Bureau, Bureau County, Illinois Property Taxes

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

Median Bureau, IL effective property tax rate: 2.36%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Bureau, IL home value: $50,396
Median annual Bureau, IL tax bill: $1,048, $1,352 lower than the national median property tax bill of $2,400.

How are property taxes in Bureau calculated?

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

Last Updated March 1, 2025

Bureau, Bureau County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.36%

Estimate Property Tax Bill

$1,189

$1,104

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

Property Tax Rates Across Bureau, Bureau County, Illinois

Local government entities in Illinois set property tax rates, which can vary widely within the state. Each county estimates its required budget annually to provide essential 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. Bureau County, for instance, has a median property tax rate of 2.36%, which is significantly higher than the national median of 1.02%. This means property owners in Bureau County typically pay more compared to the national average. Comparing Bureau's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. can provide valuable insights for property owners. Understanding these differences can help taxpayers make more informed decisions and potentially save on their property taxes.

Property Tax Rates Across Bureau, Bureau County, Illinois

Source: Ownwell

1.53%

2.27%

3.01%

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 Bureau Taxx Rate

2.36%

Median Effective Bureau County Taxx Rate

2.33%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Bureau, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61315	1.07%	1.57%	2.36%	3.68%	3.68%

Source: Ownwell

Property Tax Assessment Values Across Bureau, Bureau County, Illinois

When examining property taxes in Bureau, 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 Bureau 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: In Bureau 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 Bureau. For example, the median home price in Bureau is $50,396, with tax bills ranging significantly across the county. 61315 has the highest median home price at $50,396.

Property Tax Assessment Values Across Bureau, Bureau County, Illinois

Source: Ownwell

$45,459

$138,476

$231,492

Median Bureau Market Value

$50,396

Median Bureau County Market Value

$89,799

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Bureau, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61315	$20,663	$31,494	$50,396	$64,342	$80,496

Source: Ownwell

Property Tax Bills Across Bureau, Bureau County, Illinois

In Bureau, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $50,396, homeowners in Bureau can expect a range of tax bills. For example, the 25th percentile tax bill is $500, while the 75th percentile reaches $1,607, and the 90th percentile can be as high as $2,095. This variability means that tax bills can significantly impact homeowners' finances, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing the assessed value and ensuring it accurately reflects the market value, Ownwell helps homeowners potentially lower their tax bills. This service can be particularly beneficial for those in Bureau, where even small adjustments can lead to significant savings.

Property Tax Bills Across Bureau, Bureau County, Illinois

Source: Ownwell

$514

$2,463

$4,412

Median Bureau Tax Bill

$1,048

Median Bureau County Tax Bill

$2,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Bureau, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61315	$312	$500	$1,048	$1,607	$2,095

Source: Ownwell