Hudson, Woodford County, Illinois Property Taxes

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

Median Hudson, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Hudson, IL home value: $244,467
Median annual Hudson, IL tax bill: $6,549, $4,149 higher than the national median property tax bill of $2,400.

How are property taxes in Woodford calculated?

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

Last Updated March 1, 2025

Hudson, Woodford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$5,843

$5,422

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

Property Tax Rates Across Hudson, Woodford 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. Below, you can compare Hudson’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Hudson, Woodford County, Illinois

Source: Ownwell

2.19%

2.38%

2.58%

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 Hudson Tax Rate

2.39%

Median Effective Woodford County Tax Rate

2.44%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hudson, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61748	2.15%	2.30%	2.39%	2.44%	2.52%

Source: Ownwell

Property Tax Assessment Values Across Hudson, Woodford County, Illinois

When examining property taxes in HUDSON, 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 Woodford 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 Woodford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 HUDSON. For example, the median home price in HUDSON is $244,467, with tax bills ranging significantly across the county. 61748 has the highest median home price at $244,467.

Property Tax Assessment Values Across Hudson, Woodford County, Illinois

Source: Ownwell

$76,683

$160,575

$244,467

Median Hudson Market Value

$244,467

Median Woodford County Market Value

$138,837

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hudson, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61748	$100,461	$206,073	$244,467	$277,401	$291,870

Source: Ownwell

Property Tax Bills Across Hudson, Woodford County, Illinois

In Hudson, located in Woodford County, IL, property tax bills are calculated 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 determine the annual tax bill. The median home price in Hudson is $244,467, and the tax bill can vary significantly. For instance, the 25th percentile tax bill is $5,377, while the 75th percentile reaches $6,721, and the 90th percentile is $7,030. This means that property taxes in Hudson are considerably higher than the national median property tax bill of $2,400, with the median tax rate in Hudson being well above the national median of 1.02%. Homeowners in Hudson may feel the financial impact, especially those with higher-valued properties.

Ownwell assists homeowners in Hudson by identifying opportunities for property tax appeals and exemptions, potentially reducing their tax burden. By leveraging expertise and local market knowledge, Ownwell helps ensure that homeowners are not overpaying, providing peace of mind and financial relief.

Property Tax Bills Across Hudson, Woodford County, Illinois

Source: Ownwell

$1,648

$4,099

$6,549

Median Hudson Tax Bill

$6,549

Median Woodford County Tax Bill

$3,222

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hudson, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61748	$4,866	$5,377	$6,549	$6,721	$7,030

Source: Ownwell