With a median commercial property tax rate of 2.1% for fiscal year 2025, Nauvoo recorded the lowest rate in Hancock County, according to BlockShopper.com.
The county’s median commercial property tax rate was 3.3% in fiscal year 2025, which is 1.2 percentage points higher than Nauvoo’s rate.
Out of the two cities in Hancock County, commercial property tax rates ranged from Nauvoo’s 2.1% up to 4.3% in Carthage.
In the previous fiscal year, Nauvoo’s median commercial property tax rate was 1.7%, ranking fourth within the county.
Commercial property tax rates across 53 major U.S. cities averaged 1.76% in 2024, according to the Lincoln Institute of Land Policy. Their analysis estimates an annual tax payment of approximately $21,060 for a $1 million property with $200,000 in fixtures. Rates were reported to vary widely, from under 1% in some cities to as high as 4% in others.
Classification methods in a number of states may cause commercial, industrial, and apartment buildings to be taxed at higher effective rates compared with residential properties. It is noted that business tax rates can be several-fold higher than residential rates in some places, such as Charleston, where rates are about six times greater.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Carthage | 4.3% |
| 2 | Nauvoo | 2.1% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 1320 Mulholland St. | 3.8% |
| 2 | 1545 Mulholland St. | 3.3% |
| 3 | 1400 Mulholland St. | 1% |
| 4 | 1340 Mullholland St. | 0.2% |
Note: Due to limitations in county assessor data, some property addresses might be incomplete or unavailable.
This article relies on data from BlockShopper.com. The original data source can be accessed here.