Odin, Marion County, Illinois Property Taxes
Property Taxes in Odin, Illinois
Median Odin, Illinois effective property tax rate: 1.79%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Odin, Illinois home value: $51,360
Median annual Odin, Illinois tax bill: $778, lower than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Odin, 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 Odin's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Odin, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Odin, Marion County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.79%
Estimate Property Tax Bill
$919
$853
How Does the Odin Property Tax Calculator Work?
Use this Odin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Odin's median effective tax rate of 1.79% — based on actual property records in Marion County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Odin'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 Odin: rates are 778.00 in 62870, 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 Odin.
About Odin Property Taxes
About Property Taxes in Odin, Marion, Illinois
Odin’s median effective property tax rate of 1.79% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Marion County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Odin. Homeowners in the 62870 ZIP code carry a median effective rate of 1.79%, while those in the same ZIP also pay 1.79%. This spread reflects how school district boundaries and local assessment districts are drawn across Marion County. Understanding which part of Odin you live in can make a meaningful difference to your annual tax bill.
Odin homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 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 Odin, Marion 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 Odin'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 Odin Tax Rate
1.79%
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 Marion County Tax Rate
1.85%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Odin, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62870 | 0.40% | 1.07% | 1.79% | 2.18% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Odin, Marion County, Illinois
When examining property taxes in Odin, 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 Marion 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 Marion County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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 Odin.
For example, the median home price in Odin is $51,360, with tax bills ranging significantly across the county. 62870 has the highest median home price at $51,360.
Property Tax Assessment Values Across Odin, Marion County, Illinois
Source: Ownwell
$30,780
$94,908
$159,036
Median Odin Market Value
$51,360
Median Marion County Market Value
$68,010
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Odin, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62870 | $4,140 | $15,060 | $51,360 | $151,410 | $229,785 |
Source: Ownwell
Property Tax Bills Across Odin, Marion County, Illinois
Property tax bills in Odin are calculated from a home’s assessed value, which is based on the market value of the property, and the local tax rate set for Marion County. The assessed value is not the same as the sale price, but it is the starting point for determining what a homeowner owes. Local taxing authorities use this value to fund public services, so changes in assessment or tax rates can affect the final bill.
With a median home price of $51,360, property taxes can still vary widely from one homeowner to another. The 25th percentile tax bill is $132, while the 75th percentile is $2,615 and the 90th percentile reaches $4,266. The median tax bill is $778 in ZIP code 62870. For homeowners, this means a tax bill can be a modest annual expense or a much larger cost depending on the assessed value and local rates.
Median Odin Tax Bill
$778
Median Marion County Tax Bill
$1,146
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Odin, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62870 | $43 | $132 | $778 | $2,615 | $4,266 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Marion Tax Assessor | |
| Website | marionil.devnetwedge.com |