Hoyleton, Washington County, Illinois Property Taxes

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

Median Hoyleton, IL effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Hoyleton, IL home value: $30,351
Median annual Hoyleton, IL tax bill: $601, $1,799 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Hoyleton, Washington County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$804

$746

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

Property Tax Rates Across Hoyleton, Washington 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. 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.

In Hoyleton, Washington County, Illinois, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This is significant, considering the national median property tax bill is $2,400. Such a high tax rate in Hoyleton could mean a heavier financial burden on property owners compared to many other regions. For those looking to appeal their property taxes or seek exemptions, understanding these nuances is crucial. By comparing Hoyleton’s effective property tax rate to other cities in Illinois, property owners can gain a clearer perspective on how their tax obligations measure up. This context is invaluable for residents aiming to manage their property tax liabilities effectively.

Property Tax Rates Across Hoyleton, Washington County, Illinois

Source: Ownwell

1.63%

2.40%

3.17%

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 Hoyleton Tax Rate

2.65%

Median Effective Washington County Tax Rate

2.25%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hoyleton, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62803	1.23%	1.55%	2.65%	2.65%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Hoyleton, Washington County, Illinois

When examining property taxes in Hoyleton, 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 Washington County Assessor 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 Washington 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 Hoyleton. For example, the median home price in Hoyleton is $30,351, with tax bills ranging significantly across the county. 62803 has the highest median home price at $30,351.

Property Tax Assessment Values Across Hoyleton, Washington County, Illinois

Source: Ownwell

$22,533

$36,993

$51,452

Median Hoyleton Market Value

$30,351

Median Washington County Market Value

$38,358

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hoyleton, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62803	$2,681	$6,357	$30,351	$55,743	$79,046

Source: Ownwell

Property Tax Bills Across Hoyleton, Washington County, Illinois

In Hoyleton, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Hoyleton is $30,351, significantly lower than the national median. This results in a median property tax bill of $601, which is also below the national median of $2,400. Homeowners in Hoyleton may find their tax bills range from the 25th percentile at $155 to the 90th percentile at $1,416, depending on their property's assessed value and specific exemptions they may qualify for. These tax bills can impact homeowners' financial planning, especially when property values or tax rates change. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing each property's assessed value and identifying potential discrepancies, Ownwell helps homeowners reduce their tax burden. This service ensures that homeowners pay only their fair share, potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Hoyleton, Washington County, Illinois

Source: Ownwell

$294

$643

$991

Median Hoyleton Tax Bill

$601

Median Washington County Tax Bill

$660

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hoyleton, Washington County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62803	$70	$155	$601	$1,086	$1,416

Source: Ownwell