Steeleville, Randolph County, Illinois Property Taxes
Property Taxes in Steeleville, Illinois
Median Steeleville, Illinois effective property tax rate: 1.99%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Steeleville, Illinois home value: $81,075
Median annual Steeleville, Illinois tax bill: $1,577, $823 lower than the national median property tax bill of $2,400.
How are property taxes in Randolph calculated?
Property taxes in Steeleville, 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 Steeleville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Steeleville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Steeleville, Randolph County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.99%
Estimate Property Tax Bill
$1,613
$1,497
How Does the Steeleville Property Tax Calculator Work?
Use this Steeleville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Steeleville's median effective tax rate of 1.99% — based on actual property records in Randolph 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 Steeleville'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 Steeleville: rates range from 1.99% in 62288 to 1.99% in 62288, 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 Steeleville.
About Steeleville Property Taxes
About Property Taxes in Steeleville, Randolph, Illinois
Steeleville’s median effective property tax rate of 1.99% is higher than the Illinois state median of 2.33% and lower than the national median of 1.02%. This rate reflects the Randolph 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 Steeleville. Homeowners in ZIP code 62288 carry a median effective rate of 1.99%, while those in 62288 pay 1.99%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Randolph County. Understanding which part of Steeleville you live in can make a meaningful difference to your annual tax bill.
Steeleville 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 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 Steeleville, Randolph 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 Steeleville'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 Steeleville Tax Rate
1.99%
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 Randolph County Tax Rate
2.00%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Steeleville, Randolph County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62288 | 1.47% | 1.79% | 1.99% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Steeleville, Randolph County, Illinois
When examining property taxes in Steeleville, 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 the spring.
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 Steeleville.
For example, the median home price in Steeleville is $81,075, with tax bills ranging significantly across the county. 62288 has the highest median home price at $81,075.
Property Tax Assessment Values Across Steeleville, Randolph County, Illinois
Source: Ownwell
$18,195
$76,373
$134,550
Median Steeleville Market Value
$81,075
Median Randolph County Market Value
$54,615
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Steeleville, Randolph County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62288 | $18,910 | $53,149 | $81,075 | $173,231 | $187,136 |
Source: Ownwell
Property Tax Bills Across Steeleville, Randolph County, Illinois
Property tax bills in Steeleville are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value and the rules used by Randolph County and other local taxing authorities. The amount a homeowner owes depends on the assessed value, exemptions, and the budgets set by schools, local governments, and special districts.
For Steeleville homeowners, this means a tax bill can vary even among homes in the same area. With a median home price of $81,075, property taxes can represent a meaningful annual expense. The median tax bill is $1,577, while bills at the 25th percentile are $853 and the 75th percentile are $3,348. At the 90th percentile, bills reach $3,714.
Because property taxes are tied to assessed value, a higher valuation can lead to a larger bill. Homeowners should understand how their property is valued and how local tax rates affect the final amount they pay each year.
Median Steeleville Tax Bill
$1,577
Median Randolph County Tax Bill
$1,257
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Steeleville, Randolph County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62288 | $202 | $853 | $1,577 | $3,348 | $3,714 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Randolph Tax Assessor | |
| Website | randolphil.devnetwedge.com |