Harvard, Boone County, Illinois Property Taxes
Property Taxes in Harvard, Illinois
Median Harvard, Illinois effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Harvard, Illinois home value: $223,137
Median annual Harvard, Illinois tax bill: $5,023, $2,623 higher than the national median property tax bill of $2,400.
How are property taxes in Boone calculated?
Property taxes in Harvard, 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 Harvard's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harvard, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Harvard, Boone County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.39%
Estimate Property Tax Bill
$5,333
$4,949
How Does the Harvard Property Tax Calculator Work?
Use this Harvard property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Harvard's median effective tax rate of 2.39% — based on actual property records in Boone 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 Harvard'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 Harvard: rates range from 2.39% in 60033 to 2.39% in 60033, 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 Harvard.
About Harvard Property Taxes
About Property Taxes in Harvard, Boone, Illinois
Harvard’s median effective property tax rate of 2.39% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Boone County levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Harvard. Homeowners in the 60033 ZIP code carry a median effective rate of 2.39%, while the same ZIP also reflects the city’s lowest median rate of 2.39%. That means the local tax picture is concentrated, but the assessed value still plays a major role in what homeowners owe.
Harvard 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 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 Harvard, Boone 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 Harvard'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 Harvard Tax Rate
2.39%
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 Boone County Tax Rate
2.48%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harvard, Boone County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60033 | 2.03% | 2.29% | 2.39% | 2.53% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Harvard, Boone County, Illinois
When examining property taxes in Harvard, 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 Boone 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 Boone County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Harvard.
For example, the median home price in Harvard is $223,137, with tax bills ranging significantly across the county. 60033 has the highest median home price at $223,137.
Property Tax Assessment Values Across Harvard, Boone County, Illinois
Source: Ownwell
$183,606
$281,940
$380,274
Median Harvard Market Value
$223,137
Median Boone County Market Value
$205,580
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harvard, Boone County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60033 | $71,554 | $183,096 | $223,137 | $276,213 | $354,809 |
Source: Ownwell
Property Tax Bills Across Harvard, Boone County, Illinois
Harvard property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessment to determine how much each homeowner owes, so the bill can change when property values or tax rates change. For homeowners, this means a higher assessed value usually leads to a higher tax bill, while a lower assessment can reduce what is owed.
In Harvard, the median home price is $223,137, and the median property tax bill is $5,023. That is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%, showing how local taxes can have a significant impact on housing costs. Bills in the area also vary, with the 25th percentile at $4,445 and the 75th percentile at $6,356, so homeowners may pay very different amounts depending on their property’s assessment and location.
Median Harvard Tax Bill
$5,023
Median Boone County Tax Bill
$4,861
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Harvard, Boone County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60033 | $2,063 | $4,445 | $5,023 | $6,356 | $8,280 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Boone Tax Assessor | |
| Website | booneil.devnetwedge.com |