Average Tax Assessment in Bureau County
Real Estate Values and Property Tax Valuation in Bureau County, Illinois
Bureau County has 11,923 properties with a cumulative value of $1.2B, representing 0.16% of all real estate value in Illinois. Property taxes in Bureau County totaled $27.5M, with an average homeowner paying $2,372 in property taxes compared to the state average of $5,405. The average property tax rate in Bureau County is 2.39%, lower than the state average of 2.47%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Bureau Assessor | (815) 875-6478 |
| Bureau Treasurer | (815) 872-3241 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Bureau County
Residential Property Taxes by Cities in Bureau County
Bureau County property taxes are collected at an average rate of 2.39%, which is slightly lower than the state average of 2.5%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Ladd has the highest effective property tax rate in the county at 2.99%, while the city of Ohio has the lowest effective property tax rate at 2.1%. This means that property owners in Ladd will pay significantly more in property taxes than those in Ohio. Overall, Bureau County has relatively low property tax rates compared to other counties in the state, making it an attractive option for those looking to purchase property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Bureau County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buda | $15,498 | $31,578 | $52,164 | $71,514 | $114,138 |
| Dalzell | $42,588 | $60,246 | $100,878 | $136,305 | $168,150 |
| Depue | $28,584 | $37,168 | $47,511 | $60,453 | $71,483 |
| Ladd | $41,501 | $59,832 | $83,524 | $126,801 | $171,307 |
| La Moille | $39,451 | $65,018 | $91,804 | $126,964 | $175,832 |
| Ohio | $20,776 | $42,882 | $71,852 | $91,693 | $128,216 |
| Princeton | $51,904 | $76,812 | $110,523 | $161,537 | $216,098 |
| Sheffield | $15,729 | $41,617 | $69,849 | $97,600 | $138,741 |
| Spring Valley | $34,105 | $54,657 | $79,527 | $125,628 | $174,143 |
| Tiskilwa | $30,086 | $52,110 | $76,994 | $104,084 | $148,803 |
| Walnut | $34,815 | $52,959 | $80,608 | $111,372 | $141,964 |
| Wyanet | $24,005 | $48,933 | $78,666 | $103,720 | $129,636 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Bureau County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buda | $285 | $580 | $1,151 | $1,770 | $2,552 |
| Dalzell | $881 | $1,540 | $2,744 | $4,026 | $5,092 |
| Depue | $384 | $705 | $1,069 | $1,448 | $1,967 |
| Ladd | $880 | $1,500 | $2,454 | $3,866 | $5,844 |
| La Moille | $639 | $1,336 | $2,032 | $3,046 | $4,149 |
| Ohio | $371 | $687 | $1,480 | $2,163 | $2,785 |
| Princeton | $932 | $1,585 | $2,452 | $3,708 | $4,980 |
| Sheffield | $308 | $801 | $1,583 | $2,465 | $3,669 |
| Spring Valley | $761 | $1,395 | $2,267 | $3,718 | $5,607 |
| Tiskilwa | $527 | $993 | $1,632 | $2,489 | $3,647 |
| Walnut | $641 | $1,155 | $1,919 | $2,834 | $3,865 |
| Wyanet | $491 | $1,032 | $1,868 | $2,670 | $3,543 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buda | 1.84% | 1.84% | 2.21% | 2.48% | 2.24% |
| Dalzell | 2.07% | 2.56% | 2.72% | 2.95% | 3.03% |
| Depue | 1.34% | 1.90% | 2.25% | 2.40% | 2.75% |
| Ladd | 2.12% | 2.51% | 2.94% | 3.05% | 3.41% |
| La Moille | 1.62% | 2.05% | 2.21% | 2.40% | 2.36% |
| Ohio | 1.79% | 1.60% | 2.06% | 2.36% | 2.17% |
| Princeton | 1.80% | 2.06% | 2.22% | 2.30% | 2.30% |
| Sheffield | 1.96% | 1.92% | 2.27% | 2.53% | 2.64% |
| Spring Valley | 2.23% | 2.55% | 2.85% | 2.96% | 3.22% |
| Tiskilwa | 1.75% | 1.91% | 2.12% | 2.39% | 2.45% |
| Walnut | 1.84% | 2.18% | 2.38% | 2.54% | 2.72% |
| Wyanet | 2.05% | 2.11% | 2.37% | 2.57% | 2.73% |
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Real Estate Values in Bureau County
The median home price in Bureau County, Illinois has increased by 24.68% from October 2022 to October 2023, from $116.0K to $144.6K. This indicates a strong trend of rising home prices in the area. At the same time, the home inventory in Bureau County has decreased from 105 in October 2022 to 87 in October 2023, suggesting that demand for housing in the area is outpacing supply.
