Bradford, Stark County, Illinois Property Taxes
Median Bradford, IL effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bradford, IL home value: $149,866
Median annual Bradford, IL tax bill: $3,007, $607 higher than the national median property tax bill of $2,400.
How are property taxes in Stark calculated?
Property taxes in Bradford, 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 Bradford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bradford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bradford, Stark County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.01%
Estimate Property Tax Bill
$3,012
$2,795
Property Tax Rates Across Bradford, Stark County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core process each year.
In Bradford, located in Stark County, Illinois, the effective property tax rate stands at 2.01%, which is significantly higher than the national median of 1.02%. This rate is the highest and lowest in the area, as both the highest and lowest median tax rates are the same. Compared to other cities in Illinois, Bradford’s rate reflects the state's overall trend of higher property taxes. While the national median property tax bill is $2,400, Bradford's rate may lead to a higher bill for homeowners. Understanding these differences can help property owners make informed decisions and potentially seek property tax appeal or exemption services to alleviate their tax burden.
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 Bradford Taxx Rate
2.01%
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 Stark County Taxx Rate
2.20%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Bradford, Stark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61421 | 1.45% | 1.84% | 2.01% | 2.13% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, Stark County, Illinois
When examining property taxes in Bradford, 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 Stark 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 Stark 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 Bradford. For example, the median home price in Bradford is $149,866, with tax bills ranging significantly across the county. Zip code 61421 has the highest median home price at $149,866.
Property Tax Assessment Values Across Bradford, Stark County, Illinois
Source: Ownwell
$130,330
$207,970
$285,609
Median Bradford Market Value
$149,866
Median Stark County Market Value
$143,110
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Bradford, Stark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61421 | $37,456 | $86,067 | $149,866 | $224,230 | $324,302 |
Source: Ownwell
Property Tax Bills Across Bradford, Stark County, Illinois
In Bradford, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, determining the final tax bill. Factors such as local government budgets, public school funding, and community services influence the tax rate. Homeowners in Bradford face a median property tax bill of $3,007, which is significantly higher than the national median of $2,400. This can place a financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell can assist homeowners in Bradford by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps reduce over-assessed values. This can lead to substantial savings on property tax bills. With expertise in local tax laws and procedures, Ownwell ensures that homeowners pay only their fair share, alleviating the financial strain of high property taxes.
Median Bradford Tax Bill
$3,007
Median Stark County Tax Bill
$2,919
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Bradford, Stark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61421 | $381 | $1,573 | $3,007 | $4,558 | $6,685 |
Source: Ownwell