Orion, Henry County, Illinois Property Taxes

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

Median Orion, IL effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Orion, IL home value: $159,404
Median annual Orion, IL tax bill: $3,382, $982 higher than the national median property tax bill of $2,400.

How are property taxes in Henry calculated?

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

Last Updated March 1, 2025

Orion, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.22%

Estimate Property Tax Bill

$3,539

$3,284

Ownwell’s Orion Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Orion with just two data points. By entering your property's estimated assessed value, our calculator applies Orion’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 Orion, Henry 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 Orion’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Orion in Henry County stands out with a median property tax rate of 2.22%. This rate is significantly higher than the national median property tax rate of 1.02%. Homeowners in Orion face property tax bills that are well above the national median of $2400. Such high rates can impact the affordability of homeownership in the area. However, these taxes contribute to funding essential local services, which can enhance community living standards. Understanding these rates can help homeowners make informed decisions about property investments and potential tax appeals.

Property Tax Rates Across Orion, 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 Orion Tax Rate

2.22%

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 Orion, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61273	1.78%	2.07%	2.22%	2.36%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Orion, Henry County, Illinois

When examining property taxes in Orion, 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 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 Henry 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 Orion.

For example, the median home price in Orion is $159,404, with tax bills ranging significantly across the county. The zip code 61273 has the highest median home price at $159,404.

Property Tax Assessment Values Across Orion, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Orion Market Value

$159,404

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 Orion, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61273	$83,946	$119,719	$159,404	$211,688	$288,828

Source: Ownwell

Property Tax Bills Across Orion, Henry County, Illinois

In the city of Orion, located in Henry County, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value, and the tax rate is applied to this figure to determine the tax bill. Homeowners in Orion face a median property tax bill of $3,382, which is significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. This high tax burden can be challenging for homeowners, impacting their financial planning and overall affordability. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists in filing appeals, ensuring homeowners pay only their fair share. This service can lead to significant savings, making homeownership more affordable in Orion.

Property Tax Bills Across Orion, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Orion Tax Bill

$3,382

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Orion, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61273	$1,576	$2,453	$3,382	$4,695	$6,618

Source: Ownwell