Albion, Edwards County, Illinois Property Taxes
Property Taxes in Albion, Illinois
Median Albion, Illinois effective property tax rate: 2.26%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Albion, Illinois home value: $36,195
Median annual Albion, Illinois tax bill: $816, lower than the national median property tax bill of $2,400.
How are property taxes in Edwards calculated?
Property taxes in Albion, 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 Albion's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albion, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Albion, Edwards County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.26%
Estimate Property Tax Bill
$818
$759
How Does the Albion Property Tax Calculator Work?
Use this Albion property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Albion's median effective tax rate of 2.26% — based on actual property records in Edwards County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Albion'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 Albion: rates range from 2.26% in 62806 to 2.26% in 62806, 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 Albion.
About Albion Property Taxes
About Property Taxes in Albion, Edwards, Illinois
Albion’s median effective property tax rate of 2.26% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Edwards 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 Albion. Homeowners in the 62806 ZIP code carry a median effective rate of 2.26%, while those in the same ZIP also pay 2.26%. This means the spread is 0 percentage points across the city, reflecting how school district boundaries and local assessment districts are drawn across Edwards County. Understanding where you live in Albion can still help you better anticipate your annual tax bill.
Albion homeowners who believe their assessed value is too high can file a formal appeal with the 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 Albion, Edwards 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 Albion'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 Albion Tax Rate
2.26%
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 Edwards County Tax Rate
2.26%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Albion, Edwards County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62806 | 1.64% | 1.90% | 2.26% | 2.26% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Albion, Edwards County, Illinois
When examining property taxes in Albion, 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 Edwards County assessment 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.
Assessment notices:
In Edwards 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 Albion.
For example, the median home price in Albion is $36,195, with tax bills ranging significantly across the county. 62806 has the highest median home price at $36,195.
Property Tax Assessment Values Across Albion, Edwards County, Illinois
Source: Ownwell
$36,195
$36,195
$36,195
Median Albion Market Value
$36,195
Median Edwards County Market Value
$35,190
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Albion, Edwards County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62806 | $17,640 | $25,312 | $36,195 | $63,202 | $96,150 |
Source: Ownwell
Property Tax Bills Across Albion, Edwards County, Illinois
Albion property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessment to determine how much each homeowner owes, so the bill can vary depending on the home’s value and the tax rates set for schools, county services, and other local needs.
For homeowners in Albion, the median home price is $36,195, and the median property tax bill is $816.00 in ZIP code 62806. Bills can be lower or higher than that amount depending on the property’s assessed value and any changes in local tax rates. The 25th percentile tax bill is $562, while the 75th percentile is $1,385 and the 90th percentile is $1,853.
Because property taxes are tied to assessed value, a higher assessment can mean a larger bill. That makes property taxes an important ongoing cost for homeowners in Albion.
Median Albion Tax Bill
$816
Median Edwards County Tax Bill
$774
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Albion, Edwards County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62806 | $339 | $562 | $816 | $1,385 | $1,853 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Edwards Tax Assessor | |
| Website | edwardsil.devnetwedge.com |