Davis Junction, Ogle County, Illinois Property Taxes

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

Median Davis Junction, IL effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Davis Junction, IL home value: $181,716
Median annual Davis Junction, IL tax bill: $4,524, $2,124 higher than the national median property tax bill of $2,400.

How are property taxes in Ogle County calculated?

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

Last Updated March 1, 2025

Davis Junction, Ogle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.49%

Estimate Property Tax Bill

$4,525

$4,199

Ownwell’s Davis Junction Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Davis Junction with just two data points. By entering your property's estimated assessed value, our calculator applies Davis Junction’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 Davis Junction, Ogle County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. The result is the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Davis Junction, located in Ogle County, the effective property tax rate is 2.49%, which is significantly higher than the national median of 1.02%. This means property owners in Davis Junction pay a larger portion of their property's assessed value in taxes compared to many other places nationally. The median property tax bill in the area is expected to be considerably higher than the national median of $2,400, reflecting the higher rate. Understanding these differences can help property owners in Davis Junction better anticipate their tax obligations and consider potential savings through property tax appeals and exemptions.

Property Tax Rates Across Davis Junction, 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 Davis Junction Tax Rate

2.49%

Median Effective Ogle County Tax Rate

2.50%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Davis Junction, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61020	2.14%	2.38%	2.49%	2.53%	2.60%

Source: Ownwell

Property Tax Assessment Values Across Davis Junction, Ogle County, Illinois

When examining property taxes in Davis Junction, 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 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 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 Davis Junction. For example, the median home price in Davis Junction is $181,716, with tax bills ranging significantly across the county. ZIP code 61020 has the highest median home price at $181,716.

Property Tax Assessment Values Across Davis Junction, Ogle County, Illinois

Source: Ownwell

$95,031

$149,638

$204,244

Median Davis Junction Market Value

$181,716

Median Ogle County Market Value

$139,425

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Davis Junction, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61020	$125,471	$156,003	$181,716	$205,716	$233,146

Source: Ownwell

Property Tax Bills Across Davis Junction, Ogle County, Illinois

In Davis Junction, located in Ogle County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, a home with a median price of $181,716 can expect a property tax bill reflecting this assessed value. The median property tax bill in this area is notably higher than the national median, with figures ranging from $3,720 at the 25th percentile to $5,893 at the 90th percentile. This variance highlights the significant impact of property taxes on homeowners' finances in the region. Factors influencing the tax bill include local tax rates and the assessed value of the property. For homeowners feeling the burden of these taxes, Ownwell offers valuable assistance. By providing expert property tax appeal services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share. With professional guidance, homeowners can better navigate the complexities of property taxes and achieve substantial savings.

Property Tax Bills Across Davis Junction, Ogle County, Illinois

Source: Ownwell

$2,011

$3,340

$4,668

Median Davis Junction Tax Bill

$4,524

Median Ogle County Tax Bill

$3,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Davis Junction, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61020	$2,750	$3,720	$4,524	$5,208	$5,893

Source: Ownwell