Forreston, Ogle County, Illinois Property Taxes

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

Median Forreston, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Forreston, IL home value: $96,855
Median annual Forreston, IL tax bill: $2,325, $75 lower than the national median property tax bill of $2,400.

How are property taxes in Ogle calculated?

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

Last Updated March 1, 2025

Forreston, Ogle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$2,315

$2,148

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

Local government entities set tax rates, leading to significant variations within a state. Each county annually estimates its budget needs for services and divides this by the total value of all taxable properties within its area, resulting in the property tax rate. Though the process involves votes and legislation, this is essentially how it unfolds each year.

In Forreston, located in Ogle County, Illinois, the effective property tax rate stands at 2.39%. This rate is notably higher than the national median property tax rate of 1.02%. Property owners in Forreston face a tax bill that is considerably above the national median of $2,400. In comparison to other cities in Illinois, Forreston's rate is among the highest, reflecting the county's budgetary needs and property valuations.

Understanding these rates can help property owners in Forreston make informed decisions about appealing their property taxes or seeking exemptions. By comparing local rates to state and national averages, property owners can better assess their tax obligations and explore potential savings.

Property Tax Rates Across Forreston, 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 Forreston Tax Rate

2.39%

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 Forreston, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61030	1.78%	2.12%	2.39%	2.63%	3.05%

Source: Ownwell

Property Tax Assessment Values Across Forreston, Ogle County, Illinois

When examining property taxes in Forreston, 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 Forreston. For example, the median home price in Forreston is $96,855, with tax bills ranging significantly across the county. 61030 has the highest median home price at $96,855.

Property Tax Assessment Values Across Forreston, Ogle County, Illinois

Source: Ownwell

$95,031

$149,638

$204,244

Median Forreston Market Value

$96,855

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 Forreston, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61030	$54,616	$74,248	$96,855	$135,956	$191,850

Source: Ownwell

Property Tax Bills Across Forreston, Ogle County, Illinois

In Forreston, located in Ogle County, IL, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by county assessors and reflects a percentage of the property's market value. Homeowners in Forreston face an average property tax bill of $2,325, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,649 and the 75th percentile reaching $3,293. Several factors influence the final tax bill, including local tax rates set by various taxing authorities and any exemptions or deductions for which a homeowner may qualify. These taxes can be a significant financial burden, especially for those with higher-value homes. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell ensures that homeowners in Forreston pay only their fair share, potentially saving them hundreds or even thousands of dollars annually on their property tax bills.

Property Tax Bills Across Forreston, Ogle County, Illinois

Source: Ownwell

$2,011

$3,340

$4,668

Median Forreston Tax Bill

$2,325

Median Ogle County Tax Bill

$3,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Forreston, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61030	$1,118	$1,649	$2,325	$3,293	$4,780

Source: Ownwell