Edwards County Property Taxes
The median property tax rate in Edwards County is 2.43%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Edwards County, the typical annual property tax bill reaches $698, which is lower than the national median of $2,690. Property taxes in Edwards County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Edwards County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Albion or another part of Edwards County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edwards County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Edwards County Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Edwards County with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Edwards County to provide an estimate of your property tax bill. This insight helps you understand potential tax liabilities. For more detailed trends at the city level, scroll down to navigate to a more localized informational page. Your property’s assessed value is the value assigned by your county for property tax calculations and considers any exemptions you may qualify for.
Property Tax Rates Across Edwards County, Illinois
Property taxes in Edwards County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Edwards County is 2.43%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Edwards County set these rates annually, and they can vary significantly between different areas within the county. Each year, Edwards County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Edwards County's effective property tax rate with other regions and the national median. For comparison, the city of Grayville has one of the higher property tax rates in Illinois at 3.56%, while the city of Browns boasts one of the lowest at 0.44%. Analyzing how Edwards County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Edwards County Tax Rate
2.43%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edwards County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | 1.71% | 2.05% | 2.43% | 2.43% | 2.43% |
| Bone Gap | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
| Browns | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
| Grayville | 2.20% | 3.56% | 3.56% | 3.56% | 3.56% |
| West Salem | 2.43% | 3.07% | 3.07% | 3.07% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Edwards County, Illinois
In Edwards County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Edwards County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Edwards County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Edwards County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Edwards County, the highest median tax bill is found in West Salem at $1,403, while Bone Gap has the lowest median tax bill at $173.
Average Edwards County Assessed Value
$30,360
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edwards County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | $15,180 | $21,600 | $31,350 | $55,050 | $78,798 |
| Bone Gap | $8,640 | $8,640 | $8,640 | $8,640 | $8,640 |
| Browns | $52,230 | $52,230 | $52,230 | $52,230 | $52,230 |
| Grayville | $5,514 | $9,285 | $18,750 | $26,790 | $27,318 |
| West Salem | $19,944 | $39,780 | $45,690 | $121,620 | $137,028 |
Source: Ownwell
Property Tax Bills Across Edwards County, Illinois
In Edwards County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. Local tax rates, set by various taxing authorities, are then applied to this assessed value. Factors such as the property's location, size, and improvements can influence its assessed value. For instance, in Edwards County, the median home price is $30,360, which is significantly lower than the national median. Homeowners in Edwards County experience a range of tax bills. The 25th percentile tax bill is $437, while the 75th percentile tax bill reaches $1,263. The 90th percentile tax bill can go up to $1,797. Interestingly, the city of West Salem has the highest median tax bill at $1,403, whereas Bone Gap has the lowest at $173. These variations illustrate how local factors and property values affect tax bills, impacting homeowners differently across the county.
Average Edwards County Tax Bill
$698
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690