Capron, Boone County, Illinois Property Taxes

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

Median CAPRON, IL effective property tax rate: 2.87%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median CAPRON, IL home value: $153,303
Median annual CAPRON, IL tax bill: $4,276, $1,876 higher than the national median property tax bill of $2,400.

How are property taxes in Boone calculated?

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

Last Updated March 1, 2025

Capron, Boone County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.87%

Estimate Property Tax Bill

$4,400

$4,083

Ownwell’s Capron Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Capron with just two data points. By entering your property's estimated assessed value, our calculator applies Capron’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 Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Capron, Boone County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Capron’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Capron in Boone County has a median property tax rate of 2.87%, significantly higher than the national median of 1.02%. This places Capron among the regions with the highest property tax rates in the nation. Understanding these rates is crucial for property owners seeking to manage their expenses effectively. By appealing your property taxes, you could potentially lower your financial burden, aligning closer to the national average. Taking action could lead to considerable savings, making it an essential step for property owners in Capron.

Property Tax Rates Across Capron, Boone County, Illinois

Source: Ownwell

2.53%

2.70%

2.87%

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 Capron Tax Rate

2.87%

Median Effective Boone County Tax Rate

2.69%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Capron, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61012	2.32%	2.71%	2.87%	3.11%	3.26%

Source: Ownwell

Property Tax Assessment Values Across Capron, Boone County, Illinois

When examining property taxes in Capron, 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 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: Boone County assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Capron. For example, the median home price in Capron is $153,303, with tax bills ranging significantly across the county. 61012 has the highest median home price at $153,303.

Property Tax Assessment Values Across Capron, Boone County, Illinois

Source: Ownwell

$148,732

$234,346

$319,959

Median Capron Market Value

$153,303

Median Boone County Market Value

$166,186

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Capron, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61012	$72,132	$108,864	$153,303	$196,035	$284,970

Source: Ownwell

Property Tax Bills Across Capron, Boone County, Illinois

In Capron, located in Boone County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $153,303, homeowners in Capron face a median property tax bill that can range significantly. While some pay as low as $2,937, others might see bills as high as $8,321, depending on their property's assessed value and local tax rate. This variability can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Such high property taxes can strain household budgets, making it crucial for homeowners to explore potential savings. This is where Ownwell can assist by offering expertise in property tax appeals and exemptions. By evaluating your property’s assessed value and ensuring it's fair, Ownwell can help reduce your tax burden, potentially saving you a substantial amount on your annual tax bill.

Property Tax Bills Across Capron, Boone County, Illinois

Source: Ownwell

$3,764

$6,003

$8,242

Median Capron Tax Bill

$4,276

Median Boone County Tax Bill

$4,339

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Capron, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61012	$1,291	$2,937	$4,276	$5,606	$8,321

Source: Ownwell