Baileyville, Ogle County, Illinois Property Taxes

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

Median Baileyville, IL effective property tax rate: 2.15%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Baileyville, IL home value: $95,031
Median annual Baileyville, IL tax bill: $2,182, $218 lower than the national median property tax bill of $2,400.

How are property taxes in Ogle County calculated?

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

Last Updated March 1, 2025

Baileyville, Ogle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.15%

Estimate Property Tax Bill

$2,043

$1,896

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

Property Tax Rates Across Baileyville, Ogle County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually calculates its necessary budget to provide essential services and divides that by the total value of all taxable property within its boundaries. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Baileyville, located in Ogle County, IL, the effective property tax rate is a critical factor for property owners. When compared to other cities in Illinois, Baileyville's rate offers insight into the local tax landscape. Illinois, as a state, has a median property tax rate that is notably higher than the national median of 1.02%. This highlights the importance of understanding local tax rates for property owners in Baileyville. By comparing the effective property tax rate in Baileyville to the median rates in Illinois and the U.S., property owners can better gauge their tax obligations and make informed decisions about property ownership in the area.

Property Tax Rates Across Baileyville, Ogle County, Illinois

Source: Ownwell

2.05%

2.35%

2.65%

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 Baileyville Taxx Rate

2.15%

Median Effective Ogle County Taxx Rate

2.50%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Baileyville, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61007	1.40%	1.97%	2.15%	2.59%	2.63%

Source: Ownwell

Property Tax Assessment Values Across Baileyville, Ogle County, Illinois

When examining property taxes in Baileyville, IL, 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 Ogle 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 Ogle 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 Baileyville. For example, the median home price in Baileyville is $95,031, with tax bills ranging significantly across the county. Zip code 61007 has the highest median home price at $95,031.

Property Tax Assessment Values Across Baileyville, Ogle County, Illinois

Source: Ownwell

$95,031

$149,638

$204,244

Median Baileyville Market Value

$95,031

Median Ogle County Market Value

$139,425

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Baileyville, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61007	$48,466	$73,806	$95,031	$145,695	$204,210

Source: Ownwell

Property Tax Bills Across Baileyville, Ogle County, Illinois

In Baileyville, Ogle County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. Factors such as changes in market conditions, improvements to the property, and local budgetary needs can influence the assessed value and tax rate, affecting the final tax bill for homeowners. The median property tax bill in Baileyville is notably higher than the national median, with figures ranging from $1,439 at the 25th percentile to $5,019 at the 90th percentile. Homeowners may find these costs burdensome, but Ownwell can assist by providing expert property tax appeal and exemption services. By reviewing assessments for errors and ensuring homeowners receive applicable exemptions, Ownwell helps reduce tax bills, potentially saving homeowners significant sums and providing financial relief in a challenging tax environment.

Property Tax Bills Across Baileyville, Ogle County, Illinois

Source: Ownwell

$2,011

$3,340

$4,668

Median Baileyville Tax Bill

$2,182

Median Ogle County Tax Bill

$3,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Baileyville, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61007	$863	$1,439	$2,182	$3,341	$5,019

Source: Ownwell