Oquawka, Henderson County, Illinois Property Taxes
Median Oquawka, IL effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Oquawka, IL home value: $53,721
Median annual Oquawka, IL tax bill: $1,054, $1,346 lower than the national median property tax bill of $2,400.
How are property taxes in Henderson County calculated?
Property taxes in Oquawka, 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 Oquawka’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oquawka, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oquawka, Henderson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$956
$887
Property Tax Rates Across Oquawka, Henderson County, Illinois
Local government entities in Illinois set property tax rates, which can vary widely within the state. Each year, counties like Henderson estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Oquawka, located in Henderson County, the effective property tax rate is a reflection of this calculation. When compared to other cities in Illinois, Oquawka's rate can be seen as competitive. The median property tax rate in Illinois is notably higher than the national median rate, which stands at 1.02%. This difference highlights the variability in property tax rates across different regions and emphasizes the importance of understanding local tax obligations. By examining these rates, property owners in Oquawka and beyond can make informed decisions about their property tax appeals and exemptions, ensuring they are not overpaying and are taking advantage of any available savings.
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 Oquawka Tax Rate
1.78%
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 Henderson County Tax Rate
1.86%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oquawka, Henderson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61469 | 0.84% | 1.36% | 1.78% | 2.21% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Oquawka, Henderson County, Illinois
When examining property taxes in Oquawka, 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 Henderson 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 Henderson 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 Oquawka.
For example, the median home price in Oquawka is $53,721, with tax bills ranging significantly across the county. Zip code 61469 has the highest median home price at $53,721.
Property Tax Assessment Values Across Oquawka, Henderson County, Illinois
Source: Ownwell
$53,721
$53,721
$53,721
Median Oquawka Market Value
$53,721
Median Henderson County Market Value
$48,516
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oquawka, Henderson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61469 | $8,780 | $24,948 | $53,721 | $91,014 | $132,495 |
Source: Ownwell
Property Tax Bills Across Oquawka, Henderson County, Illinois
Median Oquawka Tax Bill
$1,054
Median Henderson County Tax Bill
$1,452
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Oquawka, Henderson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61469 | $254 | $485 | $1,054 | $1,875 | $3,073 |
Source: Ownwell