities compare with Harrisburg provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisburg Tax Rate
2.52%
Average Saline County Tax Rate
2.49%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62946 | 1.44% | 2.04% | 2.52% | 3.18% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, Illinois
In Harrisburg, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Harrisburg, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Harrisburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harrisburg is $1497 in the 62946 zip code, while the lowest median tax bill is also $1497 in the same zip code.
Average Harrisburg Assessed Value
$57,480
Average Saline County Assessed Value
$61,146
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62946 | $7,173 | $27,561 | $57,480 | $111,328 | $170,433 |
Source: Ownwell
Property Tax Bills Across Harrisburg, Illinois
In Harrisburg, property tax bills are determined 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 calculate the annual tax bill. For instance, the median home price in Harrisburg is $57,480. Depending on various factors, homeowners can expect their property tax bills to vary significantly. The 25th percentile of tax bills is around $690, while the 75th percentile reaches up to $3,016, and the 90th percentile can be as high as $4,612. Several factors influence these tax bills, including the home's location within Saline County, the local tax rate, and any applicable exemptions or deductions. Homeowners in the 62946 zip code, where the highest and lowest median tax bills are both $1,497, experience a range of tax obligations, impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, Harrisburg's property tax rates can vary, affecting overall affordability and long-term investment in homeownership.
Average Harrisburg Tax Bill
$1,497
Average Saline County Tax Bill
$1,585
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62946 | $395 | $690 | $1,497 | $3,016 | $4,612 |
Source: Ownwell