Edwardsville, Madison County, Illinois Property Taxes

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

Median Edwardsville, IL effective property tax rate: 2.19%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Edwardsville, IL home value: $227,838. Median annual Edwardsville, IL tax bill: $4,799, $2,399 higher than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

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

Last Updated March 1, 2025

Edwardsville, Madison County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.19%

Estimate Property Tax Bill

$4,990

$4,630

Ownwell’s Edwardsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Edwardsville with just two data points. By entering your property's estimated assessed value, our calculator applies Edwardsville’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 Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Edwardsville, Madison County, Illinois

Local government entities set property tax rates, which can vary significantly within Illinois. Each county, like Madison, estimates its budgetary needs for public services annually and divides this by the total value of all taxable property to determine the property tax rate. This process, though simplified, encapsulates the essence of how rates are established, involving both legislative measures and public votes. In Edwardsville, located in Madison County, the effective property tax rate stands out when compared to other cities in Illinois. The median property tax rate in Edwardsville is notably higher than the national median rate of 1.02%. This means property owners in Edwardsville face a higher tax burden compared to the national average. Such variations underscore the importance of understanding local tax dynamics, as they can significantly impact property owners' financial responsibilities. Comparing Edwardsville’s property tax rate to the Illinois state median and the national median offers valuable insights for property owners, highlighting potential savings through tax appeal services.

Property Tax Rates Across Edwardsville, Madison County, Illinois

Source: Ownwell

1.66%

3.31%

4.95%

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 Edwardsville Tax Rate

2.19%

Median Effective Madison County Tax Rate

2.17%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Edwardsville, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62025	1.74%	2.02%	2.19%	2.32%	2.44%

Source: Ownwell

Property Tax Assessment Values Across Edwardsville, Madison County, Illinois

When examining property taxes in Edwardsville, IL, 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 Madison County Assessor's Office 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 Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Edwardsville. For example, the median home price in Edwardsville is $227,838, with tax bills ranging significantly across the county. The 62025 zip code has the highest median home price at $227,838.

Property Tax Assessment Values Across Edwardsville, Madison County, Illinois

Source: Ownwell

$19,910

$137,778

$255,646

Median Edwardsville Market Value

$227,838

Median Madison County Market Value

$128,259

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Edwardsville, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62025	$103,423	$146,922	$227,838	$333,228	$456,961

Source: Ownwell

Property Tax Bills Across Edwardsville, Madison County, Illinois

In Edwardsville, located in Madison County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value. Several factors, including property size, location, and improvements, can influence this value. Homeowners in Edwardsville face a median property tax bill of $4,799, significantly higher than the national median of $2,400. This higher tax burden reflects the region's reliance on property taxes to fund public services such as schools and infrastructure.

For homeowners, these high property taxes can be a financial strain, especially when the assessed value does not accurately reflect the market value. This is where Ownwell can make a difference. By providing expert property tax appeal services, Ownwell helps homeowners ensure their tax assessments are fair and accurate. Through a thorough analysis of comparable properties and market trends, Ownwell can identify potential savings and assist homeowners in reducing their tax bills, making homeownership more affordable.

Property Tax Bills Across Edwardsville, Madison County, Illinois

Source: Ownwell

$614

$2,981

$5,348

Median Edwardsville Tax Bill

$4,799

Median Madison County Tax Bill

$2,705

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Edwardsville, Madison County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62025	$1,968	$2,979	$4,799	$7,352	$10,126

Source: Ownwell