Oakford, Cass County, Illinois Property Taxes
Median OAKFORD, IL effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median OAKFORD, IL home value: $137,812
Median annual OAKFORD, IL tax bill: $2,893, $493 higher than the national median property tax bill of $2,400.
How are property taxes in Cass calculated?
Property taxes in OAKFORD, 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 OAKFORD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OAKFORD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oakford, Cass County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.13%
Estimate Property Tax Bill
$2,935
$2,724
Property Tax Rates Across Oakford, Cass 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 Oakford’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
In Oakford, located in Cass County, the median property tax rate stands at 2.13%. This is significantly higher than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, property owners in Oakford face higher tax obligations due to the elevated rate. This rate also represents the highest and lowest median tax rate within the region, highlighting a uniformity in tax rates across the area. Understanding these rates is crucial for property owners considering appeals or exemptions to potentially reduce their tax burden.
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 Oakford Tax Rate
2.13%
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 Cass County Tax Rate
2.27%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oakford, Cass County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62673 | 1.95% | 1.99% | 2.13% | 2.19% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Oakford, Cass County, Illinois
When examining property taxes in Oakford, 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 Cass County Assessor's Office 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 Cass 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 Oakford.
For example, the median home price in Oakford is $137,812, with tax bills ranging significantly across the county. 62673 has the highest median home price at $137,812.
Property Tax Assessment Values Across Oakford, Cass County, Illinois
Source: Ownwell
$64,650
$101,231
$137,812
Median Oakford Market Value
$137,812
Median Cass County Market Value
$72,645
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oakford, Cass County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62673 | $87,084 | $96,454 | $137,812 | $178,012 | $225,873 |
Source: Ownwell
Property Tax Bills Across Oakford, Cass County, Illinois
In Oakford, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to calculate the bill. Homeowners in Oakford face a median property tax bill of $2,893, slightly above the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,991 and the 90th percentile reaching $4,872. Factors such as changes in property value, local government budgets, and school funding needs can influence these rates, impacting how much homeowners pay annually.
Ownwell can assist homeowners in Oakford by reviewing their property assessments to ensure accuracy, identifying potential errors that could lead to higher tax bills. By leveraging industry expertise, Ownwell helps homeowners file appeals and apply for exemptions, potentially lowering their tax burden. This service not only provides financial relief but also ensures that homeowners are paying a fair amount relative to their property's value.
Median Oakford Tax Bill
$2,893
Median Cass County Tax Bill
$1,681
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakford, Cass County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62673 | $1,816 | $1,991 | $2,893 | $3,886 | $4,872 |
Source: Ownwell