Bradford, Bureau County, Illinois Property Taxes

Name: Property Tax Bills Across Bradford, Bureau County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bradford, IL effective property tax rate: 1.89%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bradford, IL home value: $129,894
Median annual Bradford, IL tax bill: $1,915, $485 lower than the national median property tax bill of $2,400.

How are property taxes in Bureau calculated?

Property taxes in Bradford, 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 Bradford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bradford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bradford, Bureau County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.89%

Estimate Property Tax Bill

$2,455

$2,278

Ownwell’s Bradford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bradford with just two data points. By entering your property's estimated assessed value, our calculator applies Bradford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bureau County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bradford, Bureau County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 Bradford’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Bradford, located in Bureau County, has an effective property tax rate of 1.89%. This rate is notably higher than the national median property tax rate of 1.02%. The median property tax bill in Bradford reflects this rate, aligning with Illinois's reputation for having some of the highest property taxes in the country. Understanding these rates is crucial for property owners in Bradford, as they directly impact the annual financial obligations tied to property ownership.

Property Tax Rates Across Bradford, Bureau County, Illinois

Source: Ownwell

1.53%

2.27%

3.01%

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 Bradford Taxx Rate

1.89%

Median Effective Bureau County Taxx Rate

2.33%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Bradford, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61421	1.36%	1.52%	1.89%	2.14%	2.16%

Source: Ownwell

Property Tax Assessment Values Across Bradford, Bureau County, Illinois

When examining property taxes in Bradford, 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 Bureau 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 Bureau 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 Bradford. For example, the median home price in Bradford is $129,894, with tax bills ranging significantly across the county. Zip code 61421 has the highest median home price at $129,894.

Property Tax Assessment Values Across Bradford, Bureau County, Illinois

Source: Ownwell

$45,459

$138,476

$231,492

Median Bradford Market Value

$129,894

Median Bureau County Market Value

$89,799

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Bradford, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61421	$57,098	$89,874	$129,894	$178,496	$210,030

Source: Ownwell

Property Tax Bills Across Bradford, Bureau County, Illinois

In Bradford, Bureau County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as local government budgets and school funding needs influence the tax rate, impacting the final bill homeowners receive. The median property tax bill in Bradford is $1,915, which is below the national median of $2,400, offering residents a relatively lower tax burden. However, tax bills can range significantly, with the 25th percentile at $1,477 and the 90th percentile reaching $4,099, reflecting the diversity in property values and tax rates within the area. Ownwell can assist homeowners by identifying potential savings opportunities through property tax appeals and exemption services. By ensuring that the assessed value accurately reflects the property's market value, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Bradford, Bureau County, Illinois

Source: Ownwell

$514

$2,463

$4,412

Median Bradford Tax Bill

$1,915

Median Bureau County Tax Bill

$2,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Bradford, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61421	$974	$1,477	$1,915	$3,002	$4,099

Source: Ownwell