Ford County, Illinois Property Taxes

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

Median Ford County effective property tax rate: 2.52%, significantly higher than the national median of 1.02%. Median Ford County home value: $93,960. Median annual Ford County tax bill: $2,272, $128 lower than the national median property tax bill of $2,400.

How are property taxes in Ford County calculated?

Property taxes in Ford County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Paxton or another part of Ford County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.52%

Estimate Property Tax Bill

$2,368

$2,197

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

Property Tax Rates Across Ford County, Illinois

Local government entities set tax rates, which can vary significantly within a state. Annually, each county estimates its required budget 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, this is the annual process in a nutshell. In Ford County, the effective property tax rate stands at 2.52%, which is considerably higher than the national median of 1.02%. Within Illinois, Ford County's rate is surpassed by Rankin with the highest median tax rate of 3.17%. On the other hand, Sibley has the lowest median tax rate in the county at 2.27%. This variation highlights the importance of understanding local tax structures, especially when the national median property tax bill is $2,400. Comparing these rates helps property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Ford County, Illinois

Source: Ownwell

2.27%

2.72%

3.17%

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 Ford County Tax Rate

2.52%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ford County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Cabery	1.45%	2.04%	2.42%	2.81%	3.11%
Clarence	1.52%	1.99%	2.33%	3.17%	3.17%
Cropsey	1.65%	2.08%	2.42%	2.58%	2.59%
Cullom	2.44%	2.54%	2.98%	3.10%	3.19%
Elliott	1.23%	1.82%	2.28%	2.60%	3.05%
Foosland	1.92%	2.32%	2.47%	2.63%	2.68%
Gibson City	1.52%	2.08%	2.34%	2.63%	2.71%
Kempton	1.73%	2.30%	2.79%	3.04%	3.40%
Loda	2.42%	2.60%	2.87%	3.15%	3.27%
Ludlow	2.02%	2.21%	2.48%	2.65%	2.81%
Melvin	1.19%	1.79%	2.35%	2.88%	2.94%
Paxton	1.84%	2.33%	2.66%	2.89%	3.33%
Piper City	1.43%	2.08%	2.63%	2.96%	3.36%
Rankin	2.30%	2.71%	3.17%	3.17%	3.48%
Roberts	1.41%	1.95%	2.61%	3.13%	3.15%
Sibley	1.33%	1.71%	2.27%	2.70%	2.95%
Thawville	2.00%	2.30%	2.71%	2.93%	2.97%
Anchor	N/A	N/A	N/A	N/A	N/A
Ashkum	N/A	N/A	N/A	N/A	N/A
Buckingham	N/A	N/A	N/A	N/A	N/A
Buckley	N/A	N/A	N/A	N/A	N/A
Chatsworth	N/A	N/A	N/A	N/A	N/A
Clifton	N/A	N/A	N/A	N/A	N/A
Herscher	N/A	N/A	N/A	N/A	N/A
Onarga	N/A	N/A	N/A	N/A	N/A
Strawn	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Ford County, Illinois

When examining property taxes in Ford County, 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 Ford County assessment 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.

Assessment notices: In Ford 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 Ford County. For example, the median tax bill in Ford County is $2,400, with tax bills ranging significantly across the county. Cullom has the highest median home price at $196,335.

Property Tax Assessment Values Across Ford County, Illinois

Source: Ownwell

$34,920

$115,628

$196,335

Median Ford County Market Value

$93,960

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ford County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Cabery	$31,191	$44,325	$75,255	$105,990	$178,977
Clarence	$6,576	$19,560	$34,920	$54,090	$78,396
Cropsey	$89,796	$94,980	$147,285	$213,682	$317,292
Cullom	$51,135	$123,818	$196,335	$248,258	$305,535
Elliott	$20,184	$40,440	$64,350	$92,280	$111,168
Foosland	$47,250	$102,210	$149,490	$236,220	$327,900
Gibson City	$51,456	$79,890	$113,880	$172,500	$253,092
Kempton	$31,230	$47,550	$75,870	$145,890	$221,190
Loda	$88,260	$101,985	$138,225	$209,198	$290,910
Ludlow	$36,054	$84,952	$135,675	$165,615	$194,142
Melvin	$19,824	$38,985	$64,200	$115,215	$241,701
Paxton	$48,459	$71,190	$94,050	$128,835	$184,230
Piper City	$27,990	$43,005	$74,310	$110,640	$167,655
Rankin	$53,628	$80,220	$150,870	$178,380	$250,902
Roberts	$21,000	$36,240	$65,520	$118,950	$193,878
Sibley	$28,683	$42,645	$71,835	$118,845	$274,974
Thawville	$65,775	$88,440	$124,725	$178,575	$252,360
Anchor	N/A	N/A	N/A	N/A	N/A
Ashkum	N/A	N/A	N/A	N/A	N/A
Buckingham	N/A	N/A	N/A	N/A	N/A
Buckley	N/A	N/A	N/A	N/A	N/A
Chatsworth	N/A	N/A	N/A	N/A	N/A
Clifton	N/A	N/A	N/A	N/A	N/A
Herscher	N/A	N/A	N/A	N/A	N/A
Onarga	N/A	N/A	N/A	N/A	N/A
Strawn	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Ford County, Illinois

In Ford County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners, this means that changes in the real estate market can directly influence their tax obligations. The median home price in Ford County is $93,960, and property taxes can vary significantly. For instance, the 25th percentile tax bill is $1,328, while the 75th percentile reaches $3,634, and the 90th percentile climbs to $5,817. The city of Cullom has the highest median tax bill at $5,522, whereas Clarence offers the lowest at $753. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Ford County presents a diverse range of tax burdens. These variations can affect homeowners' financial planning and the overall affordability of living in different areas within the county.

Property Tax Bills Across Ford County, Illinois

Source: Ownwell

$753

$3,138

$5,522

Median Ford County Tax Bill

$2,272

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Ford County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Cabery	$437	$925	$1,616	$2,671	$4,713
Clarence	$208	$499	$753	$1,073	$1,911
Cropsey	$1,643	$1,738	$3,106	$5,287	$8,324
Cullom	$1,038	$3,404	$5,522	$7,684	$8,901
Elliott	$203	$699	$1,370	$2,022	$2,707
Foosland	$784	$2,341	$3,462	$6,220	$8,621
Gibson City	$904	$1,557	$2,489	$4,050	$6,256
Kempton	$617	$1,085	$1,907	$4,115	$6,453
Loda	$2,154	$2,950	$3,944	$5,811	$9,005
Ludlow	$1,014	$1,560	$2,907	$4,117	$4,953
Melvin	$312	$670	$1,297	$3,037	$6,500
Paxton	$1,059	$1,675	$2,433	$3,483	$5,139
Piper City	$477	$923	$1,800	$2,881	$4,566
Rankin	$1,375	$2,286	$4,304	$5,841	$8,578
Roberts	$308	$745	$1,407	$3,261	$6,214
Sibley	$408	$758	$1,448	$2,876	$7,224
Thawville	$1,450	$2,044	$3,196	$4,893	$6,976
Anchor	N/A	N/A	N/A	N/A	N/A
Ashkum	N/A	N/A	N/A	N/A	N/A
Buckingham	N/A	N/A	N/A	N/A	N/A
Buckley	N/A	N/A	N/A	N/A	N/A
Chatsworth	N/A	N/A	N/A	N/A	N/A
Clifton	N/A	N/A	N/A	N/A	N/A
Herscher	N/A	N/A	N/A	N/A	N/A
Onarga	N/A	N/A	N/A	N/A	N/A
Strawn	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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