Ogden, Illinois Property Taxes
The median property tax rate in Ogden, Illinois, is 2.27%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Ogden at $147,870, the typical annual property tax bill reaches $3,214, exceeding the national median of $2,690. Property taxes in Ogden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ogden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ogden or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ogden, Illinois 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 Ogden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ogden, Illinois
Property taxes in Ogden, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ogden is 2.27%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Ogden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ogden's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 61859 has the highest median property tax rate of 2.27%, while the same zip code also has the lowest median tax rate of 2.27%. Understanding how these cities compare with Ogden provides valuable insights into the varying tax landscape across Champaign County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogden Tax Rate
2.27%
Average Champaign County Tax Rate
2.54%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61859 | 1.87% | 2.12% | 2.27% | 2.36% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Ogden, Illinois
In Ogden, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Champaign County Appraisal District for tax purposes. In contrast, the assessed value 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. In Ogden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Ogden is $147,870, with tax bills ranging from $2,491 at the 25th percentile to $6,308 at the 90th percentile. The highest and lowest median tax bills are both $3,214 in zip code 61859. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ogden Assessed Value
$147,870
Average Champaign County Assessed Value
$152,850
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ogden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61859 | $85,380 | $118,695 | $147,870 | $197,790 | $278,190 |
Source: Ownwell
Property Tax Bills Across Ogden, Illinois
In Ogden, Champaign County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Ogden is $147,870. Local tax rates are applied to this assessed value to determine the annual tax bill. Multiple factors influence the final tax bill, including property size, location, and any applicable exemptions, such as for senior citizens or veterans. Homeowners in Ogden can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $2,491, while the 75th percentile reaches $4,495, and the 90th percentile can go up to $6,308. These variations highlight how individual property characteristics and local tax rates impact the amount owed. Compared to the national median property tax rate of 0.99%, Ogden's tax rates can lead to higher annual payments, affecting homeowners' financial planning and overall cost of living.
Average Ogden Tax Bill
$3,214
Average Champaign County Tax Bill
$3,816
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61859 | $1,689 | $2,491 | $3,214 | $4,495 | $6,308 |
Source: Ownwell