Bridgeport, Lawrence County, Illinois Property Taxes

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Property Taxes in Bridgeport, Illinois

Median Bridgeport, Illinois effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Bridgeport, Illinois home value: $24,338
Median annual Bridgeport, Illinois tax bill: $759, lower than the national median property tax bill of $2,400.

How are property taxes in Lawrence calculated?

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

Last Updated April 13, 2026

Bridgeport, Lawrence County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.49%

Estimate Property Tax Bill

$606

$562

How Does the Bridgeport Property Tax Calculator Work?

Use this Bridgeport property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bridgeport's median effective tax rate of 2.49% — based on actual property records in Lawrence 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 Bridgeport'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 Bridgeport: rates range from 2.49% in 62417 to 2.49% in 62417, 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 Bridgeport.

About Bridgeport Property Taxes

About Property Taxes in Bridgeport, Lawrence, Illinois

Bridgeport's median effective property tax rate of 2.49% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Lawrence 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 Bridgeport. Homeowners in the 62417 ZIP code carry a median effective rate of 2.49%, while those in the same ZIP code pay 2.49%. This spread reflects how school district boundaries and local assessment districts are drawn across Lawrence County. Understanding which part of Bridgeport you live in can make a meaningful difference to your annual tax bill.

Bridgeport homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the January 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 Bridgeport, Lawrence 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 Bridgeport's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Bridgeport, Lawrence County, Illinois

Source: Ownwell

2.44%

3.84%

5.24%

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 Bridgeport Tax Rate

2.49%

Median Effective Lawrence County Tax Rate

3.83%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bridgeport, Lawrence County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62417	1.40%	1.89%	2.49%	5.82%	7.87%

Source: Ownwell

Property Tax Assessment Values Across Bridgeport, Lawrence County, Illinois

When examining property taxes in Bridgeport, 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 Lawrence 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 Lawrence 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 Bridgeport.

For example, the median home price in Bridgeport is $24,338, with tax bills ranging significantly across the county. 62417 has the highest median home price at $24,338.

Property Tax Assessment Values Across Bridgeport, Lawrence County, Illinois

Source: Ownwell

$24,338

$26,446

$28,554

Median Bridgeport Market Value

$24,338

Median Lawrence County Market Value

$27,140

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bridgeport, Lawrence County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62417	$3,909	$9,039	$24,338	$47,466	$85,181

Source: Ownwell

Property Tax Bills Across Bridgeport, Lawrence County, Illinois

Bridgeport property tax bills are calculated from the assessed value of a home and the local tax rate set by taxing authorities in Lawrence County. When a property’s market value changes, the assessed value may also change, which can affect the final bill. Local budgets for schools, roads, and other services are funded through these taxes, so homeowners pay based on how their property is valued and where it is located.

For Bridgeport homeowners, the size of the bill can vary widely. The median home price is $24,338, and the median property tax bill is $759 in ZIP code 62417. That is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills at the 25th percentile are $270, while bills at the 75th percentile reach $1,973 and the 90th percentile reach $3,137. This means small changes in assessed value can have a meaningful impact on what homeowners owe.

Property Tax Bills Across Bridgeport, Lawrence County, Illinois

Source: Ownwell

$759

$1,101

$1,442

Median Bridgeport Tax Bill

$759

Median Lawrence County Tax Bill

$1,032

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Bridgeport, Lawrence County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62417	$108	$270	$759	$1,973	$3,137

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	January 1

Links
Lawrence Tax Assessor
Website	lawrence-il.bhamaps.com

Frequently Asked Property Tax Questions in Bridgeport, Illinois

How are property taxes calculated in Bridgeport, Illinois?

Property taxes in Bridgeport, Illinois are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Bridgeport, Illinois?

To appeal your property taxes in Bridgeport, Illinois, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Bridgeport, Illinois?

Common property tax exemptions in Bridgeport, Illinois include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Bridgeport, Illinois?

Property tax deadlines in Bridgeport, Illinois vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Bridgeport, Illinois?

Ownwell provides professional property tax appeal services in Bridgeport, Illinois. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.