Dakota, Stephenson County, Illinois Property Taxes

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

Median Dakota, IL effective property tax rate: 3.48%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dakota, IL home value: $78,687
Median annual Dakota, IL tax bill: $2,740, $340 higher than the national median property tax bill of $2,400.

How are property taxes in Stephenson calculated?

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

Last Updated March 1, 2025

Dakota, Stephenson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.48%

Estimate Property Tax Bill

$2,738

$2,541

Ownwell’s Dakota Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dakota with just two data points. By entering your property's estimated assessed value, our calculator applies Dakota’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 Stephenson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Dakota, Stephenson County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their budgets needed for services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting rates and budgets, this is the core of the annual process.

In Dakota, located in Stephenson County, the effective property tax rate is notably higher than the national median of 1.02%. This rate reflects the county's financial needs and the total taxable property value. When comparing Dakota’s rate to other cities in Illinois, it stands out, as the state itself has a diverse range of rates. Illinois often sees higher tax rates due to its budgetary requirements, and Dakota exemplifies this trend.

For homeowners, understanding these rates is crucial for financial planning. Comparing Dakota’s rate to the national median provides insight into local government funding strategies and how they impact property owners. By staying informed, property owners can better navigate the complexities of property taxes and make informed decisions.

Property Tax Rates Across Dakota, Stephenson County, Illinois

Source: Ownwell

2.57%

3.02%

3.48%

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 Dakota Tax Rate

3.48%

Median Effective Stephenson County Tax Rate

3.21%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dakota, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61018	2.74%	3.37%	3.48%	3.49%	3.69%

Source: Ownwell

Property Tax Assessment Values Across Dakota, Stephenson County, Illinois

When examining property taxes in Dakota, 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 Stephenson 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 Stephenson 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 Dakota. For example, the median home price in Dakota is $78,687, with tax bills ranging significantly across the county. Zip code 61018 has the highest median home price at $78,687.

Property Tax Assessment Values Across Dakota, Stephenson County, Illinois

Source: Ownwell

$51,878

$101,664

$151,449

Median Dakota Market Value

$78,687

Median Stephenson County Market Value

$60,276

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dakota, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61018	$20,436	$58,748	$78,687	$110,958	$165,255

Source: Ownwell

Property Tax Bills Across Dakota, Stephenson County, Illinois

In Dakota, located in Stephenson County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $78,687, Dakota's property taxes can vary significantly. For instance, the 25th percentile tax bill is $1,757, while the 75th percentile reaches $3,999, and the 90th percentile can be as high as $6,091. Notably, the highest and lowest median tax bills in the area are both $2,740, which is above the national median property tax bill of $2,400. This suggests that homeowners in Dakota often face higher-than-average property tax burdens. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying, thus providing significant savings and financial relief.

Property Tax Bills Across Dakota, Stephenson County, Illinois

Source: Ownwell

$1,662

$2,839

$4,016

Median Dakota Tax Bill

$2,740

Median Stephenson County Tax Bill

$1,883

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Dakota, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61018	$665	$1,757	$2,740	$3,999	$6,091

Source: Ownwell