Kings, Ogle County, Illinois Property Taxes

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

Median KINGS, IL effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median KINGS, IL home value: $131,358
Median annual KINGS, IL tax bill: $3,515, $1,115 higher than the national median property tax bill of $2,400.

How are property taxes in Ogle calculated?

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

Last Updated March 1, 2025

Kings, Ogle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.59%

Estimate Property Tax Bill

$3,402

$3,157

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare KINGS’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. The effective property tax rate in KINGS is significantly higher than the national median. This means that residents in KINGS pay a larger portion of their property's assessed value in taxes compared to the average U.S. homeowner. However, this higher rate supports local services and infrastructure, which are crucial for maintaining the quality of life in the community. Understanding how your property tax rate compares can help you make informed decisions about property ownership and investment in KINGS.

Property Tax Rates Across Kings, 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 Kings Taxx Rate

2.59%

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 Kings, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61068	2.02%	2.42%	2.59%	2.80%	2.93%

Source: Ownwell

Property Tax Assessment Values Across Kings, Ogle County, Illinois

When examining property taxes in KINGS, 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 KINGS. For example, the median home price in KINGS is $131,358, with tax bills ranging significantly across the county. 61068 has the highest median home price at $131,358.

Property Tax Assessment Values Across Kings, Ogle County, Illinois

Source: Ownwell

$95,031

$149,638

$204,244

Median Kings Market Value

$131,358

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 Kings, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61068	$71,163	$99,922	$131,358	$201,304	$237,186

Source: Ownwell

Property Tax Bills Across Kings, Ogle County, Illinois

In Kings, located in Ogle County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. This involves multiplying the assessed value of a home by the local tax rate. With a median home price of $131,358, homeowners in Kings face property tax bills that can vary significantly. The 25th percentile tax bill is approximately $2,466, while the 75th percentile reaches $5,374, and the 90th percentile climbs to $6,498. The highest median tax bill in the area is $3,515, which aligns with the national median property tax bill of $2,400. These taxes can be a significant financial burden for homeowners, impacting their budget and overall financial well-being. Ownwell offers valuable assistance to homeowners in Kings by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax bills, ensuring they pay only their fair share. This service can lead to substantial savings and alleviate the financial strain of high property taxes.

Property Tax Bills Across Kings, Ogle County, Illinois

Source: Ownwell

$2,011

$3,340

$4,668

Median Kings Tax Bill

$3,515

Median Ogle County Tax Bill

$3,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Kings, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61068	$1,548	$2,466	$3,515	$5,374	$6,498

Source: Ownwell