Orangeville, Stephenson County, Illinois Property Taxes
Median Orangeville, IL effective property tax rate: 3.25%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Orangeville, IL home value: $93,480
Median annual Orangeville, IL tax bill: $2,797, $397 higher than the national median property tax bill of $2,400.
How are property taxes in Stephenson calculated?
Property taxes in Orangeville, 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 Orangeville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Orangeville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Orangeville, Stephenson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.25%
Estimate Property Tax Bill
$3,038
$2,819
Property Tax Rates Across Orangeville, Stephenson County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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. Below, you can compare Orangeville’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Orangeville, located in Stephenson County, has a median property tax rate of 3.25%, which is significantly higher than the national median of 1.02%. This rate is among the highest in the state, with the same rate observed across the county. The disparity between Orangeville’s rate and the national median highlights the importance of property tax appeal services to potentially lower tax burdens. Understanding these rates is crucial for property owners aiming to manage their expenses effectively.
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 Orangeville Tax Rate
3.25%
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 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 Orangeville, Stephenson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61060 | 2.29% | 2.51% | 3.25% | 3.66% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Orangeville, Stephenson County, Illinois
When examining property taxes in Orangeville, 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 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.
In Stephenson 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 Orangeville. For example, the median home price in Orangeville is $93,480, with tax bills ranging significantly across the county. Zip code 61060 has the highest median home price at $93,480.
Property Tax Assessment Values Across Orangeville, Stephenson County, Illinois
Source: Ownwell
$51,878
$101,664
$151,449
Median Orangeville Market Value
$93,480
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 Orangeville, Stephenson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61060 | $57,330 | $77,316 | $93,480 | $119,378 | $169,980 |
Source: Ownwell
Property Tax Bills Across Orangeville, Stephenson County, Illinois
In Orangeville, located in Stephenson County, IL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. With a median home price of $93,480, the property tax bill can vary significantly. For instance, the 25th percentile tax bill stands at $2,240, while the 75th percentile reaches $3,448, and the 90th percentile climbs to $4,819. These figures indicate that homeowners in Orangeville often face property tax bills exceeding the national median of $2,400, with the highest median tax bill recorded at $2,797 in the 61060 zip code.
Factors such as local tax rates and property assessments directly influence these tax bills, impacting homeowners' finances. By leveraging Ownwell’s expertise in property tax appeals and exemptions, residents can potentially lower their tax burdens. Ownwell’s services include analyzing property assessments, identifying discrepancies, and filing appeals, ultimately helping homeowners achieve substantial savings on their property tax bills.
Median Orangeville Tax Bill
$2,797
Median Stephenson County Tax Bill
$1,883
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Orangeville, Stephenson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61060 | $2,140 | $2,240 | $2,797 | $3,448 | $4,819 |
Source: Ownwell