Percy, Randolph County, Illinois Property Taxes
Property Taxes in Percy, Illinois
Median Percy, Illinois effective property tax rate: 2.48%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Percy, Illinois home value: $18,195
Median annual Percy, Illinois tax bill: $432, lower than the national median property tax bill of $2,400.
How are property taxes in Randolph calculated?
Property taxes in Percy, Illinois 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 Percy's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Percy, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Percy, Randolph County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.48%
Estimate Property Tax Bill
$451
$419
How Does the Percy Property Tax Calculator Work?
Use this Percy property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Percy's median effective tax rate of 2.48% — based on actual property records in Randolph County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Percy's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Percy: rates range from 2.48% in 62272 to 2.48% in 62272, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Percy.
About Percy Property Taxes
About Property Taxes in Percy, Randolph, Illinois
Percy’s median effective property tax rate of 2.48% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Randolph County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Percy. Homeowners in the 62272 ZIP code carry a median effective rate of 2.48%, while those in the same ZIP code also pay 2.48%. This reflects how school district boundaries and local assessment districts are drawn across Randolph County.
Percy homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Percy, Randolph County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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 Percy’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Percy Tax Rate
2.48%
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 Randolph County Tax Rate
2.00%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Percy, Randolph County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62272 | 1.94% | 2.48% | 2.48% | 2.48% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Percy, Randolph County, Illinois
When examining property taxes in Percy, Illinois, 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 the month when notices are sent.
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 Percy.
For example, the median home price in Percy is $18,195, with tax bills ranging significantly across the county. 62272 has the highest median home price at $18,195.
Property Tax Assessment Values Across Percy, Randolph County, Illinois
Source: Ownwell
$18,195
$76,373
$134,550
Median Percy Market Value
$18,195
Median Randolph County Market Value
$54,615
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Percy, Randolph County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62272 | $9,096 | $11,490 | $18,195 | $46,035 | $92,364 |
Source: Ownwell
Property Tax Bills Across Percy, Randolph County, Illinois
How are property tax bills calculated in Percy, Randolph County, Illinois?
Property tax bills in Percy are based on the assessed value of a home, not its market price. Local tax rates are applied to that assessed value, and the final bill reflects how much taxable value is assigned to the property. For Percy homeowners, the median home price is $18,195, which helps explain why tax bills can vary widely from one property to another.
What affects the amount a homeowner pays? The condition, location, and assessed value of the home all matter, along with local taxing jurisdictions that fund services such as schools and public safety. In Percy, the 25th percentile tax bill is $258, the 75th percentile is $1,143, and the 90th percentile is $2,239.
How does this affect homeowners? A higher assessed value or higher local tax rate can increase the bill, while lower assessments can keep costs down. The median tax bill is $432 in ZIP code 62272, which is well below the national median property tax bill of $2,400.
Median Percy Tax Bill
$432
Median Randolph County Tax Bill
$1,257
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Percy, Randolph County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62272 | $162 | $258 | $432 | $1,143 | $2,239 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Randolph Tax Assessor | |
| Website | randolphil.devnetwedge.com |