Hollowayville, Bureau County, Illinois Property Taxes
Property Taxes in Hollowayville, Illinois
Median Hollowayville, Illinois effective property tax rate: 2.27%, significantly lower than the national median of 1.02%, and slightly lower than the Illinois state median of 2.33%.
Median Hollowayville, Illinois home value: $69,789
Median annual Hollowayville, Illinois tax bill: $1,472, lower than the national median property tax bill of $2,400.
How are property taxes in Bureau calculated?
Property taxes in Hollowayville, Illinois 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 Hollowayville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hollowayville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hollowayville, Bureau County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.27%
Estimate Property Tax Bill
$1,584
$1,470
How Does the Hollowayville Property Tax Calculator Work?
Use this Hollowayville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hollowayville's median effective tax rate of 2.27% — based on actual property records in Bureau County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hollowayville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Hollowayville: rates range from 2.27% in 61356 to 2.27% in 61356, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hollowayville.
About Hollowayville Property Taxes
About Property Taxes in Hollowayville, Bureau, Illinois
Hollowayville's median effective property tax rate of 2.27% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Bureau County base levy combined with local school district levies and special service areas that vary by subdivision throughout the village.
Property tax rates are not uniform across Hollowayville. Homeowners in ZIP code 61356 carry a median effective rate of 2.27%, while those in the same ZIP code also pay 2.27%. This reflects how school district boundaries and local assessment districts are drawn across Bureau County.
Hollowayville homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the January 1, 1900 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Hollowayville, Bureau County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Hollowayville's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Hollowayville Tax Rate
2.27%
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 Bureau County Tax Rate
2.27%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hollowayville, Bureau County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61356 | 1.55% | 1.92% | 2.27% | 2.69% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Hollowayville, Bureau County, Illinois
When examining property taxes in Hollowayville, 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 Bureau County assessment office 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.
Assessment notices:
In Bureau County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Hollowayville.
For example, the median home price in Hollowayville is $69,789, with tax bills ranging significantly across the county. ZIP code 61356 has the highest median home price at $69,789.
Property Tax Assessment Values Across Hollowayville, Bureau County, Illinois
Source: Ownwell
$46,100
$145,140
$244,179
Median Hollowayville Market Value
$69,789
Median Bureau County Market Value
$105,186
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hollowayville, Bureau County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61356 | $43,382 | $53,619 | $69,789 | $85,762 | $101,284 |
Source: Ownwell
Property Tax Bills Across Hollowayville, Bureau County, Illinois
Property tax bills in Hollowayville are based on the assessed value of a home, not its market price alone. Local taxing authorities set tax rates, and the bill is calculated by applying those rates to the assessed value after any exemptions or adjustments. For homeowners, this means two similar homes can have different tax bills if their assessments differ.
In Hollowayville, the median home price is $69,789, and the median property tax bill is $1,472 in ZIP code 61356. That amount sits below the national median property tax bill of $2,400, showing that local bills can be more manageable than the U.S. typical level. Still, bills can vary widely: the 25th percentile is $994, while the 75th percentile is $2,078 and the 90th percentile reaches $2,559. For homeowners, understanding how assessed value and local tax rates work is key to anticipating yearly costs and spotting when a bill may be higher than expected.
Median Hollowayville Tax Bill
$1,472
Median Bureau County Tax Bill
$2,296
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Hollowayville, Bureau County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61356 | $583 | $994 | $1,472 | $2,078 | $2,559 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Bureau Tax Assessor | |
| Website | propertytaxonline.org |