Herrin, Williamson County, Illinois Property Taxes

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

Median Herrin, IL effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Herrin, IL home value: $69,240
Median annual Herrin, IL tax bill: $1,630, $770 lower than the national median property tax bill of $2,400.

How are property taxes in Williamson County calculated?

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

Last Updated March 1, 2025

Herrin, Williamson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.59%

Estimate Property Tax Bill

$1,793

$1,664

Ownwell’s Herrin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Herrin with just two data points. By entering your property's estimated assessed value, our calculator applies Herrin’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Williamson 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 Williamson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Herrin, Williamson 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. 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 Herrin, located in Williamson County, the effective property tax rate is notably higher than both the state and national medians. The median property tax rate in Illinois is significantly above the national median of 1.02%. Herrin's rate reflects the highest median tax rate in its zip code, indicating a consistent pattern across the area. This disparity highlights the importance of understanding local property tax rates, as they can have a significant impact on your financial planning. Comparing Herrin’s rate to other cities in Illinois and the U.S. underscores the variability in tax burdens homeowners may face. Understanding these differences is crucial for effective property tax management and planning.

Property Tax Rates Across Herrin, Williamson County, Illinois

Source: Ownwell

1.88%

2.24%

2.59%

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 Herrin Tax Rate

2.59%

Median Effective Williamson County Tax Rate

2.30%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Herrin, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62948	1.38%	2.03%	2.59%	2.99%	2.99%

Source: Ownwell

Property Tax Assessment Values Across Herrin, Williamson County, Illinois

When examining property taxes in Herrin, Illinois, 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 Williamson 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 Williamson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Herrin.

For example, the median home price in Herrin is $69,240, with tax bills ranging significantly across the county. Zip code 62948 has the highest median home price at $69,240.

Property Tax Assessment Values Across Herrin, Williamson County, Illinois

Source: Ownwell

$23,550

$71,490

$119,430

Median Herrin Market Value

$69,240

Median Williamson County Market Value

$85,800

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Herrin, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62948	$25,764	$44,798	$69,240	$120,562	$187,119

Source: Ownwell

Property Tax Bills Across Herrin, Williamson County, Illinois

In Herrin, located in Williamson County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value typically represents a percentage of the property's market value, which in Herrin is influenced by the median home price of $69,240. Homeowners in this area face a median property tax bill of $1,630, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $941 and the 90th percentile reaching $5,047. These variations depend on factors such as property location, improvements, and local tax levies. High property taxes can place a significant financial burden on homeowners. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering tax bills and easing this burden. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners save money, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Herrin, Williamson County, Illinois

Source: Ownwell

$345

$1,478

$2,611

Median Herrin Tax Bill

$1,630

Median Williamson County Tax Bill

$1,802

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Herrin, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62948	$429	$941	$1,630	$2,984	$5,047

Source: Ownwell