Clarence, Ford County, Illinois Property Taxes

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

Median Clarence, IL effective property tax rate: 2.33%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Clarence, IL home value: $34,920
Median annual Clarence, IL tax bill: $753, $1,647 lower than the national median property tax bill of $2,400.

How are property taxes in Ford County calculated?

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

Last Updated March 1, 2025

Clarence, Ford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.33%

Estimate Property Tax Bill

$814

$755

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

Property Tax Rates Across Clarence, Ford County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Clarence’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Clarence, 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 Clarence Tax Rate

2.33%

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 Clarence, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60960	1.52%	1.99%	2.33%	3.17%	3.17%

Source: Ownwell

Property Tax Assessment Values Across Clarence, Ford County, Illinois

When examining property taxes in Clarence, 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 Ford 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 Ford 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 Clarence. For example, the median home price in Clarence is $34,920, with tax bills ranging significantly across the county. 60960 has the highest median home price at $34,920.

Property Tax Assessment Values Across Clarence, Ford County, Illinois

Source: Ownwell

$34,920

$115,628

$196,335

Median Clarence Market Value

$34,920

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 Clarence, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60960	$6,576	$19,560	$34,920	$54,090	$78,396

Source: Ownwell

Property Tax Bills Across Clarence, Ford County, Illinois

In Clarence, 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 annual tax bill. With a median home price of $34,920, homeowners in Clarence might find their tax bills vary significantly. The 25th percentile tax bill is $499, while the 75th percentile is $1,073, and the 90th percentile reaches $1,911. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Clarence homeowners generally face lower tax bills. However, these taxes can still be a burden. Factors such as local government budgets and school funding needs influence the tax rate. Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Clarence, Ford County, Illinois

Source: Ownwell

$753

$3,138

$5,522

Median Clarence Tax Bill

$753

Median Ford County Tax Bill

$2,272

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Clarence, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60960	$208	$499	$753	$1,073	$1,911

Source: Ownwell