Mount Morris, Ogle County, Illinois Property Taxes
Median Mount Morris, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mount Morris, IL home value: $98,318
Median annual Mount Morris, IL tax bill: $2,461, $61 higher than the national median property tax bill of $2,400.
How are property taxes in Ogle calculated?
Property taxes in Mount Morris, 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 Mount Morris’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Morris, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Morris, Ogle County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.57%
Estimate Property Tax Bill
$2,527
$2,345
Ownwell’s Mount Morris Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Morris with just two data points.
By entering your property's estimated assessed value, our calculator applies Mount Morris’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 Mount Morris, Ogle County, Illinois
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 Mount Morris Taxx Rate
2.57%
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 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 Mount Morris, Ogle County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61054 | 1.49% | 2.17% | 2.57% | 2.85% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across Mount Morris, Ogle County, Illinois
When examining property taxes in Mount Morris, 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 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 Mount Morris. For example, the median home price in Mount Morris is $98,318, with tax bills ranging significantly across the county. Zip code 61054 has the highest median home price at $98,318.
Property Tax Assessment Values Across Mount Morris, Ogle County, Illinois
Source: Ownwell
$95,031
$149,638
$204,244
Median Mount Morris Market Value
$98,318
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 Mount Morris, Ogle County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61054 | $56,244 | $73,764 | $98,318 | $128,696 | $161,433 |
Source: Ownwell
Property Tax Bills Across Mount Morris, Ogle County, Illinois
In Mount Morris, 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. With a median home price of $98,318, the tax bill is determined by multiplying the assessed value by the local tax rate. The median property tax bill in this area aligns closely with the national median, standing at $2,461. However, tax bills can vary significantly, with the 25th percentile at $1,680 and the 75th percentile reaching $3,416. Factors influencing these variations include property size, location, and any applicable exemptions.
High property tax bills can place a financial burden on homeowners, making it essential to explore ways to reduce them. This is where Ownwell can help. By offering expert property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their tax bills. Our team analyzes your property's assessed value, identifies discrepancies, and files appeals on your behalf, ensuring you pay only your fair share.
Median Mount Morris Tax Bill
$2,461
Median Ogle County Tax Bill
$3,458
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Mount Morris, Ogle County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61054 | $1,045 | $1,680 | $2,461 | $3,416 | $4,507 |
Source: Ownwell