Hampshire, Dekalb County, Illinois Property Taxes
Property Taxes in Hampshire, Illinois
Median Hampshire, Illinois effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Hampshire, Illinois home value: $197,376
Median annual Hampshire, Illinois tax bill: $5,316, higher than the national median property tax bill of $2,400.
How are property taxes in DeKalb calculated?
Property taxes in Hampshire, 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 Hampshire's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hampshire, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hampshire, Dekalb County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.49%
Estimate Property Tax Bill
$4,915
$4,561
How Does the Hampshire Property Tax Calculator Work?
Use this Hampshire property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hampshire's median effective tax rate of 2.49% — based on actual property records in DeKalb County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hampshire'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 Hampshire: rates are the same across the area, with both the highest and lowest median property tax bill at $5,316 in 60140.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hampshire.
About Hampshire Property Taxes
About Property Taxes in Hampshire, DeKalb, Illinois
Hampshire's median effective property tax rate of 2.49% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the DeKalb County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Hampshire. Homeowners in the 60140 ZIP code carry a median effective rate of 2.49%, while those in the lowest ZIP code pay 2.49%. This spread reflects how school district boundaries and local assessment districts are drawn across DeKalb County. Understanding which part of Hampshire you live in can make a meaningful difference to your annual tax bill.
Hampshire homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Hampshire, Dekalb 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 Hampshire'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 Hampshire Tax Rate
2.49%
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 Dekalb County Tax Rate
2.44%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hampshire, Dekalb County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60140 | 2.05% | 2.22% | 2.49% | 3.23% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Hampshire, Dekalb County, Illinois
When examining property taxes in Hampshire, 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 DeKalb 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.
Assessment notices:
In DeKalb 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 Hampshire.
For example, the median home price in Hampshire is $197,376, with tax bills ranging significantly across the county. 60140 has the highest median home price at $197,376.
Property Tax Assessment Values Across Hampshire, Dekalb County, Illinois
Source: Ownwell
$160,695
$253,926
$347,157
Median Hampshire Market Value
$197,376
Median Dekalb County Market Value
$222,627
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hampshire, Dekalb County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60140 | $141,056 | $154,596 | $197,376 | $240,387 | $285,910 |
Source: Ownwell
Property Tax Bills Across Hampshire, Dekalb County, Illinois
Property tax bills in Hampshire are based on the assessed value of a home and the local tax rate set by taxing authorities. The bill is calculated by applying that rate to the property’s assessed market value, then adjusting for any exemptions or special district levies that may apply. Because property taxes are tied to local budgets, changes in school, county, and municipal spending can affect what homeowners owe each year.
For homeowners in Hampshire, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold. With a median home price of $197,376, local tax bills are substantial, with the 25th percentile at $4,314, the 75th percentile at $6,368, and the 90th percentile at $7,119. The median tax bill in ZIP code 60140 is $5,316, well above the national median property tax bill of $2,400.
Median Hampshire Tax Bill
$5,316
Median Dekalb County Tax Bill
$5,381
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Hampshire, Dekalb County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60140 | $3,123 | $4,314 | $5,316 | $6,368 | $7,119 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| DeKalb Tax Assessor | |
| Website | dekalbil.devnetwedge.com |