Oakland, Douglas County, Illinois Property Taxes

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

Median Oakland, IL effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Oakland, IL home value: $100,829
Median annual Oakland, IL tax bill: $2,486, $86 higher than the national median property tax bill of $2,400.

How are property taxes in Douglas calculated?

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

Last Updated March 1, 2025

Oakland, Douglas County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$2,470

$2,292

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

Property Tax Rates Across Oakland, Douglas 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. In Oakland, located in Douglas County, IL, the effective property tax rate stands at 2.45%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Oakland's rate aligns with the highest median tax rate in the state, which is also 2.45%. The consistency in this rate across different areas within the county reflects a uniform approach to property taxation. Despite the higher rate, understanding how these taxes contribute to local services can provide a clearer perspective on their importance.

Property Tax Rates Across Oakland, Douglas County, Illinois

Source: Ownwell

2.09%

2.27%

2.45%

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 Oakland Taxx Rate

2.45%

Median Effective Douglas County Taxx Rate

2.16%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Oakland, Douglas County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61943	1.66%	1.97%	2.45%	2.81%	5.45%

Source: Ownwell

Property Tax Assessment Values Across Oakland, Douglas County, Illinois

When examining property taxes in Oakland, 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 Douglas 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 Douglas 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 Oakland. For example, the median home price in Oakland is $100,829, with tax bills ranging significantly across the county. 61943 has the highest median home price at $100,829.

Property Tax Assessment Values Across Oakland, Douglas County, Illinois

Source: Ownwell

$28,260

$78,968

$129,675

Median Oakland Market Value

$100,829

Median Douglas County Market Value

$101,652

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Oakland, Douglas County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61943	$25,757	$67,046	$100,829	$145,290	$173,806

Source: Ownwell

Property Tax Bills Across Oakland, Douglas County, Illinois

In Oakland, located in Douglas County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Homeowners in Oakland face a median property tax bill of $2,486, which is slightly above the national median of $2,400. This means that while some homeowners pay as little as $1,649, others might see bills as high as $5,917, depending on their property's assessed value and location within the county. These property taxes can significantly impact a homeowner's budget, especially when the tax bill exceeds the national median. Ownwell steps in to assist homeowners by offering property tax appeal services that can potentially lower their assessed value, thus reducing their tax bill. By leveraging local market data and expertise, Ownwell can identify discrepancies in assessments and file appeals on behalf of homeowners, helping them achieve substantial savings on their property taxes.

Property Tax Bills Across Oakland, Douglas County, Illinois

Source: Ownwell

$435

$1,555

$2,675

Median Oakland Tax Bill

$2,486

Median Douglas County Tax Bill

$2,157

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Oakland, Douglas County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61943	$857	$1,649	$2,486	$4,124	$5,917

Source: Ownwell