Hancock County, Illinois Property Taxes
Census Bureau ACS property tax data for Illinois. Population: 6,108.
The median annual property tax in Hancock County is $2,020, which is 27% lower than the Illinois state average and 5% above the national average. The effective tax rate is 1.86% on a median home value of $108,400. Property taxes represent 3.1% of the median household income in this county.
Median Annual Tax
$2,020
-27% vs State
+5% vs US
Median Home Value
$108,400
-26% vs State
-49% vs US
Effective Tax Rate
1.86%
+2% vs State
+96% vs US
With vs Without Mortgage
With Mortgage
$2,086
$174/mo
Without Mortgage
$1,949
$162/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $2,020 +5.1% | 1.86% |
| 2022 | $1,922 +10.9% | 1.84% |
| 2021 | $1,733 +2.3% | 1.86% |
| 2020 | $1,694 +7.3% | 1.91% |
| 2019 | $1,579 | 1.84% |
Tax Burden
Tax-to-Income Ratio
3.1%
of median household income
Median Income
$65,044
per year
Monthly Tax
$168
per month
Other Counties in Illinois
Warren County
Tax: $1,921/yr Rate: 1.90%
Vermilion County
Tax: $1,666/yr Rate: 1.79%
Bond County
Tax: $2,612/yr Rate: 1.96%
Ogle County
Tax: $3,737/yr Rate: 2.03%
Hamilton County
Tax: $1,470/yr Rate: 1.35%
McLean County
Tax: $4,503/yr Rate: 2.27%
Frequently Asked Questions
What is the average property tax in Hancock County, Illinois? ▼
The median annual property tax in Hancock County is $2,020 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.86% on a median home value of $108,400.
How does Hancock County property tax compare to the national average? ▼
Property taxes in Hancock County are 5% above the national average of $1,923. The effective rate of 1.86% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Hancock County? ▼
In Hancock County, homeowners with a mortgage pay a median of $2,086 in annual property taxes, while homeowners without a mortgage pay $1,949. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Hancock County? ▼
Property taxes in Hancock County represent approximately 3.1% of the median household income of $65,044. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.