Cropsey, Ford County, Illinois Property Taxes

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

Median Cropsey, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Cropsey, IL home value: $147,285
Median annual Cropsey, IL tax bill: $3,106, $706 higher than the national median property tax bill of $2,400.

How are property taxes in Ford calculated?

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

Last Updated March 1, 2025

Cropsey, Ford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$3,564

$3,308

Ownwell’s Cropsey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cropsey with just two data points. By entering your property's estimated assessed value, our calculator applies Cropsey’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 Cropsey, 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 Cropsey’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Cropsey, located in Ford County, has a median property tax rate of 2.42%. This rate is significantly higher than the national median of 1.02%. Despite the variability within the state, Cropsey’s rate is consistent with the highest and lowest rates in the region, both standing at 2.42%. This suggests a uniformity in property tax rates within this specific area, which might be attributed to the county's budgeting and valuation strategies. Understanding these rates can help property owners in Cropsey make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Cropsey, 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 Cropsey Tax Rate

2.42%

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 Cropsey, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61731	1.65%	2.08%	2.42%	2.58%	2.59%

Source: Ownwell

Property Tax Assessment Values Across Cropsey, Ford County, Illinois

When examining property taxes in Cropsey, 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 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 Cropsey.

For example, the median home price in Cropsey is $147,285, with tax bills ranging significantly across the county. Zip code 61731 has the highest median home price at $147,285.

Property Tax Assessment Values Across Cropsey, Ford County, Illinois

Source: Ownwell

$34,920

$115,628

$196,335

Median Cropsey Market Value

$147,285

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 Cropsey, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61731	$89,796	$94,980	$147,285	$213,682	$317,292

Source: Ownwell

Property Tax Bills Across Cropsey, Ford County, Illinois

In Cropsey, located in Ford County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value determined by the local assessor. The tax rate is then applied to this assessed value, resulting in the final tax bill. Homeowners in Cropsey face tax bills that can vary significantly, with the 25th percentile at $1,738 and the 75th percentile reaching $5,287, reflecting the diverse property values and tax rates within the area. This variability can significantly impact homeowners, influencing their overall housing costs and financial planning. With a median tax bill of $3,106, Cropsey homeowners pay above the national median property tax bill of $2,400. Ownwell offers valuable assistance to homeowners by identifying potential savings on property tax bills through appeals and exemptions. By leveraging expertise in local tax regulations and assessment practices, Ownwell can help ensure homeowners are not overpaying, providing peace of mind and potential financial relief.

Property Tax Bills Across Cropsey, Ford County, Illinois

Source: Ownwell

$753

$3,138

$5,522

Median Cropsey Tax Bill

$3,106

Median Ford County Tax Bill

$2,272

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Cropsey, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61731	$1,643	$1,738	$3,106	$5,287	$8,324

Source: Ownwell