Champaign County Property Taxes
The median property tax rate in Champaign County is 2.54%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $152,850, the typical annual property tax bill in Champaign County reaches $3,816, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Champaign County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Champaign or another part of Champaign County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Champaign County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Champaign Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Champaign with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Champaign to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Champaign County, Illinois
Property taxes in Champaign County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Champaign County is 2.54%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Champaign County set these rates annually, and they can vary significantly between different areas within the county. Each year, Champaign County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Champaign County's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Urbana has one of the higher property tax rates in Illinois at 3.02%, while the city of Tuscola boasts one of the lowest at 1.37%. Analyzing how Champaign County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Champaign County Tax Rate
2.54%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Champaign County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | 1.92% | 2.08% | 2.15% | 2.36% | 2.47% |
| Bondville | 1.30% | 2.00% | 2.18% | 2.36% | 2.60% |
| Broadlands | 1.47% | 1.86% | 2.09% | 2.40% | 2.51% |
| Champaign | 2.10% | 2.39% | 2.68% | 2.88% | 3.07% |
| Dewey | 1.79% | 2.01% | 2.17% | 2.28% | 2.40% |
| Fisher | 1.67% | 1.94% | 2.09% | 2.21% | 2.40% |
| Foosland | 1.21% | 1.88% | 2.11% | 2.44% | 2.81% |
| Gibson City | 1.99% | 2.00% | 2.02% | 2.04% | 2.05% |
| Gifford | 1.63% | 2.02% | 2.23% | 2.39% | 2.62% |
| Homer | 1.53% | 1.99% | 2.22% | 2.37% | 2.73% |
| Ivesdale | 1.55% | 1.96% | 2.30% | 2.56% | 2.85% |
| Longview | 0.67% | 1.67% | 2.17% | 2.74% | 2.78% |
| Ludlow | 1.25% | 1.88% | 2.42% | 2.72% | 2.76% |
| Mahomet | 2.02% | 2.18% | 2.39% | 2.51% | 2.60% |
| Mansfield | 2.20% | 2.20% | 2.21% | 2.22% | 2.22% |
| Monticello | 1.74% | 1.76% | 1.80% | 1.83% | 1.86% |
| Ogden | 1.87% | 2.12% | 2.27% | 2.36% | 2.63% |
| Paxton | 1.91% | 2.01% | 2.22% | 2.45% | 2.61% |
| Penfield | 1.40% | 1.82% | 2.12% | 2.41% | 2.45% |
| Pesotum | 1.44% | 1.64% | 1.72% | 1.83% | 2.07% |
| Philo | 1.57% | 1.74% | 1.87% | 1.95% | 2.12% |
| Rankin | 1.64% | 1.74% | 1.97% | 2.27% | 2.34% |
| Rantoul | 1.77% | 2.29% | 2.75% | 3.18% | 3.52% |
| Royal | 1.78% | 1.96% | 2.13% | 2.22% | 2.45% |
| Sadorus | 1.41% | 1.64% | 1.85% | 2.16% | 2.18% |
| Saint Joseph | 1.85% | 2.04% | 2.18% | 2.27% | 2.40% |
| Savoy | 2.15% | 2.30% | 2.42% | 2.54% | 2.65% |
| Seymour | 1.78% | 1.94% | 2.13% | 2.28% | 2.34% |
| Sidney | 1.38% | 1.62% | 1.76% | 1.87% | 1.98% |
| Thomasboro | 1.27% | 1.88% | 2.16% | 2.36% | 2.72% |
| Tolono | 1.49% | 1.76% | 1.90% | 2.01% | 2.18% |
| Tuscola | 1.19% | 1.26% | 1.37% | 1.49% | 1.55% |
| Urbana | 2.08% | 2.59% | 3.02% | 3.31% | 3.61% |
| Villa Grove | 1.69% | 1.96% | 2.09% | 2.17% | 2.31% |
| White Heath | 1.82% | 1.84% | 1.88% | 2.00% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Champaign County, Illinois
In Champaign County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Champaign County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Champaign County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Champaign County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Mansfield has the highest median tax bill at $8,178, while Rankin has the lowest at $1,152.
