Ophiem, Henry County, Illinois Property Taxes

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

Median Ophiem, IL effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ophiem, IL home value: $81,080
Median annual Ophiem, IL tax bill: $1,714, $686 lower than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

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

Last Updated March 1, 2025

Ophiem, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$1,849

$1,715

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

Property Tax Rates Across Ophiem, Henry County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process. In Ophiem, located in Henry County, Illinois, the effective property tax rate is notably higher than both the state and national medians. With a rate of 2.28%, it's considerably above the national median property tax rate of 1.02%. This means that property owners in Ophiem pay a higher percentage of their property's assessed value in taxes compared to the national average. When compared to other cities in Illinois, Ophiem's rate stands out as one of the highest in the state. Understanding these rates is crucial for property owners in planning and managing their finances effectively.

Property Tax Rates Across Ophiem, Henry County, Illinois

Source: Ownwell

1.96%

2.25%

2.55%

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 Ophiem Tax Rate

2.28%

Median Effective Henry County Tax Rate

2.38%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ophiem, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61468	1.07%	2.02%	2.28%	2.75%	2.79%

Source: Ownwell

Property Tax Assessment Values Across Ophiem, Henry County, Illinois

When examining property taxes in Ophiem, 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 Henry 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 Henry 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 Ophiem.

For example, the median home price in Ophiem is $81,080, with tax bills ranging significantly across the county. Zip code 61468 has the highest median home price at $81,080.

Property Tax Assessment Values Across Ophiem, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Ophiem Market Value

$81,080

Median Henry County Market Value

$112,041

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ophiem, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61468	$17,181	$51,669	$81,080	$117,704	$136,698

Source: Ownwell

Property Tax Bills Across Ophiem, Henry County, Illinois

In Ophiem, located in Henry County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $81,080, which is used as a baseline for calculating the tax bill. The assessed value typically represents a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, subsequently, the tax bill. Homeowners in Ophiem experience a range of tax bills, with the 25th percentile at $859 and the 90th percentile reaching $3,291. The median tax bill of $1,714 is below the national median of $2,400, offering some relief to local homeowners. Ownwell can assist homeowners by identifying potential errors in assessments and filing appeals, ultimately helping to reduce their property tax burden and ensure fair taxation.

Property Tax Bills Across Ophiem, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Ophiem Tax Bill

$1,714

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Ophiem, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61468	$274	$859	$1,714	$2,576	$3,291

Source: Ownwell