Bureau County Property Taxes
The median property tax rate in Bureau County is 2.33%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Bureau County at $89,799, the typical annual property tax bill reaches $2,024, which exceeds the national median of $2,690. Property taxes in Bureau County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bureau County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Princeton or another part of Bureau County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bureau County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Bureau County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bureau County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bureau County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bureau County, Illinois
Property taxes in Bureau County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bureau County is 2.33%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Bureau County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bureau County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Ladd has one of the higher property tax rates in Illinois at 3.01%, while the city of Kasbeer boasts one of the lowest at 1.53%. Analyzing how Bureau County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bureau County Tax Rate
2.33%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bureau County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 1.40% | 1.86% | 2.22% | 2.55% | 2.92% |
| Bradford | 1.36% | 1.52% | 1.89% | 2.14% | 2.16% |
| Buda | 0.98% | 1.61% | 2.08% | 2.64% | 3.16% |
| Bureau | 1.07% | 1.57% | 2.36% | 3.68% | 3.68% |
| Cherry | 1.21% | 1.84% | 2.28% | 2.55% | 2.85% |
| Dalzell | 1.70% | 2.40% | 2.85% | 3.13% | 3.55% |
| Depue | 0.97% | 1.50% | 2.03% | 3.09% | 3.09% |
| Dover | 0.77% | 1.54% | 2.09% | 2.65% | 2.65% |
| Henry | 0.91% | 1.05% | 1.60% | 1.95% | 2.10% |
| Hollowayville | 1.52% | 1.94% | 2.21% | 2.77% | 3.56% |
| Kasbeer | 0.99% | 1.31% | 1.53% | 2.22% | 2.22% |
| Kewanee | 2.08% | 2.09% | 2.12% | 2.14% | 2.16% |
| Ladd | 1.70% | 2.49% | 3.01% | 3.42% | 3.88% |
| La Moille | 1.35% | 1.78% | 2.15% | 2.38% | 2.79% |
| Malden | 0.97% | 1.46% | 2.00% | 2.25% | 2.66% |
| Manlius | 1.49% | 2.00% | 2.39% | 3.16% | 3.16% |
| Mendota | 1.72% | 1.88% | 1.96% | 2.14% | 2.28% |
| Mineral | 0.88% | 1.37% | 2.03% | 2.53% | 3.03% |
| Neponset | 1.12% | 1.64% | 2.13% | 2.60% | 2.95% |
| New Bedford | 0.54% | 1.05% | 1.96% | 2.62% | 2.62% |
| Ohio | 1.06% | 1.56% | 2.04% | 2.43% | 3.02% |
| Peru | 2.20% | 2.34% | 2.47% | 2.85% | 5.35% |
| Princeton | 1.44% | 1.85% | 2.21% | 2.47% | 2.81% |
| Putnam | 1.91% | 2.16% | 2.27% | 2.55% | 2.55% |
| Seatonville | 1.10% | 1.78% | 2.37% | 2.82% | 3.29% |
| Sheffield | 1.25% | 1.84% | 2.33% | 2.70% | 3.08% |
| Spring Valley | 1.75% | 2.44% | 2.91% | 3.37% | 3.75% |
| Tampico | 0.78% | 1.44% | 1.92% | 2.18% | 2.23% |
| Tiskilwa | 1.23% | 1.71% | 2.18% | 2.60% | 2.97% |
| Van Orin | 0.77% | 1.60% | 1.88% | 2.44% | 2.44% |
| Walnut | 1.30% | 1.96% | 2.35% | 2.66% | 3.15% |
| Wyanet | 1.35% | 1.84% | 2.35% | 2.64% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Bureau County, Illinois
In Bureau County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bureau County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Bureau County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, Peru has the highest median tax bill at $5,361, while New Bedford has the lowest at $514. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Bureau County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Bureau County Assessed Value
$89,799
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bureau County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $22,415 | $45,806 | $88,974 | $128,121 | $182,730 |
| Bradford | $57,098 | $89,874 | $129,894 | $178,496 | $210,030 |
| Buda | $14,148 | $34,112 | $55,401 | $77,262 | $124,434 |
| Bureau | $20,663 | $31,494 | $50,396 | $64,342 | $80,496 |
| Cherry | $39,647 | $54,857 | $82,850 | $126,020 | $172,131 |
| Dalzell | $45,120 | $66,741 | $107,781 | $146,220 | $178,248 |
| Depue | $31,497 | $40,311 | $50,646 | $65,508 | $77,451 |
| Dover | $12,496 | $25,119 | $53,094 | $83,672 | $110,297 |
| Henry | $44,330 | $72,932 | $95,556 | $132,452 | $173,548 |
