Eldred, Greene County, Illinois Property Taxes
Property Taxes in Eldred, Illinois
Median Eldred, Illinois effective property tax rate: 1.43%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Eldred, Illinois home value: $42,189
Median annual Eldred, Illinois tax bill: $560, $1,840 lower than the national median property tax bill of $2,400.
How are property taxes in Greene County calculated?
Property taxes in Eldred, 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 Eldred's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eldred, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Eldred, Greene County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.43%
Estimate Property Tax Bill
$603
$560
How Does the Eldred Property Tax Calculator Work?
Use this Eldred property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Eldred's median effective tax rate of 1.43% — based on actual property records in Greene 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 Eldred'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 Eldred: rates range from 560 in 62027 to 560 in 62027, 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 Eldred.
About Eldred Property Taxes
About Property Taxes in Eldred, Greene, Illinois
Eldred’s median effective property tax rate of 1.43% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Greene County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Eldred. Homeowners in the 62027 ZIP code carry a median effective rate of 1.43%, while those in the same ZIP also pay 1.43%. This spread reflects how school district boundaries and local assessment districts are drawn across Greene County. Understanding which part of Eldred you live in can make a meaningful difference to your annual tax bill.
Eldred 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 Eldred, Greene 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 Eldred'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 Eldred Tax Rate
1.43%
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 Greene County Tax Rate
2.00%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eldred, Greene County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62027 | 0.52% | 0.93% | 1.43% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Eldred, Greene County, Illinois
When examining property taxes in Eldred, 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 Greene County assessment process 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 Greene County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
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. For Eldred, the median home price is $42,189, and the median tax bill is $560, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.
Property Tax Assessment Values Across Eldred, Greene County, Illinois
Source: Ownwell
$24,010
$55,057
$86,104
Median Eldred Market Value
$42,189
Median Greene County Market Value
$57,052
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eldred, Greene County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62027 | $7,395 | $25,595 | $42,189 | $68,832 | $99,241 |
Source: Ownwell
Property Tax Bills Across Eldred, Greene County, Illinois
Property tax bills in Eldred are based on the assessed value of a home, not its market price. Local taxing authorities apply the property tax rate to that assessed value, and the result is the annual bill homeowners receive. For Eldred, where the median home price is $42,189, the tax bill can vary widely depending on the home’s assessed value and any local tax rates that apply.
What a homeowner pays is also shaped by exemptions, local levies, and changes in assessment. The 25th percentile tax bill is $159, while the 75th percentile is $796 and the 90th percentile is $1,354, showing that property tax costs can differ significantly across homes. In Greene County, these differences can have a real impact on household budgets, especially when a home is assessed higher than expected.
Median Eldred Tax Bill
$560
Median Greene County Tax Bill
$1,067
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Eldred, Greene County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62027 | $88 | $159 | $560 | $796 | $1,354 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Greene Tax Assessor | |
| Website | greenecounty.munisselfservice.com |