Oakford, Menard County, Illinois Property Taxes
Property Taxes in Oakford, Illinois
Median Oakford, Illinois effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Oakford, Illinois home value: $45,309
Median annual Oakford, Illinois tax bill: $1,097, $1,303 lower than the national median property tax bill of $2,400.
How are property taxes in Menard calculated?
Property taxes in Oakford, Illinois 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 Oakford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Oakford, Menard County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.44%
Estimate Property Tax Bill
$1,106
$1,026
How Does the Oakford Property Tax Calculator Work?
Use this Oakford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oakford's median effective tax rate of 2.44% — based on actual property records in Menard County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oakford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Oakford: rates are the same at 1097 in 62673 and 1097 in 62673, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oakford.
About Oakford Property Taxes
About Property Taxes in Oakford, Menard, Illinois
Oakford’s median effective property tax rate of 2.44% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Menard County levy and local taxing districts that shape property taxes for homeowners in the area.
Property tax rates are not uniform across Oakford. The 62673 ZIP code has a median effective rate of 2.44%, and the median tax bill is $1,097. That bill is lower than the state median tax bill by $1,303, even though the rate is above the state median, because home values in the area are relatively modest.
Oakford homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the January 21, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Oakford, Menard County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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 Oakford's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Oakford Tax Rate
2.44%
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 Menard County Tax Rate
2.31%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oakford, Menard County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62673 | 2.27% | 2.37% | 2.44% | 2.52% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Oakford, Menard County, Illinois
When examining property taxes in Oakford, 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 Menard 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.
Assessment notices:
In Menard County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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. For Oakford, the median home price is $45,309, with a median tax bill of $1,097. The highest median home price is in 62673 at $45,309.
Property Tax Assessment Values Across Oakford, Menard County, Illinois
Source: Ownwell
$45,309
$78,756
$112,203
Median Oakford Market Value
$45,309
Median Menard County Market Value
$87,915
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oakford, Menard County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62673 | $6,734 | $14,750 | $45,309 | $92,732 | $124,946 |
Source: Ownwell
Property Tax Bills Across Oakford, Menard County, Illinois
Property tax bills in Oakford are based on the assessed value of a home, not its market price. Local tax rates are then applied to that assessment to determine the final bill. For homeowners, this means the amount owed can change if the assessed value changes or if local taxing authorities adjust their rates.
In Oakford, the median home price is $45,309, and the median property tax bill is $1,097. That bill sits below the national median property tax bill of $2,400, but the amount can still vary widely from one homeowner to another. The 25th percentile tax bill is $359, while the 75th percentile reaches $2,166, and the 90th percentile climbs to $2,773. These differences show how property tax bills can affect homeowners unevenly, even within the same city.
Median Oakford Tax Bill
$1,097
Median Menard County Tax Bill
$1,925
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakford, Menard County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62673 | $167 | $359 | $1,097 | $2,166 | $2,773 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 21 |
Links | |
|---|---|
| Menard Tax Assessor | |
| Website | beacon.schneidercorp.com |