| Hollowayville | $38,264 | $47,348 | $58,107 | $79,446 | $87,759 |
| Kasbeer | $26,800 | $36,530 | $50,205 | $68,899 | $84,103 |
| Kewanee | $163,373 | $175,368 | $195,360 | $215,352 | $227,347 |
| Ladd | $43,188 | $64,362 | $89,385 | $135,543 | $182,228 |
| La Moille | $42,467 | $70,536 | $100,056 | $139,410 | $195,258 |
| Malden | $23,607 | $47,408 | $79,362 | $108,906 | $143,433 |
| Manlius | $31,657 | $52,433 | $76,428 | $93,156 | $123,112 |
| Mendota | $38,229 | $119,912 | $231,492 | $345,926 | $451,401 |
| Mineral | $25,342 | $37,949 | $59,655 | $85,424 | $110,619 |
| Neponset | $16,509 | $35,319 | $57,810 | $96,351 | $140,106 |
| New Bedford | $8,212 | $19,017 | $45,459 | $76,548 | $92,714 |
| Ohio | $21,972 | $46,466 | $80,002 | $100,725 | $141,586 |
| Peru | $111,892 | $194,130 | $201,330 | $220,596 | $225,904 |
| Princeton | $55,406 | $82,762 | $119,187 | $173,253 | $232,581 |
| Putnam | $121,483 | $127,509 | $169,812 | $196,944 | $227,158 |
| Seatonville | $27,751 | $45,512 | $75,888 | $116,469 | $161,743 |
| Sheffield | $18,998 | $45,096 | $76,140 | $105,944 | $150,402 |
| Spring Valley | $37,023 | $57,927 | $84,771 | $134,486 | $186,830 |
| Tampico | $25,758 | $54,326 | $79,230 | $146,380 | $216,855 |
| Tiskilwa | $32,959 | $56,505 | $82,413 | $112,695 | $160,099 |
| Van Orin | $14,464 | $36,586 | $65,790 | $89,118 | $134,967 |
| Walnut | $39,928 | $58,161 | $89,226 | $125,738 | $157,722 |
| Wyanet | $27,972 | $53,642 | $85,860 | $112,782 | $140,917 |
Source: Ownwell
Property Tax Bills Across Bureau County, Illinois
Property tax bills in Bureau County, Illinois, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The assessment ratio and the local tax rate are key factors in determining the final tax bill. For homeowners in Bureau County, the median home price is $89,799. The tax bill for properties at the 25th percentile is $1,157, while those at the 75th percentile face a tax bill of $3,280. At the 90th percentile, the tax bill can reach up to $4,803. The highest median tax bill in the county is found in Peru, where it stands at $5,361, whereas New Bedford has the lowest median tax bill at $514. These figures highlight the variability within the county and can significantly affect homeowners' finances. Compared to the national median property tax rate of 0.99%, Bureau County's tax rates can be considered relatively high, impacting the overall cost of homeownership in the region.
Average Bureau County Tax Bill
$2,024
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Bureau County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $355 | $932 | $1,685 | $3,028 | $4,366 |
| Bradford | $974 | $1,477 | $1,915 | $3,002 | $4,099 |
| Buda | $271 | $567 | $1,091 | $1,756 | $2,536 |
| Bureau | $312 | $500 | $1,048 | $1,607 | $2,095 |
| Cherry | $528 | $1,035 | $1,821 | $2,916 | $4,291 |
| Dalzell | $916 | $1,624 | $2,815 | $4,187 | $5,295 |
| Depue | $371 | $672 | $1,038 | $1,394 | $1,867 |
| Dover | $260 | $375 | $781 | $1,721 | $2,342 |
| Henry | $464 | $826 | $1,066 | $2,612 | $3,640 |
| Hollowayville | $611 | $1,067 | $1,318 | $1,927 | $2,332 |
| Kasbeer | $586 | $626 | $818 | $1,049 | $1,274 |
| Kewanee | $3,398 | $3,681 | $4,154 | $4,626 | $4,909 |
| Ladd | $907 | $1,541 | $2,539 | $4,139 | $6,028 |
| La Moille | $651 | $1,329 | $2,058 | $3,150 | $4,132 |
| Malden | $288 | $749 | $1,369 | $2,126 | $2,826 |
| Manlius | $629 | $1,079 | $1,660 | $2,358 | $2,823 |
| Mendota | $734 | $2,360 | $4,412 | $6,292 | $9,350 |
| Mineral | $323 | $566 | $1,103 | $1,769 | $2,549 |
| Neponset | $337 | $594 | $1,184 | $1,888 | $3,221 |
| New Bedford | $121 | $269 | $514 | $1,138 | $1,703 |
| Ohio | $371 | $704 | $1,506 | $2,172 | $2,780 |
| Peru | $4,101 | $4,240 | $5,361 | $5,455 | $5,496 |
| Princeton | $966 | $1,631 | $2,541 | $3,850 | $5,166 |
| Putnam | $2,560 | $2,952 | $3,967 | $4,338 | $4,889 |
| Seatonville | $353 | $839 | $1,609 | $2,925 | $4,622 |
| Sheffield | $312 | $759 | $1,619 | $2,552 | $3,924 |
| Spring Valley | $817 | $1,470 | $2,391 | $3,936 | $5,900 |
| Tampico | $229 | $600 | $1,501 | $2,929 | $4,714 |
| Tiskilwa | $531 | $1,046 | $1,655 | $2,536 | $3,675 |
| Van Orin | $197 | $521 | $1,128 | $1,733 | $2,643 |
| Walnut | $685 | $1,171 | $1,948 | $2,905 | $3,928 |
| Wyanet | $493 | $1,000 | $1,864 | $2,629 | $3,570 |
Source: Ownwell