Oblong, Jasper County, Illinois Property Taxes

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

Median Oblong, IL effective property tax rate: 6.27%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Oblong, IL home value: $25,410
Median annual Oblong, IL tax bill: $1,521, $879 lower than the national median property tax bill of $2,400.

How are property taxes in Jasper calculated?

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

Last Updated March 1, 2025

Oblong, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.27%

Estimate Property Tax Bill

$1,593

$1,478

Ownwell’s Oblong Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oblong with just two data points.

By entering your property's estimated assessed value, our calculator applies Oblong’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 Jasper County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oblong, Jasper County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget required to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Oblong, located in Jasper County, Illinois, the effective property tax rate stands out when compared to other cities in the state. The median property tax rate in Illinois is notably higher than the national median rate of 1.02%. This makes Oblong's property tax rate a significant point of interest for property owners. Understanding these rates is crucial for property owners aiming to manage their expenses effectively. By comparing local rates with state and national averages, property owners can gain insights into their tax obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Oblong, Jasper County, Illinois

Source: Ownwell

2.72%

4.95%

7.18%

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 Oblong Tax Rate

6.27%

Median Effective Jasper County Tax Rate

6.74%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oblong, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62449	2.71%	4.54%	6.27%	7.43%	7.86%

Source: Ownwell

Property Tax Assessment Values Across Oblong, Jasper County, Illinois

When examining property taxes in Oblong, 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 Jasper 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 Jasper 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 Oblong. For example, the median home price in Oblong is $25,410, with tax bills ranging significantly across the county. Zip code 62449 has the highest median home price at $25,410.

Property Tax Assessment Values Across Oblong, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median Oblong Market Value

$25,410

Median Jasper County Market Value

$34,930

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oblong, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62449	$9,780	$14,570	$25,410	$40,240	$59,395

Source: Ownwell

Property Tax Bills Across Oblong, Jasper County, Illinois

In Oblong, located in Jasper County, IL, property tax bills are determined by 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 calculate the tax bill. Factors such as local government budgets and school funding needs influence the tax rate, impacting the overall tax bill for homeowners. With a median home price of $25,410, homeowners in Oblong face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $731, while the 75th percentile reaches $2,595, and the 90th percentile can be as high as $4,485. This variation is noteworthy, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners in Oblong by providing expert property tax appeal services, potentially lowering their tax bills. By evaluating assessed values and ensuring fairness, Ownwell helps homeowners achieve significant savings on their property taxes.

Property Tax Bills Across Oblong, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median Oblong Tax Bill

$1,521

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Oblong, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62449	$402	$731	$1,521	$2,595	$4,485

Source: Ownwell