Rockford, Boone County, Illinois Property Taxes

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

Median Rockford, IL effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rockford, IL home value: $312,510
Median annual Rockford, IL tax bill: $8,149, $5,749 higher than the national median property tax bill of $2,400.

How are property taxes in Boone calculated?

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

Last Updated March 1, 2025

Rockford, Boone County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$8,282

$7,685

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

Property Tax Rates Across Rockford, Boone County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.

In Rockford, Boone County, IL, the effective property tax rate stands out when compared to other cities in Illinois and the national median. Illinois has a higher median property tax rate than the national average, with Rockford reflecting this trend. The highest median tax rate in Rockford is 2.65% in the 61114 zip code, while the lowest is 2.63% in the 61107 zip code. This range showcases the variance in tax rates even within a single city.

Understanding these variations is crucial for property owners who want to manage their expenses effectively. By appealing property taxes or seeking exemptions, homeowners can potentially reduce their tax burden, making it essential to stay informed about local tax trends and rates.

Property Tax Rates Across Rockford, 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 Rockford Tax Rate

2.65%

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 Rockford, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61107	2.44%	2.52%	2.63%	2.67%	2.70%
61114	2.49%	2.54%	2.65%	2.69%	2.76%
61108	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Rockford, Boone County, Illinois

When examining property taxes in Rockford, 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.

In 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 Rockford. For example, the median home price in Rockford is $312,510, with tax bills ranging significantly across the county. Zip code 61114 has the highest median home price at $319,959.

Property Tax Assessment Values Across Rockford, Boone County, Illinois

Source: Ownwell

$148,732

$234,346

$319,959

Median Rockford Market Value

$312,510

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 Rockford, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61107	$237,048	$267,375	$306,507	$341,955	$396,598
61114	$245,438	$276,229	$319,959	$376,703	$519,438
61108	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Rockford, Boone County, Illinois

In Rockford, Illinois, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the market value, and the local tax rate is applied to this assessed value to calculate the tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. In Boone County, where Rockford is located, the median property tax bill is significantly higher than the national median of $2,400, with the highest median tax bill reaching $8,242 in the 61114 zip code. This can pose a financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in securing fair tax bills, allowing them to save money and alleviate financial stress.

Property Tax Bills Across Rockford, Boone County, Illinois

Source: Ownwell

$3,764

$6,003

$8,242

Median Rockford Tax Bill

$8,149

Median Boone County Tax Bill

$4,339

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Rockford, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61107	$5,930	$6,773	$7,983	$9,023	$10,537
61114	$6,184	$7,188	$8,242	$9,906	$13,945
61108	N/A	N/A	N/A	N/A	N/A

Source: Ownwell