Ozark, Pope County, Illinois Property Taxes
Median Ozark, IL effective property tax rate: 1.93%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ozark, IL home value: $65,430
Median annual Ozark, IL tax bill: $969, $1,431 lower than the national median property tax bill of $2,400.
How are property taxes in Pope County calculated?
Property taxes in Ozark, 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 Ozark’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ozark, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ozark, Pope County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.93%
Estimate Property Tax Bill
$1,263
$1,172
Ownwell’s Ozark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ozark with just two data points.
By entering your property's estimated assessed value, our calculator applies Ozark’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 Pope County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ozark, Pope County, Illinois
Local government entities are responsible for setting tax rates, which can differ significantly across Illinois. Each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable properties in their area, resulting in the property tax rate. This process, influenced by votes and laws, determines how much property owners contribute annually.
In Ozark, located in Pope County, the effective property tax rate is higher than the national median of 1.02%. The median property tax rate in Illinois is 1.93%, which is also higher than the national average. This means property owners in Ozark, as well as the rest of Pope County, contribute more in property taxes compared to many other regions in the United States. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By appealing property tax assessments or applying for exemptions, residents can potentially reduce their tax burden and ensure they are not overpaying.
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 Ozark Taxx Rate
1.93%
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 Pope County Taxx Rate
1.65%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Ozark, Pope County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62972 | 0.71% | 1.17% | 1.93% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Ozark, Pope County, Illinois
When examining property taxes in Ozark, 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 Pope County Assessor 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.
Assessment notices: In Pope 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 Ozark.
For example, the median home price in Ozark is $65,430, with tax bills ranging significantly across the county. Zip code 62972 has the highest median home price at $65,430.
Property Tax Assessment Values Across Ozark, Pope County, Illinois
Source: Ownwell
$65,430
$86,805
$108,180
Median Ozark Market Value
$65,430
Median Pope County Market Value
$84,555
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Ozark, Pope County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62972 | $27,099 | $47,310 | $65,430 | $84,021 | $183,558 |
Source: Ownwell
Property Tax Bills Across Ozark, Pope County, Illinois
Median Ozark Tax Bill
$969
Median Pope County Tax Bill
$1,262
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Ozark, Pope County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62972 | $426 | $478 | $969 | $1,288 | $2,207 |
Source: Ownwell