Property Tax Assessment Values Across Champaign County, Illinois
Source: Ownwell
$64,275
$217,343
$370,410
Average Champaign County Assessed Value
$152,850
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Champaign County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | $58,884 | $101,865 | $229,020 | $260,790 | $389,100 |
| Bondville | $79,116 | $93,960 | $119,310 | $145,230 | $169,392 |
| Broadlands | $51,306 | $74,130 | $100,770 | $155,010 | $231,708 |
| Champaign | $65,706 | $105,090 | $155,250 | $225,428 | $325,950 |
| Dewey | $72,192 | $124,440 | $207,300 | $304,695 | $378,009 |
| Fisher | $82,212 | $110,355 | $145,830 | $200,250 | $245,454 |
| Foosland | $17,544 | $48,450 | $112,200 | $187,830 | $294,192 |
| Gibson City | $113,583 | $116,828 | $122,235 | $127,642 | $130,887 |
| Gifford | $67,512 | $105,990 | $151,710 | $204,540 | $254,262 |
| Homer | $53,706 | $86,408 | $116,100 | $168,788 | $273,591 |
| Ivesdale | $56,511 | $83,220 | $113,040 | $161,085 | $205,836 |
| Longview | $15,333 | $38,422 | $64,275 | $146,962 | $199,857 |
| Ludlow | $22,887 | $42,308 | $68,730 | $108,232 | $172,374 |
| Mahomet | $137,424 | $172,568 | $226,785 | $312,022 | $407,946 |
| Mansfield | $305,706 | $329,970 | $370,410 | $410,850 | $435,114 |
| Monticello | $75,357 | $84,262 | $99,105 | $113,948 | $122,853 |
| Ogden | $85,380 | $118,695 | $147,870 | $197,790 | $278,190 |
| Paxton | $72,315 | $104,542 | $138,585 | $195,202 | $243,420 |
| Penfield | $39,747 | $73,590 | $108,525 | $182,438 | $267,129 |
| Pesotum | $88,953 | $110,700 | $139,395 | $178,860 | $219,168 |
| Philo | $95,460 | $136,110 | $176,580 | $232,500 | $296,352 |
| Rankin | $34,356 | $53,490 | $66,150 | $101,220 | $127,680 |
| Rantoul | $39,780 | $55,222 | $82,935 | $119,670 | $158,430 |
| Royal | $77,127 | $118,545 | $147,300 | $189,562 | $237,294 |
| Sadorus | $39,282 | $78,390 | $116,880 | $168,300 | $235,620 |
| Saint Joseph | $111,030 | $148,942 | $190,740 | $234,735 | $297,030 |
| Savoy | $133,740 | $173,670 | $243,120 | $307,620 | $382,254 |
| Seymour | $75,843 | $103,598 | $174,030 | $275,738 | $354,015 |
| Sidney | $63,225 | $115,590 | $159,405 | $203,288 | $261,924 |
| Thomasboro | $43,608 | $69,795 | $91,320 | $123,915 | $154,104 |
| Tolono | $88,080 | $117,712 | $159,015 | $223,718 | $272,037 |
| Tuscola | $104,961 | $107,062 | $110,565 | $114,068 | $116,169 |
| Urbana | $52,968 | $82,380 | $130,950 | $187,350 | $260,874 |
| Villa Grove | $91,044 | $136,260 | $148,110 | $213,120 | $258,636 |
| White Heath | $176,400 | $200,670 | $224,970 | $269,070 | $466,320 |
Source: Ownwell
Property Tax Bills Across Champaign County, Illinois
In Champaign County, IL, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value. Factors such as property type, location, and any applicable exemptions also play a role in determining the final tax bill. For homeowners, this means that higher property values generally result in higher tax bills. For example, the median home price in Champaign County is $152,850. Tax bills can vary significantly within the county, with the 25th percentile bill at $2,373, the 75th percentile bill at $5,680, and the 90th percentile bill reaching $8,251. Comparatively, the national median property tax rate is 0.99%, which highlights the variability in tax burdens across different regions. Homeowners in cities like Mansfield face the highest median tax bill at $8,178, while those in Rankin enjoy the lowest at $1,152. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Champaign County Tax Bill
$3,816
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Champaign County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | $1,136 | $1,964 | $4,899 | $5,868 | $9,671 |
| Bondville | $888 | $1,900 | $2,451 | $3,253 | $3,879 |
| Broadlands | $719 | $1,308 | $2,053 | $3,301 | $5,373 |
| Champaign | $1,542 | $2,613 | $4,071 | $5,970 | $8,986 |
| Dewey | $1,277 | $2,440 | $4,321 | $6,566 | $8,343 |
| Fisher | $1,471 | $2,148 | $2,980 | $4,247 | $5,353 |
| Foosland | $361 | $811 | $2,153 | $4,074 | $6,555 |
| Gibson City | $2,262 | $2,340 | $2,471 | $2,602 | $2,680 |
| Gifford | $1,191 | $2,137 | $3,183 | $4,601 | $5,780 |
| Homer | $870 | $1,670 | $2,508 | $3,768 | $6,086 |
| Ivesdale | $774 | $1,737 | $2,399 | $3,652 | $5,049 |
| Longview | $144 | $479 | $1,191 | $2,798 | $4,243 |
| Ludlow | $411 | $827 | $1,446 | $2,417 | $4,222 |
| Mahomet | $2,874 | $3,863 | $5,299 | $7,510 | $10,117 |
| Mansfield | $6,782 | $7,305 | $8,178 | $9,051 | $9,574 |
| Monticello | $1,318 | $1,500 | $1,803 | $2,106 | $2,288 |
| Ogden | $1,689 | $2,491 | $3,214 | $4,495 | $6,308 |
| Paxton | $1,309 | $2,042 | $3,314 | $4,597 | $6,040 |
| Penfield | $593 | $1,233 | $2,237 | $3,729 | $6,133 |
| Pesotum | $1,261 | $1,754 | $2,332 | $3,077 | $4,167 |
| Philo | $1,575 | $2,309 | $3,239 | $4,363 | $5,703 |
| Rankin | $647 | $842 | $1,152 | $1,991 | $2,773 |
| Rantoul | $853 | $1,396 | $2,188 | $3,359 | $4,470 |
| Royal | $1,705 | $2,294 | $3,084 | $4,188 | $5,241 |
| Sadorus | $487 | $1,286 | $2,088 | $3,059 | $4,573 |
| Saint Joseph | $2,098 | $2,956 | $4,023 | $5,144 | $6,690 |
| Savoy | $2,925 | $3,989 | $5,778 | $7,554 | $9,819 |
| Seymour | $1,303 | $2,025 | $3,639 | $6,062 | $7,893 |
| Sidney | $884 | $1,792 | $2,773 | $3,682 | $4,769 |
| Thomasboro | $634 | $1,282 | $1,943 | $2,756 | $3,531 |
| Tolono | $1,312 | $2,060 | $2,927 | $4,317 | $5,390 |
| Tuscola | $1,382 | $1,428 | $1,504 | $1,580 | $1,625 |
| Urbana | $1,145 | $2,250 | $3,826 | $5,784 | $7,981 |
| Villa Grove | $1,113 | $1,926 | $3,327 | $4,277 | $5,381 |
| White Heath | $3,642 | $3,839 | $4,147 | $5,128 | $10,850 |
Source: Ownwell