Red Bud, Randolph County, Illinois Property Taxes

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

Median RED BUD, IL effective property tax rate: 1.99%, 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: $108,825
Median annual RED BUD, IL tax bill: $1,926, $474 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph 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, Randolph County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$2,166

$2,010

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 Randolph County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Red Bud, Randolph County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this amount by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in this process, this is the annual routine in a nutshell.

Residents of Red Bud in Randolph County, Illinois, experience an effective property tax rate of 1.99%. This rate stands out compared to other cities in Illinois and is notably higher than the national median rate of 1.02%. The property tax bill in Red Bud is significantly above the national median bill of $2,400. The consistent rate across zip codes in the area indicates a uniform approach to property taxation within this region. By understanding these rates and how they compare to state and national figures, property owners in Red Bud can better navigate their tax responsibilities.

Property Tax Rates Across Red Bud, 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 Red Bud Tax Rate

1.99%

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 Red Bud, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62278	1.69%	1.85%	1.99%	1.99%	1.99%

Source: Ownwell

Property Tax Assessment Values Across Red Bud, Randolph 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 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. Assessment notices: In Randolph 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 Red Bud. For example, the median home price in Red Bud is $108,825, with tax bills ranging significantly across the county. 62278 has the highest median home price at $108,825.

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

Source: Ownwell

$18,795

$63,810

$108,825

Median Red Bud Market Value

$108,825

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 Red Bud, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62278	$31,488	$59,558	$108,825	$173,880	$230,355

Source: Ownwell

Property Tax Bills Across Red Bud, Randolph County, Illinois

In Red Bud, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The tax rate applied to this assessed value determines the final tax bill. Factors such as local government budgets, school funding needs, and public services influence the tax rate. In Randolph County, the median property tax bill is $1,926, which is below the national median of $2,400. Homeowners in Red Bud may experience tax bills ranging from $1,187 at the 25th percentile to $4,475 at the 90th percentile, reflecting the variability in property values and tax rates within the area. This financial obligation can significantly impact homeowners, especially those with limited budgets. Ownwell assists homeowners by identifying potential tax exemptions and appealing inaccurate assessments, potentially reducing their property tax burden. By leveraging expertise in local tax regulations, Ownwell helps ensure that homeowners pay only their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Red Bud, Randolph County, Illinois

Source: Ownwell

$377

$1,152

$1,926

Median Red Bud Tax Bill

$1,926

Median Randolph County Tax Bill

$1,100

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Red Bud, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62278	$627	$1,187	$1,926	$3,369	$4,475

Source: Ownwell