Monroe Center, Ogle County, Illinois Property Taxes

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

Median Monroe Center, IL effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Monroe Center, IL home value: $157,960
Median annual Monroe Center, IL tax bill: $3,724, $1,324 higher than the national median property tax bill of $2,400.

How are property taxes in Ogle County calculated?

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

Last Updated March 1, 2025

Monroe Center, Ogle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$3,838

$3,562

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

Local government entities set tax rates, which can vary significantly within a state. Annually, each county 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Monroe Center, located in Ogle County, Illinois, the effective property tax rate stands at 2.43%. This rate is notably higher than the national median property tax rate of 1.02%. Additionally, Monroe Center shares the highest and lowest median tax rate in Illinois, both at 2.43%, indicating a uniformity in tax rates within this area. This comparison highlights the variance in property tax rates across different regions, emphasizing the importance of understanding local tax obligations. By analyzing these differences, property owners can better navigate their financial responsibilities and explore potential avenues for tax relief.

Property Tax Rates Across Monroe Center, 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 Monroe Center Tax Rate

2.43%

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 Monroe Center, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61052	1.96%	2.27%	2.43%	2.57%	2.79%

Source: Ownwell

Property Tax Assessment Values Across Monroe Center, Ogle County, Illinois

When examining property taxes in Monroe Center, 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 assessment office 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 the season. 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 Monroe Center.

For example, the median home price in Monroe Center is $157,960, with tax bills ranging significantly across the county. Zip code 61052 has the highest median home price at $157,960.

Property Tax Assessment Values Across Monroe Center, Ogle County, Illinois

Source: Ownwell

$95,031

$149,638

$204,244

Median Monroe Center Market Value

$157,960

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 Monroe Center, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61052	$87,851	$112,072	$157,960	$215,414	$303,032

Source: Ownwell

Property Tax Bills Across Monroe Center, Ogle County, Illinois

In Monroe Center, located in Ogle County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the market value of the property. The property tax rate is then applied to this assessed value to determine the homeowner’s annual tax bill. With a median home price of $157,960, residents in Monroe Center experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $2,581, while the 75th percentile reaches $5,468, and the 90th percentile peaks at $7,909. These figures are notably higher than the national median property tax bill of $2,400. High property taxes can place a substantial financial burden on homeowners. Ownwell specializes in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can assist in lowering property tax obligations, providing much-needed financial relief to homeowners.

Property Tax Bills Across Monroe Center, Ogle County, Illinois

Source: Ownwell

$2,011

$3,340

$4,668

Median Monroe Center Tax Bill

$3,724

Median Ogle County Tax Bill

$3,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe Center, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61052	$1,910	$2,581	$3,724	$5,468	$7,909

Source: Ownwell