Onarga, Ford County, Illinois Property Taxes

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

Median Onarga, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Onarga, IL home value: $148,050
Median annual Onarga, IL tax bill: $3,536, $1,136 higher than the national median property tax bill of $2,400.

How are property taxes in Ford County calculated?

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

Last Updated March 1, 2025

Onarga, Ford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$3,538

$3,284

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

Property Tax Rates Across Onarga, Ford County, Illinois

Local government entities determine tax rates, leading to significant variations within a state. Annually, each county, like Ford County, estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this process essentially repeats every year.

In Onarga, Ford County, Illinois, the effective property tax rate is 2.39%, which is considerably higher than the national median property tax rate of 1.02%. This means that property owners in Onarga face higher property tax bills compared to many other regions across the country. The elevated property tax rate reflects the county's budgetary requirements and the total assessed value of properties within its limits.

Comparing Onarga’s rate to the national median highlights the importance of understanding local tax rates and seeking potential property tax appeal services to ensure fair taxation.

Property Tax Rates Across Onarga, Ford County, Illinois

Source: Ownwell

2.27%

2.72%

3.17%

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 Onarga Tax Rate

2.39%

Median Effective Ford County Tax Rate

2.52%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Onarga, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60955	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Onarga, Ford County, Illinois

When examining property taxes in Onarga, 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 Ford 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 Ford 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 Onarga. For example, the median home price in Onarga is $148,050, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Onarga, Ford County, Illinois

Source: Ownwell

$34,920

$115,628

$196,335

Median Onarga Market Value

$148,050

Median Ford County Market Value

$93,960

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Onarga, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60955	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Onarga, Ford County, Illinois

In Onarga, located in Ford County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in this area is $148,050, and property tax bills are notably higher than the national median, with a consistent amount of $3,536 across the 25th, 75th, and 90th percentiles. This indicates a higher tax burden for homeowners compared to the national median property tax bill of $2,400. The tax bill is influenced by the assessed value of the property and the local tax rate, which can vary based on municipal budgets and needs. This can significantly impact homeowners, as higher property taxes mean increased annual expenses. Ownwell can assist homeowners in Onarga by providing expert property tax appeal and exemption services. By leveraging our knowledge and experience, we help identify potential savings and ensure that property taxes are fair and equitable. This can lead to substantial savings and reduce the financial burden on homeowners.

Property Tax Bills Across Onarga, Ford County, Illinois

Source: Ownwell

$753

$3,138

$5,522

Median Onarga Tax Bill

$3,536

Median Ford County Tax Bill

$2,272

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Onarga, Ford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60955	N/A	N/A	N/A	N/A	N/A

Source: Ownwell