Polo, Ogle County, Illinois Property Taxes

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

Median Polo, IL effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Polo, IL home value: $103,866
Median annual Polo, IL tax bill: $2,364, $36 lower than the national median property tax bill of $2,400.

How are property taxes in Ogle County calculated?

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

Last Updated March 1, 2025

Polo, Ogle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.29%

Estimate Property Tax Bill

$2,379

$2,207

Ownwell’s Polo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Polo with just two data points. By entering your property's estimated assessed value, our calculator applies Polo’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 Polo, 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 Polo’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Polo, located in Ogle County, reflects a median tax rate of 2.29%, significantly higher than the national median of 1.02%. This makes Polo's property tax rate among the highest in Illinois. The county's reliance on property taxes for funding essential services is evident in this rate. Comparatively, the national median property tax bill is $2400, underscoring the higher financial responsibility Polo homeowners face. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Polo, 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 Polo Tax Rate

2.29%

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 Polo, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61064	1.53%	1.98%	2.29%	2.54%	2.99%

Source: Ownwell

Property Tax Assessment Values Across Polo, Ogle County, Illinois

When examining property taxes in Polo, 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 Polo.

For example, the median home price in Polo is $103,866, with tax bills ranging significantly across the county. Zip code 61064 has the highest median home price at $103,866.

Property Tax Assessment Values Across Polo, Ogle County, Illinois

Source: Ownwell

$95,031

$149,638

$204,244

Median Polo Market Value

$103,866

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 Polo, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61064	$52,279	$74,499	$103,866	$147,984	$199,315

Source: Ownwell

Property Tax Bills Across Polo, Ogle County, Illinois

In Polo, located in Ogle County, IL, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor and typically represents a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. In Polo, the property tax rate may vary, but it often aligns closely with the national median property tax rate of 1.02%. For homeowners in Polo, the median property tax bill can range significantly, with the 25th percentile at $1,583 and the 75th percentile reaching $3,399. These figures highlight the variability in tax bills due to factors such as property value and local tax rates. Homeowners in Polo can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging Ownwell's services, homeowners can potentially lower their tax bills by ensuring their property is accurately assessed and by identifying any applicable exemptions or deductions.

Property Tax Bills Across Polo, Ogle County, Illinois

Source: Ownwell

$2,011

$3,340

$4,668

Median Polo Tax Bill

$2,364

Median Ogle County Tax Bill

$3,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Polo, Ogle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61064	$1,003	$1,583	$2,364	$3,399	$4,798

Source: Ownwell