Highland, Bond County, Illinois Property Taxes

Name: Property Tax Bills Across Highland, Bond County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Highland, IL effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Highland, IL home value: $95,223
Median annual Highland, IL tax bill: $2,165, $235 lower than the national median property tax bill of $2,400.

How are property taxes in Bond County calculated?

Property taxes in Highland, IL 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 Highland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Highland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Highland, Bond County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.27%

Estimate Property Tax Bill

$2,162

$2,006

Ownwell’s Highland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Highland with just two data points. By entering your property's estimated assessed value, our calculator applies Highland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bond County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Highland, Bond County, Illinois

Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate their budget needs for public services and divide this by the total value of all taxable properties within their jurisdiction, leading to the property tax rate. While setting tax rates and budgets involves votes and legislation, this annual process is the crux of it. In Highland, located in Bond County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the broader trend in Illinois, where the median property tax rate is among the highest in the nation. For residents, this means a higher property tax bill compared to the national median of $2,400. Understanding these rates can help property owners in Highland anticipate their annual tax obligations and potentially seek out appeal and exemption services to mitigate costs. Comparing Highland’s tax rate to other cities in Illinois and the national median offers insight into the financial landscape property owners face.

Property Tax Rates Across Highland, Bond County, Illinois

Source: Ownwell

2.10%

2.47%

2.84%

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 Highland Tax Rate

2.27%

Median Effective Bond County Tax Rate

2.52%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Highland, Bond County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62249	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Highland, Bond County, Illinois

When examining property taxes in Highland, IL, 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 Bond 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.

In Bond County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Highland.

For example, the median home price in Highland is $95,223, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Highland, Bond County, Illinois

Source: Ownwell

$34,928

$51,711

$68,493

Median Highland Market Value

$95,223

Median Bond County Market Value

$56,846

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Highland, Bond County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62249	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Highland, Bond County, Illinois

In Highland, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Highland's property tax rate is higher than the national median rate of 1.02%, and with a median home price of $95,223, homeowners can expect their tax bills to be around $2,165 at the 25th, 75th, and 90th percentiles. This is slightly below the national median property tax bill of $2,400. Various factors such as changes in market conditions, local government budgets, and school district funding can influence property tax rates, affecting homeowners' expenses. Ownwell offers a valuable service by helping homeowners appeal their property assessments and identify potential exemptions, potentially reducing their tax bills. Our team of experts reviews your property tax assessment, files appeals on your behalf, and ensures you are not overpaying. By leveraging Ownwell's expertise, homeowners in Highland can achieve significant savings on their property tax obligations.

Property Tax Bills Across Highland, Bond County, Illinois

Source: Ownwell

$776

$1,253

$1,730

Median Highland Tax Bill

$2,165

Median Bond County Tax Bill

$1,285

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Highland, Bond County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62249	N/A	N/A	N/A	N/A	N/A

Source: Ownwell