Hopedale, Tazewell County, Illinois Property Taxes
Property Taxes in Hopedale, Illinois
Median Hopedale, Illinois effective property tax rate: 2.08%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Hopedale, Illinois home value: $164,040
Median annual Hopedale, Illinois tax bill: $3,270, higher than the national median property tax bill of $2,400.
How are property taxes in Tazewell calculated?
Property taxes in Hopedale, 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 Hopedale's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hopedale, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hopedale, Tazewell County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.08%
Estimate Property Tax Bill
$3,412
$3,166
How Does the Hopedale Property Tax Calculator Work?
Use this Hopedale property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hopedale's median effective tax rate of 2.08% — based on actual property records in Tazewell County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hopedale'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 Hopedale: rates range from 2.08% in 61747 to 2.08% in 61747, 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 Hopedale.
About Hopedale Property Taxes
About Property Taxes in Hopedale, Tazewell, Illinois
Hopedale’s median effective property tax rate of 2.08% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Tazewell 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 Hopedale. Homeowners in the 61747 ZIP code carry a median effective rate of 2.08%, while those in the same ZIP code also pay 2.08%. This reflects how school district boundaries and local assessment districts are drawn across Tazewell County. Understanding which part of Hopedale you live in can make a meaningful difference to your annual tax bill.
Hopedale 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 Hopedale, Tazewell 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 Hopedale'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 Hopedale Tax Rate
2.08%
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 Tazewell County Tax Rate
2.23%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hopedale, Tazewell County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61747 | 1.58% | 1.94% | 2.08% | 2.28% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Hopedale, Tazewell County, Illinois
When examining property taxes in Hopedale, 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 Tazewell County appraisal district 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 Tazewell County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the spring.
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 Hopedale.
For example, the median home price in Hopedale is $164,040, with tax bills ranging significantly across the county. Zip code 61747 has the highest median home price at $164,040.
Property Tax Assessment Values Across Hopedale, Tazewell County, Illinois
Source: Ownwell
$79,800
$237,188
$394,575
Median Hopedale Market Value
$164,040
Median Tazewell County Market Value
$149,430
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hopedale, Tazewell County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61747 | $71,367 | $106,958 | $164,040 | $235,380 | $305,304 |
Source: Ownwell
Property Tax Bills Across Hopedale, Tazewell County, Illinois
Property tax bills in Hopedale are determined by the assessed value of a home and the local tax rate set by taxing authorities in Tazewell County. When a property’s market value changes, the assessed value may change as well, which can raise or lower the tax bill. Homeowners in Hopedale should also consider how local budgets, school funding, and other public services affect the rate used to calculate taxes.
The typical home value in Hopedale is $164,040, and the median property tax bill is $3,270. That is above the national median property tax bill of $2,400 and reflects a heavier cost burden than many U.S. homeowners face. Tax bills in the area vary widely, with the 25th percentile at $2,120 and the 75th percentile at $4,959, showing that similar homes can still receive very different bills. For homeowners, this means property taxes can have a meaningful impact on monthly housing costs and long-term affordability.
Median Hopedale Tax Bill
$3,270
Median Tazewell County Tax Bill
$3,287
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Hopedale, Tazewell County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61747 | $1,337 | $2,120 | $3,270 | $4,959 | $6,531 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Tazewell Tax Assessor | |
| Website | tazewellil.devnetwedge.com |