Rockwood, Randolph County, Illinois Property Taxes

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

Median Rockwood, IL effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rockwood, IL home value: $3,375
Median annual Rockwood, IL tax bill: $66, $2,334 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph County calculated?

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

Last Updated March 1, 2025

Rockwood, Randolph County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.95%

Estimate Property Tax Bill

$66

$61

Ownwell’s Rockwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rockwood with just two data points. By entering your property's estimated assessed value, our calculator applies Rockwood’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 Rockwood, Randolph County, Illinois

Local government entities are responsible for setting property tax rates, which can vary significantly across different regions within a state. This variation arises because each county annually determines its budgetary needs to maintain services and then divides this amount by the total assessed value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

In Rockwood, located in Randolph County, Illinois, the effective property tax rate is noticeably higher than the national median of 1.02%. This means that property owners in Rockwood contribute a larger portion of their property's assessed value towards taxes compared to the average American homeowner. When comparing Rockwood's rate to other cities in Illinois, it becomes evident that Illinois tends to have higher property tax rates overall, with a state median of 1.95%. This comparison highlights the importance for property owners in Rockwood to explore potential property tax appeals and exemptions to ensure they are not overpaying on their tax bills.

Property Tax Rates Across Rockwood, 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 Rockwood Tax Rate

1.95%

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 Rockwood, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62280	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Rockwood, Randolph County, Illinois

When examining property taxes in Rockwood, 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 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 Rockwood. For example, the median home price in Rockwood is $3,375, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Rockwood, Randolph County, Illinois

Source: Ownwell

$18,795

$63,810

$108,825

Median Rockwood Market Value

$3,375

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 Rockwood, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62280	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Rockwood, Randolph County, Illinois

In Rockwood, located in Randolph County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. In Rockwood, the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Rockwood face property tax bills that are significantly lower than the national median property tax bill of $2,400, with bills around $66. This is due to the relatively low median home price of $3,375 in the area. While this can be beneficial for homeowners, it's essential to ensure that the assessed value is accurate to avoid overpaying. Ownwell can assist by providing expert property tax appeal services, helping homeowners potentially reduce their tax bills. By reviewing assessments and filing appeals, Ownwell ensures that homeowners pay only their fair share, maximizing savings and providing peace of mind.

Property Tax Bills Across Rockwood, Randolph County, Illinois

Source: Ownwell

$377

$1,152

$1,926

Median Rockwood Tax Bill

$66

Median Randolph County Tax Bill

$1,100

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Rockwood, Randolph County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62280	N/A	N/A	N/A	N/A	N/A

Source: Ownwell