Edgewood, Clay County, Illinois Property Taxes
Property Taxes in Edgewood, Illinois
Median Edgewood, Illinois effective property tax rate: 1.72%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Edgewood, Illinois home value: $39,561
Median annual Edgewood, Illinois tax bill: $727, lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in Edgewood, 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 Edgewood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edgewood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Edgewood, Clay County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.72%
Estimate Property Tax Bill
$680
$631
How Does the Edgewood Property Tax Calculator Work?
Use this Edgewood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Edgewood's median effective tax rate of 1.72% — based on actual property records in Clay County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Edgewood'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 Edgewood: rates are the same at 727 in 62426, 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 Edgewood.
About Edgewood Property Taxes
About Property Taxes in Edgewood, Clay, Illinois
Edgewood's median effective property tax rate of 1.72% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects Clay County levies and local taxing districts that help determine each homeowner’s assessed property tax bill.
Property tax rates are not uniform across Edgewood. Homeowners in the 62426 ZIP code carry a median effective rate of 1.72%, and the same ZIP also shows the city’s median tax bill of $727. That consistency reflects how local assessment patterns and district boundaries shape property taxes within the area.
Edgewood homeowners who believe their assessed value is too high can file a formal appeal with the Clay County Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill 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 Edgewood, Clay 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 Edgewood'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 Edgewood Tax Rate
1.72%
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 Clay County Tax Rate
1.75%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edgewood, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62426 | 0.87% | 1.28% | 1.72% | 2.26% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Edgewood, Clay County, Illinois
When examining property taxes in Edgewood, 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 Clay 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 Clay 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 Edgewood.
For example, the median home price in Edgewood is $39,561, with tax bills ranging significantly across the county. 62426 has the highest median home price at $39,561.
Property Tax Assessment Values Across Edgewood, Clay County, Illinois
Source: Ownwell
$39,561
$53,808
$68,055
Median Edgewood Market Value
$39,561
Median Clay County Market Value
$51,015
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edgewood, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62426 | $9,118 | $21,714 | $39,561 | $75,214 | $92,843 |
Source: Ownwell
Property Tax Bills Across Edgewood, Clay County, Illinois
Property tax bills in Edgewood are based on the assessed value of a home, not its market price, and the local tax rate applied to that assessment. For homeowners, the bill is determined by multiplying the assessed value by the applicable tax rate, which reflects local budgets for schools, roads, and other public services.
Several factors can affect the final amount. A home’s assessed value, exemptions, and any changes in local taxing rates all play a role in what a homeowner owes. In Edgewood, the median home price is $39,561, and the median property tax bill is $727.00 in ZIP code 62426.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Edgewood homeowners often face lower bills. Even so, property taxes still affect monthly housing costs and long-term affordability, making it important for homeowners to understand how their bill is calculated.
Median Edgewood Tax Bill
$727
Median Clay County Tax Bill
$804
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Edgewood, Clay County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62426 | $159 | $237 | $727 | $952 | $1,757 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Clay Tax Assessor | |
| Website | clayil.devnetwedge.com |