Red Bud, Monroe County, Illinois Property Taxes

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

Median Red Bud, IL effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Red Bud, IL home value: $200,730
Median annual Red Bud, IL tax bill: $3,306, $906 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Red Bud, Monroe County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.69%

Estimate Property Tax Bill

$3,392

$3,148

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

Property Tax Rates Across Red Bud, Monroe County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Red Bud’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Red Bud, located in Monroe County, homeowners experience a property tax rate of 1.69%. This rate is notably higher than the national median property tax rate of 1.02%. Despite this, the rate remains consistent across Monroe County, offering a unified tax experience for property owners. The property tax bill in Red Bud reflects this higher rate, which is also above the national median property tax bill of $2400. Understanding these rates within the context of Illinois's property tax landscape can help homeowners make informed decisions about their property investments.

Property Tax Rates Across Red Bud, Monroe County, Illinois

Source: Ownwell

1.69%

1.91%

2.13%

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 Red Bud Taxx Rate

1.69%

Median Effective Monroe County Taxx Rate

1.91%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Red Bud, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62278	1.30%	1.57%	1.69%	1.80%	1.96%

Source: Ownwell

Property Tax Assessment Values Across Red Bud, Monroe County, Illinois

When examining property taxes in Red Bud, 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 Monroe 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 Monroe 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 Red Bud.

For example, the median home price in Red Bud is $200,730, with tax bills ranging significantly across the county. Zip code 62278 has the highest median home price at $200,730.

Property Tax Assessment Values Across Red Bud, Monroe County, Illinois

Source: Ownwell

$54,540

$147,450

$240,360

Median Red Bud Market Value

$200,730

Median Monroe County Market Value

$218,520

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Red Bud, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62278	$78,849	$132,172	$200,730	$274,395	$352,911

Source: Ownwell

Property Tax Bills Across Red Bud, Monroe County, Illinois

In Red Bud, located in Monroe County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Red Bud is $200,730, with a median property tax bill of $3,306, which is higher than the national median of $2,400. Homeowners in Red Bud face a property tax rate that exceeds the national median rate of 1.02%. The tax bill can vary significantly, with the 25th percentile at $1,998 and the 90th percentile reaching $6,124. These variations depend on factors such as property location, size, and improvements. High property tax bills can be a financial burden for homeowners. Ownwell can help by providing property tax appeal and exemption services, potentially reducing the tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in appealing their tax bills, ensuring they pay only what is fair, and saving them money in the long run.

Property Tax Bills Across Red Bud, Monroe County, Illinois

Source: Ownwell

$954

$2,691

$4,428

Median Red Bud Tax Bill

$3,306

Median Monroe County Tax Bill

$3,972

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Red Bud, Monroe County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62278	$1,042	$1,998	$3,306	$4,788	$6,124

Source: Ownwell