Chester, Randolph County, Illinois Property Taxes

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

Median Chester, IL effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chester, IL home value: $52,245
Median annual Chester, IL tax bill: $1,178, $1,222 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph County calculated?

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

Last Updated March 1, 2025

Chester, Randolph County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$1,223

$1,134

Ownwell’s Chester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chester with just two data points. By entering your property's estimated assessed value, our calculator applies Chester’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 Chester, 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. Below, you can compare Chester’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Chester, located in Randolph County, has an effective property tax rate of 2.34%. This is significantly higher than the national median property tax rate of 1.02%. The median property tax rate in Illinois also stands at 2.34%, making Chester representative of the state’s overall tax landscape. Despite the uniformity in rates within the region, Chester's property tax rate is more than double the national median, highlighting the substantial variation in property tax burdens across different states and regions. Understanding these differences is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Chester, 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 Chester Tax Rate

2.34%

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 Chester, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62233	1.77%	1.80%	2.34%	2.34%	2.34%

Source: Ownwell

Property Tax Assessment Values Across Chester, Randolph County, Illinois

When examining property taxes in Chester, 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 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 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 Chester. For example, the median home price in Chester is $52,245, with tax bills ranging significantly across the county. Zip code 62233 has the highest median home price at $52,245.

Property Tax Assessment Values Across Chester, Randolph County, Illinois

Source: Ownwell

$18,795

$63,810

$108,825

Median Chester Market Value

$52,245

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 Chester, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62233	$10,640	$27,878	$52,245	$77,738	$106,176

Source: Ownwell

Property Tax Bills Across Chester, Randolph County, Illinois

In Chester, located in Randolph County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price here is $52,245, and homeowners can expect property tax bills to range significantly. For example, those in the 25th percentile pay around $509, while those in the 75th percentile see bills up to $1,759. Interestingly, Chester's median tax bill is $1,178, which is below the national median of $2,400. This suggests that while some homeowners may benefit from relatively lower taxes, others could still face burdensome bills. Factors such as property improvements or changes in local tax rates can influence these amounts. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expertise in property tax assessments, Ownwell helps identify potential savings, ensuring homeowners aren't overpaying. This can lead to substantial reductions in tax bills, offering relief and financial flexibility to property owners in Chester.

Property Tax Bills Across Chester, Randolph County, Illinois

Source: Ownwell

$377

$1,152

$1,926

Median Chester Tax Bill

$1,178

Median Randolph County Tax Bill

$1,100

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chester, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62233	$249	$509	$1,178	$1,759	$2,485

Source: Ownwell