Average Home Value in Bureau County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Bureau County
Last updated: November 2023
Percent Change in New Home Listings in Bureau County
Last updated: November 2023
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Mortgage Rates in Bureau County
Bureau County has a total of $252.3M in outstanding home mortgage loans, with 3.2K loans in total. This represents a significant portion of the total home value in the county, and demonstrates the importance of mortgages in the local economy.
The median mortgage rate in Bureau County varies across cities, with the highest rate being 4.5% in Depue and the lowest rate being 4.04% in Dalzell. This variation in rates can be beneficial for homebuyers, as it allows them to shop around for the best rate and save money on their mortgage. It also allows lenders to compete for customers, which can help to keep rates competitive.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Bureau County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buda | $22,616 | $30,325 | $46,223 | $60,736 | $111,948 |
| Dalzell | $28,774 | $46,981 | $78,352 | $107,265 | $132,234 |
| Depue | $5,387 | $19,744 | $32,500 | $42,422 | $55,936 |
| Ladd | $23,751 | $49,252 | $64,094 | $86,131 | $122,023 |
| La Moille | $18,021 | $40,954 | $60,928 | $97,433 | $138,944 |
| Ohio | $18,024 | $39,389 | $62,499 | $97,232 | $133,576 |
| Princeton | $35,391 | $55,522 | $80,058 | $116,067 | $160,643 |
| Sheffield | $29,246 | $44,946 | $59,982 | $83,840 | $107,093 |
| Spring Valley | $23,703 | $42,614 | $64,767 | $101,087 | $135,108 |
| Tiskilwa | $33,769 | $43,641 | $57,175 | $74,702 | $115,352 |
| Walnut | $21,198 | $41,923 | $63,331 | $83,135 | $110,795 |
| Wyanet | $27,537 | $38,586 | $59,952 | $77,380 | $97,097 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Bureau County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buda | 3.00% | 3.70% | 4.31% | 5.27% | 6.51% |
| Dalzell | 3.04% | 3.50% | 4.04% | 4.97% | 6.26% |
| Depue | 3.36% | 3.88% | 4.50% | 5.93% | 6.37% |
| Ladd | 3.00% | 3.52% | 4.25% | 5.19% | 6.20% |
| La Moille | 3.18% | 3.56% | 4.37% | 5.23% | 6.40% |
| Ohio | 3.32% | 3.62% | 4.25% | 4.95% | 6.21% |
| Princeton | 3.00% | 3.60% | 4.25% | 5.25% | 6.27% |
| Sheffield | 3.08% | 3.58% | 4.33% | 5.11% | 6.17% |
| Spring Valley | 3.00% | 3.60% | 4.20% | 5.11% | 6.34% |
| Tiskilwa | 3.13% | 3.65% | 4.25% | 5.34% | 5.96% |
| Walnut | 3.13% | 3.63% | 4.44% | 5.72% | 6.33% |
| Wyanet | 3.11% | 3.62% | 4.12% | 5.73% | 6.33% |
Housing Expenses in Bureau County, Illinois
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