Ridott, Stephenson County, Illinois Property Taxes
Median Ridott, IL effective property tax rate: 3.51%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ridott, IL home value: $70,251
Median annual Ridott, IL tax bill: $2,768, $368 higher than the national median property tax bill of $2,400.
How are property taxes in Stephenson County calculated?
Property taxes in Ridott, IL 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 Ridott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ridott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ridott, Stephenson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.82%
Estimate Property Tax Bill
$2,510
$2,329
Property Tax Rates Across Ridott, Stephenson County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Ridott, located in Stephenson County, Illinois, the effective property tax rate is significantly higher than both the state and national averages. The median property tax rate in Illinois is considerably higher than the national median rate of 1.02%. This disparity highlights the importance of understanding local tax obligations, as they can greatly impact property owners.
Comparing Ridott’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. underscores the necessity for property owners to stay informed and consider appealing their property taxes if they believe their assessment is inaccurate. By doing so, property owners can potentially reduce their tax burden and ensure they are paying a fair amount based on their property's assessed value.
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 Ridott Tax Rate
3.82%
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 Stephenson County Tax Rate
3.02%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ridott, Stephenson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61067 | 2.37% | 2.78% | 3.82% | 3.84% | 3.84% |
Source: Ownwell
Property Tax Assessment Values Across Ridott, Stephenson County, Illinois
When examining property taxes in Ridott, 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 Stephenson 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.
In Stephenson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Ridott. For example, the median home price in Ridott is $70,251, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Ridott, Stephenson County, Illinois
Source: Ownwell
$49,413
$108,669
$167,925
Median Ridott Market Value
$65,704
Median Stephenson County Market Value
$75,993
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ridott, Stephenson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61067 | $1,418 | $42,669 | $65,704 | $147,002 | $302,558 |
Source: Ownwell
Property Tax Bills Across Ridott, Stephenson County, Illinois
Median Ridott Tax Bill
$2,296
Median Stephenson County Tax Bill
$2,141
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Ridott, Stephenson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61067 | $665 | $1,563 | $2,296 | $4,557 | $6,236 |
Source: Ownwell