Baldwin, Randolph County, Illinois Property Taxes

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

Median Baldwin, IL effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Baldwin, IL home value: $40,710. Median annual Baldwin, IL tax bill: $528, $1,872 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph calculated?

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

Last Updated March 1, 2025

Baldwin, Randolph County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.88%

Estimate Property Tax Bill

$765

$710

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

Property Tax Rates Across Baldwin, Randolph County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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.

Residents of Baldwin in Randolph County, Illinois, experience an effective property tax rate that stands at 1.88%. This rate is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Baldwin pay a larger percentage of their property's assessed value in taxes than the average American homeowner. Despite this, the rate is consistent across Randolph County, as the highest and lowest median tax rates are identical at 1.88%.

Comparing Baldwin's rate to other cities in Illinois and the median property tax rates in Illinois and the U.S., it's clear that property owners in Baldwin face a significant tax burden. Understanding these differences is crucial for homeowners considering property tax appeals or exemptions.

Property Tax Rates Across Baldwin, Randolph County, Illinois

Source: Ownwell

1.88%

2.52%

3.16%

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 Baldwin Tax Rate

1.88%

Median Effective Randolph County Tax Rate

2.00%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Baldwin, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62217	1.59%	1.88%	1.88%	2.12%	2.20%

Source: Ownwell

Property Tax Assessment Values Across Baldwin, Randolph County, Illinois

When examining property taxes in Baldwin, 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 Randolph 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.

In Randolph 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 Baldwin.

For example, the median home price in Baldwin is $40,710, with tax bills ranging significantly across the county. Zip code 62217 has the highest median home price at $40,710.

Property Tax Assessment Values Across Baldwin, Randolph County, Illinois

Source: Ownwell

$18,795

$63,810

$108,825

Median Baldwin Market Value

$40,710

Median Randolph County Market Value

$47,528

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Baldwin, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62217	$5,784	$6,064	$40,710	$88,192	$122,102

Source: Ownwell

Property Tax Bills Across Baldwin, Randolph County, Illinois

In Baldwin, located in Randolph County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. With a median home price of $40,710, the tax bill can vary significantly. For instance, homeowners might see tax bills as low as $112 at the 25th percentile or as high as $2,290 at the 90th percentile. The median tax bill in Baldwin is $528, which is considerably lower than the national median property tax bill of $2,400. These taxes fund essential services like schools, roads, and public safety, impacting the community's overall quality of life. Ownwell can assist homeowners in Baldwin by identifying potential savings on their property tax bills. By analyzing property assessments and ensuring they are accurate, Ownwell helps reduce overpayments, ensuring homeowners only pay their fair share. This service can lead to significant savings, especially for those with higher tax bills.

Property Tax Bills Across Baldwin, Randolph County, Illinois

Source: Ownwell

$377

$1,152

$1,926

Median Baldwin Tax Bill

$528

Median Randolph County Tax Bill

$1,100

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Baldwin, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62217	$98	$112	$528	$1,715	$2,290

Source: Ownwell