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Alphabetical List of Ogle County
Property Owners,
Parcel Numbers and
Assessed Values
Frequently
Asked Questions
What if I think
I’m over-assessed?
You should first contact your township
assessor for an explanation of your assessed value. You may be able to come to an
agreement on the proper assessment with him/her. If not, you should file an assessment
appeal with the Board of Review, on forms available from this office. Assessment appeals must be filed within 30 days of
publication of the assessment list in the newspaper. The Board of Review will hear your appeal and make a ruling. If
you are dissatisfied with the Board’s ruling, you may appeal to the State of Illinois
Property Tax Appeal Board.
Copy of
Board of Review's
Rules in PDF Format
How are tax
bills calculated?
A property tax bill is calculated by
multiplying the assessed value time the tax rate. Any homestead exemptions in effect serve
to reduce the assessed value. The tax rate is determined by the budgets adopted by
the local taxing districts your property resides in. The following example may help:
| Assessed Value |
$50,000 |
| Exemptions |
- 5,000 |
| Taxable Value |
= $45,000 |
| Tax Rate |
X 8.50%
|
| Tax Due |
$ 3,825.00 |
In this example, a house with a market
value of $150,000 is assessed at 33 1/3% of value, or $50,000. The general homestead
exemption reduces the taxable value. The tax rate of 8.50% is determined by the money
requested by the school, city, county, parks, etc. Generally, tax rates are
slightly less in rural areas where fewer services are offered.
Why do taxes
keep going up?
Your tax bill depends on two things: the spending of
local taxing districts, and the assessed value of your property. Assessed values, in
recent years, have increased annually, primarily in response to increasing prices in the
real estate market. Property assessments are to be based on market value(s). When the real
estate market goes up, assessments will follow. In addition, budgets and spending of local
agencies (schools, cities, etc.) usually increase from year to year. These spending
increases result in higher tax bills.
If you are concerned
about rising property taxes, you should:
- Attend budget hearings of your
local taxing districts (schools, cities, parks, etc.).
- Contact taxing authorities and
their board members.
- Decide if you can live without
services to keep taxes lower.
- Voice your concerns with your
local legislators.
- Work for more efficient
government.
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