Odell, Livingston County, Illinois Property Taxes

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

Median Odell, IL effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Odell, IL home value: $152,550
Median annual Odell, IL tax bill: $4,716, $2,316 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Odell, Livingston County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.82%

Estimate Property Tax Bill

$4,302

$3,992

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

Property Tax Rates Across Odell, Livingston 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 services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Odell in Livingston County, Illinois, has an effective property tax rate significantly higher than the national median. The property tax rate in Odell stands out when compared to other cities in Illinois and across the U.S. The national median property tax rate is 1.02%, which is considerably lower than Odell's rate. This higher rate can impact property owners significantly, as they may face higher annual tax bills compared to those in other regions.

Residents in Odell may find it beneficial to explore property tax appeal and exemption services to potentially reduce their tax burden. Understanding how local tax rates are determined and how they compare to state and national averages can provide valuable insights for property owners looking to manage their expenses effectively.

Property Tax Rates Across Odell, Livingston County, Illinois

Source: Ownwell

2.69%

3.10%

3.51%

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 Odell Tax Rate

2.82%

Median Effective Livingston County Tax Rate

3.02%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Odell, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60460	2.17%	2.65%	2.82%	3.35%	3.61%

Source: Ownwell

Property Tax Assessment Values Across Odell, Livingston County, Illinois

When examining property taxes in Odell, 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 Livingston 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. Assessment notices: In Livingston 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 Odell. For example, the median home price in Odell is $152,550, with tax bills ranging significantly across the county. 60460 has the highest median home price at $152,550.

Property Tax Assessment Values Across Odell, Livingston County, Illinois

Source: Ownwell

$103,203

$160,239

$217,275

Median Odell Market Value

$152,550

Median Livingston County Market Value

$144,219

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Odell, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60460	$28,347	$94,700	$152,550	$217,154	$267,921

Source: Ownwell

Property Tax Bills Across Odell, Livingston County, Illinois

In Odell, located in Livingston 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 annual tax bill. In this region, the median property tax bill is significantly higher than the national median of $2,400, with figures ranging from $3,128 at the 25th percentile to $9,073 at the 90th percentile. This can place a considerable financial burden on homeowners. Various factors influence these taxes, including local government budgets and public service funding requirements. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies potential discrepancies and seeks to lower your tax bill. With professional guidance, homeowners can ensure their property is fairly assessed, potentially leading to significant savings on their annual tax obligations.

Property Tax Bills Across Odell, Livingston County, Illinois

Source: Ownwell

$3,410

$5,342

$7,273

Median Odell Tax Bill

$4,716

Median Livingston County Tax Bill

$4,592

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Odell, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60460	$1,427	$3,128	$4,716	$6,862	$9,073

Source: Ownwell