Cleveland, Henry County, Illinois Property Taxes
Property Taxes in Cleveland, Illinois
Median Cleveland, Illinois effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Cleveland, Illinois home value: $142,380
Median annual Cleveland, Illinois tax bill: $2,435, $35 higher than the national median property tax bill of $2,400.
How are property taxes in Henry calculated?
Property taxes in Cleveland, 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 Cleveland's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cleveland, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cleveland, Henry County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$2,606
$2,418
How Does the Cleveland Property Tax Calculator Work?
Use this Cleveland property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cleveland's median effective tax rate of 1.83% — based on actual property records in Henry 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 Cleveland's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Cleveland’s tax rate is higher than Illinois’s 2.33% state median rate, and the median property tax bill is $2,435, which is $35 higher than the state median bill. Your bill may vary by ZIP code within Cleveland, though the available ZIP-level data here shows 61241 at both the highest and lowest median tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cleveland.
About Cleveland Property Taxes
About Property Taxes in Cleveland, Henry, Illinois
Cleveland’s median effective property tax rate of 1.83% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Henry 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 Cleveland. Homeowners in the 61241 ZIP code carry a median effective rate of 1.83%, while those in the same ZIP code also pay 1.83%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Henry County. Understanding which part of Cleveland you live in can make a meaningful difference to your annual tax bill.
Cleveland homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Cleveland, Henry 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 Cleveland'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 Ă· 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 Cleveland Tax Rate
1.83%
Our median effective property tax rate (tax bill Ă· 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 Henry County Tax Rate
2.16%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cleveland, Henry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61241 | 1.17% | 1.64% | 1.83% | 1.95% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, Henry County, Illinois
When examining property taxes in Cleveland, 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 Henry 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 Henry 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. For example, the median home price in Cleveland is $142,380, with a median tax bill of $2,435. The 25th percentile tax bill is $1,542, while the 75th percentile is $3,755 and the 90th percentile is $4,521.
Property Tax Assessment Values Across Cleveland, Henry County, Illinois
Source: Ownwell
$61,581
$177,236
$292,890
Median Cleveland Market Value
$142,380
Median Henry County Market Value
$132,510
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cleveland, Henry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61241 | $72,316 | $89,295 | $142,380 | $212,124 | $236,865 |
Source: Ownwell
Property Tax Bills Across Cleveland, Henry County, Illinois
Property tax bills in Cleveland are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value, and the final bill can also reflect exemptions or other local adjustments.
For homeowners in Cleveland, the median home price is $142,380, and the property tax bill typically falls between $1,542 at the 25th percentile and $3,755 at the 75th percentile. The 90th percentile reaches $4,521, which shows how much bills can vary from one property to another. The highest and lowest median tax bill in the area is $2,435 in ZIP code 61241.
These differences matter because a higher assessed value or fewer available exemptions can increase the amount owed each year. Since property taxes are a recurring cost, even modest changes in assessment can have a meaningful impact on a homeowner’s budget.
Median Cleveland Tax Bill
$2,435
Median Henry County Tax Bill
$2,832
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Cleveland, Henry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61241 | $957 | $1,542 | $2,435 | $3,755 | $4,521 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Henry Tax Assessor | |
| Website | henryil.devnetwedge.com |