61010 Property Tax Rate

Property owners in ZIP code 61010 (Byron, Illinois) pay a median of $4,249/year in property taxes on homes valued at $218,300. This translates to an effective tax rate of 1.95%, which is 4% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 61010 is approximately $354, which factors into escrow payments on mortgages. This ZIP code is located within Ogle County. This is $748 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 61010 has higher property taxes. ZIP codes with similar effective rates include 61312 (1.95%) and 62420 (1.95%).

In Byron, property taxes represent approximately 4.7% of the median household income of $89,907, providing context for the relative tax burden on homeowners in this area.

Illinois limits annual assessment increases to 7%, but Ogle County will reassess your property to purchase price upon sale. Ogle County offers a General Homestead Exemption of $10,000 off assessed value — file with the Ogle County Assessor within 30 days of receiving your assessment notice. Contact the Ogle County Assessor's office before closing to understand the local exemption process and file your claim promptly after purchase.