Lena, Stephenson County, Illinois Property Taxes

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

Median Lena, IL effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Lena, IL home value: $151,449
Median annual Lena, IL tax bill: $4,016, $1,616 higher than the national median property tax bill of $2,400.

How are property taxes in Stephenson calculated?

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

Last Updated March 1, 2025

Lena, Stephenson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$4,013

$3,724

Ownwell’s Lena Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lena with just two data points.

By entering your property's estimated assessed value, our calculator applies Lena’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 Lena, Stephenson County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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, this is the annual process in a nutshell.

In Lena, located in Stephenson County, Illinois, the effective property tax rate is notably higher than the national median. The median property tax rate in Illinois is 2.65%, which is significantly above the national median rate of 1.02%. This places Illinois among states with the highest property tax rates in the country. For homeowners in Lena, this means property tax bills tend to be higher than the national median property tax bill of $2,400.

Comparing Lena’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. can provide valuable insights for property owners considering tax appeal or exemption services.

Property Tax Rates Across Lena, 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 Lena Tax Rate

2.65%

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 Lena, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61048	2.12%	2.46%	2.65%	3.20%	3.20%

Source: Ownwell

Property Tax Assessment Values Across Lena, Stephenson County, Illinois

When examining property taxes in Lena, 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 Assessor's Office 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 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 Lena. For example, the median home price in Lena is $151,449, with tax bills ranging significantly across the county. ZIP code 61048 has the highest median home price at $151,449.

Property Tax Assessment Values Across Lena, Stephenson County, Illinois

Source: Ownwell

$51,878

$101,664

$151,449

Median Lena Market Value

$151,449

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 Lena, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61048	$66,812	$121,080	$151,449	$174,501	$201,970

Source: Ownwell

Property Tax Bills Across Lena, Stephenson County, Illinois

In Lena, located in Stephenson County, IL, property tax bills are primarily determined by the assessed value of a home and the local tax rate. The median home price in the area is $151,449, and homeowners typically face a tax bill that can range significantly. For instance, the tax bill at the 25th percentile is $2,736, while at the 75th percentile, it climbs to $4,749, and at the 90th percentile, it reaches $5,428. This variability is influenced by factors such as property value assessments and local government budget needs. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, homeowners in Lena may find their tax obligations higher due to local assessments and rates. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By leveraging expertise in local tax codes and assessment practices, Ownwell can identify opportunities for savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Lena, Stephenson County, Illinois

Source: Ownwell

$1,662

$2,839

$4,016

Median Lena Tax Bill

$4,016

Median Stephenson County Tax Bill

$1,883

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Lena, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61048	$2,013	$2,736	$4,016	$4,749	$5,428

Source: Ownwell