Average Tax Assessment in Henderson County
Real Estate Values and Property Tax Valuation in Henderson County, Illinois
Henderson County has 2,975 properties with a cumulative value of $173.1M, representing 0.02% of all real estate value in Illinois. The average property tax rate in Henderson County is 3.27%, higher than the state average of 2.47%. Property taxes in Henderson County totaled $5.7M, with the average homeowner paying $1,902 in property taxes compared to the state average of $5,405. Property values for tax purposes are determined by the local assessor's office, which assesses the value of each property based on its 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Henderson Clerk | (903) 675-6140 |
| Henderson Register of Deeds | (828) 697-4901 |
| Henderson County Clerk | (270) 826-3906 |
| 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 |
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Real Estate Statistics in Henderson County
Residential Property Taxes by Cities in Henderson County
Henderson County has an average property tax rate of 3.27%, which is slightly lower than the state average of 3.3%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Henderson County property tax bill is $1,902, which is slightly lower than the state average of $1,919.
Property tax rates vary across the cities in Henderson County. The city with the highest effective property tax rate is Lomax, with a rate of 3.99%. On the other hand, the city with the lowest effective property tax rate is Oquawka, with a rate of 2.17%. This means that homeowners in Lomax will pay more in property taxes than homeowners in Oquawka.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Henderson 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 |
|---|---|---|---|---|---|
| Biggsville | $0 | $0 | $47,736 | $99,929 | $144,154 |
| Gladstone | $0 | $17,385 | $68,022 | $105,240 | $153,043 |
| Lomax | $0 | $7,329 | $34,155 | $67,668 | $96,600 |
| Oquawka | $8,308 | $23,934 | $51,270 | $86,343 | $125,896 |
| Stronghurst | $0 | $13,124 | $58,197 | $96,430 | $138,692 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Henderson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Biggsville | $409 | $817 | $1,672 | $3,105 | $4,958 |
| Gladstone | $218 | $707 | $1,573 | $2,593 | $3,813 |
| Lomax | $105 | $404 | $1,065 | $2,119 | $3,827 |
| Oquawka | $145 | $386 | $958 | $1,766 | $2,887 |
| Stronghurst | $382 | $785 | $1,522 | $2,698 | $4,168 |
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 |
|---|---|---|---|---|---|
| Biggsville | - | - | 3.50% | 3.11% | 3.44% |
| Gladstone | - | 4.07% | 2.31% | 2.46% | 2.49% |
| Lomax | - | 5.51% | 3.12% | 3.13% | 3.96% |
| Oquawka | 1.75% | 1.61% | 1.87% | 2.05% | 2.29% |
| Stronghurst | - | 5.98% | 2.62% | 2.80% | 3.01% |
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Real Estate Values in Henderson County
The median home price in Henderson County has not changed from October 2022 to October 2023, remaining at $132.5K. However, the home inventory in the county has increased from 14 in October 2022 to 19 in October 2023, indicating a slight increase in demand for housing in the area. This suggests that the home prices in Henderson County may increase in the future.
Average Home Value in Henderson County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Henderson County
Last updated: November 2023
Percent Change in New Home Listings in Henderson County
Last updated: November 2023
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Mortgage Rates in Henderson County
There are currently no outstanding loans in Henderson County for home mortgages. This indicates that the county is not a popular destination for home buyers and may be indicative of a weak housing market. However, the median mortgage rate across the county varies significantly, with the city with the highest median mortgage rate being higher than the city with the lowest median mortgage rate. This indicates that there is a wide range of mortgage rates available in Henderson County, which could be beneficial for potential home buyers.
Overall, the total outstanding loan amount across home mortgages in Henderson County is zero, meaning that the county is not a popular destination for home buyers. However, the variation in mortgage rates across the county could be beneficial for potential home buyers, as they can find a rate that best suits their needs. It is important to note that, while the total outstanding loan amount is zero, the percentage of total home value is still important to consider when looking for a mortgage in Henderson County.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Henderson County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Henderson County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Henderson County, Illinois
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