Ogle County property tax

Ogle County Property Tax Rates

The table below lists the Ogle County Property Tax rates, stated in terms of rates per $100 of assessed value:

It is important to note that these rates may vary depending on the specific location and property type. As a tax advisor, it is recommended to review the specific tax laws and regulations for each client's individual situation.

Example of Ogle County Property Tax Calculation

Ogle County calculates property tax based on the assessed value of each property. To determine the assessed value, the county assesses a percentage of the fair market value of the property. This percentage varies depending on the type of property and its use.

For example, let's say a person owns a home in Ogle County. The fair market value of the home is $200,000. The county assesses residential properties at 33.33% of their fair market value. So, the assessed value of the home would be $66,660.

To calculate the property tax, the assessed value of the property is multiplied by the tax rate. The tax rate is determined by the taxing bodies that provide services to the property such as the school district, county government, and local municipality.

If the tax rate for the area is 2.5%, the property tax for this example would be $1,666.50. This means the owner of the home would owe $1,666.50 in property taxes for the year.

It's important to note that property tax rates can vary from year to year and can be affected by changes in local government finances and budget needs.

If you want appeal your property tax assessment - contact your local tax assessor.

Who sets property tax rates in Ogle County ?

In Ogle County, the property tax rates are set by the local government. Specifically, the Ogle County Board approves the tax levy each year. The tax levy determines the total amount of money that the county government will collect from property taxes. The tax rate is then calculated based on the total assessed value of all properties in the county. The tax rate is expressed as a percentage of the assessed value and is used to determine each property owner's individual tax liability. The tax rate can vary from year to year depending on the county's budgetary needs and other factors that may impact property values. Overall, property tax rates are an important source of revenue for local governments and are used to fund essential services such as schools, public safety, and infrastructure maintenance.

Homestead exemptions in Ogle County ?

In Ogle County, Illinois, there are various Homestead exemptions and deductions that residents may be eligible for. Here is a table outlining the different options:

It is important to note that each exemption and deduction has specific eligibility requirements and application procedures. Homeowners in Ogle County should check with their local assessor's office for more information on how to apply for these Homestead exemptions and deductions.

When is Ogle County Property Tax due ?

Ogle County Property Tax is typically due on June 7th each year. However, if the due date falls on a weekend or holiday, the deadline will be extended to the next business day.

There are several payment methods available to taxpayers, including:

• In-person: Payments can be made in person at the Ogle County Treasurer's Office located at 105 S. 5th St., Suite 104, Oregon, IL 61061. Acceptable forms of payment include cash, check, money order, or credit card (additional fees may apply for credit card payments).

• Mail: Payments can be mailed to the Ogle County Treasurer's Office at the same address mentioned above. Checks or money orders should be made payable to "Ogle County Treasurer."

• Online: Taxpayers can pay their property tax online through the Ogle County Treasurer's website using a credit card or electronic check. Additional fees may apply for online payments.

It's important to note that late payments will result in penalties and interest charges. If a taxpayer is unable to pay their property tax in full by the deadline, they may be able to set up a payment plan with the Ogle County Treasurer's Office.

If you have more questions - contact your local tax collector.

How is Ogle County Property Tax penalty calculated ?

In Ogle County, Property Tax penalty is calculated based on the amount of delinquent taxes owed and the length of time they have been unpaid. The penalty is calculated at a rate of 1.5% per month, with a minimum penalty of $10.

Here is an example calculation:

In this example, the delinquent taxes owed are $5,000 and have been unpaid for 3 months. The penalty rate of 1.5% per month is applied to the total amount owed, resulting in a penalty amount of $225.

It's important to note that if property taxes remain unpaid for an extended period of time, the county may begin the process of selling the property in order to collect the unpaid taxes. To avoid penalties and potential legal consequences, property owners should make sure to pay their taxes on time.

We recommend contacting the Ogle County Tax Office or a local tax professional for the most up-to-date and accurate information.

Ogle County tax offices:

• Ogle County tax assessor
• Ogle County tax collector
• Ogle County tax commissioner
• Ogle County tax appraiser
• Ogle County tag office