Foosland, Ford County, Illinois Property Taxes

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

Median Foosland, IL effective property tax rate: 2.47%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Foosland, IL home value: $149,490
Median annual Foosland, IL tax bill: $3,462, $1,062 higher than the national median property tax bill of $2,400.

How are property taxes in Ford calculated?

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

Last Updated March 1, 2025

Foosland, Ford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.47%

Estimate Property Tax Bill

$3,692

$3,426

Ownwell’s Foosland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Foosland with just two data points. By entering your property's estimated assessed value, our calculator applies Foosland’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 Foosland, Ford 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. Below, you can compare Foosland’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 Foosland, 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 Foosland Tax Rate

2.47%

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 Foosland, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61845	1.92%	2.32%	2.47%	2.63%	2.68%

Source: Ownwell

Property Tax Assessment Values Across Foosland, Ford County, Illinois

When examining property taxes in Foosland, 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 Ford 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 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 Foosland.

For example, the median home price in Foosland is $149,490, with tax bills ranging significantly across the county. Zip code 61845 has the highest median home price at $149,490.

Property Tax Assessment Values Across Foosland, Ford County, Illinois

Source: Ownwell

$34,920

$115,628

$196,335

Median Foosland Market Value

$149,490

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 Foosland, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61845	$47,250	$102,210	$149,490	$236,220	$327,900

Source: Ownwell

Property Tax Bills Across Foosland, Ford County, Illinois

In Foosland, located in Ford County, IL, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the home's market value. The median home price in Foosland is $149,490, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as local tax rates and any applicable exemptions influence the final amount. Homeowners in Foosland face a median property tax bill of $3,462, which is notably higher than the national median of $2,400. This disparity highlights the significant impact property taxes can have on household budgets. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they pay only what is fair. Whether it's identifying discrepancies in assessed values or navigating exemption opportunities, Ownwell is committed to helping homeowners achieve substantial savings on their property taxes.

Property Tax Bills Across Foosland, Ford County, Illinois

Source: Ownwell

$753

$3,138

$5,522

Median Foosland Tax Bill

$3,462

Median Ford County Tax Bill

$2,272

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Foosland, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61845	$784	$2,341	$3,462	$6,220	$8,621

Source: Ownwell