Stillman Valley, Ogle County, Illinois Property Taxes
Median Stillman Valley, IL effective property tax rate: 2.60%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Stillman Valley, IL home value: $179,745
Median annual Stillman Valley, IL tax bill: $4,668, $2,268 higher than the national median property tax bill of $2,400.
How are property taxes in Ogle County calculated?
Property taxes in Stillman Valley, 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 Stillman Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stillman Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stillman Valley, Ogle County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.6%
Estimate Property Tax Bill
$4,673
$4,337
Property Tax Rates Across Stillman Valley, Ogle County, Illinois
Local government entities set property tax rates, which can vary widely 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. 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.
Stillman Valley in Ogle County, Illinois, has an effective property tax rate that stands out compared to other cities in Illinois and the national average. With a median property tax rate of 2.60%, Stillman Valley significantly exceeds the national median of 1.02%. This higher rate reflects the local government's budgetary needs and the total assessed property value within the area. For residents, this means a higher property tax bill compared to the national median bill of $2400. Understanding these dynamics can be crucial for homeowners considering property tax appeals or exemptions, as it highlights the importance of local budget requirements in determining tax rates.
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 Stillman Valley Tax Rate
2.60%
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 Tax Rate
2.50%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stillman Valley, Ogle County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61084 | 2.19% | 2.44% | 2.60% | 2.73% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Stillman Valley, Ogle County, Illinois
When examining property taxes in Stillman Valley, 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 Stillman Valley. For example, the median home price in Stillman Valley is $179,745, with tax bills ranging significantly across the county. Zip code 61084 has the highest median home price at $179,745.
Property Tax Assessment Values Across Stillman Valley, Ogle County, Illinois
Source: Ownwell
$95,031
$149,638
$204,244
Median Stillman Valley Market Value
$179,745
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 Stillman Valley, Ogle County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61084 | $102,079 | $139,614 | $179,745 | $248,211 | $337,937 |
Source: Ownwell
Property Tax Bills Across Stillman Valley, Ogle County, Illinois
In Stillman Valley, located in Ogle County, IL, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors and reflects a percentage of the home's market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Stillman Valley often face higher tax bills compared to the national median. The median property tax bill in this area is $4,668, significantly above the national median of $2,400. Factors such as local government budgets, school funding, and public services contribute to the higher rates, which can impact homeowners' finances.
Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities. This can lead to substantial savings, easing the financial burden on homeowners. With Ownwell's guidance, homeowners can navigate the complexities of property tax assessments and ensure they are not overpaying on their tax bills.
Median Stillman Valley Tax Bill
$4,668
Median Ogle County Tax Bill
$3,458
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Stillman Valley, Ogle County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61084 | $2,525 | $3,488 | $4,668 | $6,573 | $8,982 |
Source: Ownwell