Average Tax Assessment in Hamilton County
Real Estate Values and Property Tax Valuation in Hamilton County, Illinois
Hamilton County has a total of 3,201 properties with a cumulative value of $210.7M. This accounts for 0.03% of all real estate value in Illinois. Property taxes in Hamilton County totaled $3.8M, with the average homeowner paying $1,297 in property taxes, which is significantly lower than the state average of $5,405. The average property tax rate in Hamilton County is 1.81%, which is lower than the state average of 2.47%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Hamilton Clerk | (254) 386-1205 |
| TexasFile Clerk Records | - |
| Hamilton Register of Deeds | (423) 209-6560 |
| Hamilton Auditor | (513) 946-4000 4 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Hamilton County
Residential Property Taxes by Cities in Hamilton County
Hamilton County has an average property tax rate of 1.81%, which is slightly lower than the national average of 1.89%. This rate is applied to the assessed value of a property to determine the amount of taxes due. Property taxes in Hamilton County are collected by the county government and are used to fund local services such as schools, roads, and public safety.
Property tax rates in Hamilton County vary across the cities, with Mc Leansboro having the highest effective property tax rate of 1.86%, and Dahlgren having the lowest effective property tax rate of 1.65%. Property taxes in Hamilton County are generally lower than the national average, making it an attractive place to live for those looking to save money on their taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hamilton County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broughton | $6,407 | $13,410 | $36,237 | $78,640 | $130,219 |
| Dahlgren | $12,910 | $28,500 | $56,400 | $114,972 | $171,630 |
| Mc Leansboro | $12,241 | $24,918 | $48,058 | $87,439 | $138,711 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hamilton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broughton | $81 | $192 | $685 | $1,502 | $2,669 |
| Dahlgren | $134 | $347 | $897 | $2,114 | $3,504 |
| Mc Leansboro | $160 | $360 | $890 | $1,828 | $3,000 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broughton | 1.26% | 1.43% | 1.89% | 1.91% | 2.05% |
| Dahlgren | 1.04% | 1.22% | 1.59% | 1.84% | 2.04% |
| Mc Leansboro | 1.31% | 1.44% | 1.85% | 2.09% | 2.16% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Hamilton County
The median home price in Hamilton County, Illinois has remained steady at $125.0K from October 2022 to October 2023. However, the home inventory in the county has increased from 10 in October 2022 to 14 in October 2023, indicating an increase in demand for housing in the area. This suggests that home prices may increase in the future as demand continues to grow.
Average Home Value in Hamilton County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Hamilton County
Last updated: November 2023
Percent Change in New Home Listings in Hamilton County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Hamilton County
Mortgages in Hamilton County are a major source of financing for homeowners. There is currently a total of $37.5 million in outstanding loans across the county, with 476 individual loans. This represents a significant portion of the total home value in the county, indicating that mortgages are a popular option for financing a home.
The median mortgage rate in Hamilton County varies across cities. Broughton has the highest median mortgage rate at 4.32%, while Mc Leansboro has the lowest at 4.%. This indicates that there is a significant variation in mortgage rates across the county, and homeowners should shop around to find the best rate for their individual needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hamilton County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broughton | $12,821 | $22,528 | $51,281 | $64,286 | $123,615 |
| Dahlgren | $22,439 | $41,725 | $64,690 | $124,267 | $181,016 |
| Mc Leansboro | $19,488 | $34,592 | $56,791 | $95,791 | $144,137 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hamilton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Broughton | 3.22% | 3.48% | 4.32% | 6.49% | 6.81% |
| Dahlgren | 3.02% | 3.60% | 4.12% | 5.20% | 6.28% |
| Mc Leansboro | 2.90% | 3.40% | 4.00% | 5.00% | 6.20% |
Housing Expenses in Hamilton County, Illinois
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.