Bluford, Wayne County, Illinois Property Taxes

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

Median Bluford, IL effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bluford, IL home value: $65,164
Median annual Bluford, IL tax bill: $1,848, $552 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Bluford, Wayne County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.98%

Estimate Property Tax Bill

$1,290

$1,197

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

Property Tax Rates Across Bluford, Wayne County, Illinois

Local government entities determine tax rates, which can differ significantly within a state. Each county annually calculates its budget needs to fund services and then divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

Below, you can compare Bluford’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Bluford, located in Wayne County, has a median property tax rate of 1.98%. This rate is notably higher than the national median property tax rate of 1.02%. In fact, Bluford's rate is among the highest in the state, matching the highest median tax rate found in Illinois. This underscores the variation in property tax rates within the state and highlights the importance of understanding local tax implications. For property owners in Bluford, this means a more substantial property tax bill compared to the national median, emphasizing the value of exploring property tax appeal and exemption opportunities.

Property Tax Rates Across Bluford, Wayne County, Illinois

Source: Ownwell

1.71%

1.93%

2.16%

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 Bluford Tax Rate

1.98%

Median Effective Wayne County Tax Rate

2.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bluford, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62814	1.02%	1.59%	1.98%	2.17%	4.75%

Source: Ownwell

Property Tax Assessment Values Across Bluford, Wayne County, Illinois

When examining property taxes in Bluford, 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 Wayne 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 Wayne 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 Bluford. For example, the median home price in Bluford is $65,164, with tax bills ranging significantly across the county. Zip code 62814 has the highest median home price at $65,164.

Property Tax Assessment Values Across Bluford, Wayne County, Illinois

Source: Ownwell

$55,174

$78,362

$101,550

Median Bluford Market Value

$65,164

Median Wayne County Market Value

$66,714

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bluford, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62814	$2,468	$35,691	$65,164	$123,834	$182,990

Source: Ownwell

Property Tax Bills Across Bluford, Wayne County, Illinois

In Bluford, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors in Wayne County, Illinois. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median property tax bill in Bluford is $1,848, which is significantly lower than the national median of $2,400. However, homeowners at the 75th percentile can face tax bills as high as $3,430, and those at the 90th percentile may see bills up to $4,191. Factors influencing these bills include the home's assessed value, local tax rates, and any applicable exemptions. This can place a substantial financial burden on homeowners, especially those with higher-valued properties. Ownwell assists homeowners by evaluating their property assessments, identifying potential errors, and filing appeals to ensure fair taxation. By leveraging expert knowledge and experience, Ownwell can help homeowners potentially reduce their tax bills, providing significant savings and financial relief.

Property Tax Bills Across Bluford, Wayne County, Illinois

Source: Ownwell

$1,272

$1,694

$2,116

Median Bluford Tax Bill

$1,848

Median Wayne County Tax Bill

$1,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Bluford, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62814	$219	$777	$1,848	$3,430	$4,191

Source: Ownwell