Poplar Grove, Boone County, Illinois Property Taxes

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

Median Poplar Grove, IL effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Poplar Grove, IL home value: $166,598
Median annual Poplar Grove, IL tax bill: $4,196, $1,796 higher than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

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

Last Updated March 1, 2025

Poplar Grove, Boone County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.64%

Estimate Property Tax Bill

$4,398

$4,081

Ownwell’s Poplar Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Poplar Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Poplar Grove’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 Poplar Grove, Boone County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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.

In Poplar Grove, located in Boone County, Illinois, the effective property tax rate is 2.64%, significantly higher than the national median property tax rate of 1.02%. This rate places Poplar Grove among the higher property tax areas in Illinois. The median property tax bill here is also notably above the national median of $2,400. Such a high tax rate can impact homeowners' financial planning and property investment decisions. Understanding these rates is crucial for property owners to accurately assess their annual tax liabilities and plan accordingly. Comparing Poplar Grove’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. provides valuable insights into the local tax landscape.

Property Tax Rates Across Poplar Grove, 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 Poplar Grove Tax Rate

2.64%

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 Poplar Grove, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61065	2.17%	2.38%	2.64%	2.78%	2.98%

Source: Ownwell

Property Tax Assessment Values Across Poplar Grove, Boone County, Illinois

When examining property taxes in Poplar Grove, 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.

In Boone 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 Poplar Grove. For example, the median home price in Poplar Grove is $166,598, with tax bills ranging significantly across the county. Zip code 61065 has the highest median home price at $166,598.

Property Tax Assessment Values Across Poplar Grove, Boone County, Illinois

Source: Ownwell

$148,732

$234,346

$319,959

Median Poplar Grove Market Value

$166,598

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 Poplar Grove, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61065	$88,749	$140,276	$166,598	$213,416	$281,084

Source: Ownwell

Property Tax Bills Across Poplar Grove, Boone County, Illinois

In Poplar Grove, 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 property tax bill. With a median home price of $166,598, homeowners face a substantial property tax burden, with the median tax bill in Poplar Grove being $4,196. This is significantly higher than the national median property tax bill of $2,400. Factors such as home improvements, neighborhood changes, and market trends can influence the assessed value, ultimately impacting the tax bill. Homeowners in Poplar Grove often find themselves paying more compared to the national average, which can strain finances. Ownwell can assist homeowners by analyzing their property assessments and identifying opportunities for appeals or exemptions. By leveraging expertise in local tax regulations, Ownwell can help reduce the tax burden, ensuring homeowners pay only their fair share and potentially saving them thousands of dollars annually.

Property Tax Bills Across Poplar Grove, Boone County, Illinois

Source: Ownwell

$3,764

$6,003

$8,242

Median Poplar Grove Tax Bill

$4,196

Median Boone County Tax Bill

$4,339

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Poplar Grove, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61065	$2,241	$3,345	$4,196	$5,783	$7,551

Source: Ownwell