Oakdale, Washington County, Illinois Property Taxes
Median Oakdale, IL effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Oakdale, IL home value: $50,430
Median annual Oakdale, IL tax bill: $721, $1,679 lower than the national median property tax bill of $2,400.
How are property taxes in Washington calculated?
Property taxes in Oakdale, 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 Oakdale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakdale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oakdale, Washington County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$923
$856
Property Tax Rates Across Oakdale, Washington County, Illinois
Local government entities determine tax rates, which can differ significantly within a state. Annually, each county estimates its required budget to provide essential 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.
In Oakdale, located in Washington County, the effective property tax rate is a reflection of this process. Comparing Oakdale's rate to other cities in Illinois, as well as to the median property tax rates in Illinois and the U.S., provides valuable insight into the local tax landscape. Illinois has a median property tax rate of 1.83%, which is notably higher than the national median of 1.02%. This difference emphasizes the importance of understanding local tax rates, as they can significantly impact a homeowner's annual tax bill. By appealing property taxes or seeking exemptions, homeowners in Oakdale can potentially reduce their tax burden, aligning their expenses more closely with the national median property tax bill of $2400.
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 Oakdale Tax Rate
1.83%
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 Washington County Tax Rate
2.25%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oakdale, Washington County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62268 | 0.89% | 1.39% | 1.83% | 2.49% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Oakdale, Washington County, Illinois
When examining property taxes in Oakdale, 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 Washington 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.
In Washington 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 Oakdale.
For example, the median home price in Oakdale is $50,430, with tax bills ranging significantly across the county. Zip code 62268 has the highest median home price at $50,430.
Property Tax Assessment Values Across Oakdale, Washington County, Illinois
Source: Ownwell
$22,533
$36,993
$51,452
Median Oakdale Market Value
$50,430
Median Washington County Market Value
$38,358
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oakdale, Washington County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62268 | $4,773 | $21,084 | $50,430 | $70,320 | $85,170 |
Source: Ownwell
Property Tax Bills Across Oakdale, Washington County, Illinois
Median Oakdale Tax Bill
$721
Median Washington County Tax Bill
$660
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakdale, Washington County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62268 | $108 | $226 | $721 | $1,254 | $1,706 |
Source: Ownwell