Broadlands, Champaign County, Illinois Property Taxes

Name: Property Tax Bills Across Broadlands, Champaign County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Broadlands, IL effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Broadlands, IL home value: $100,770
Median annual Broadlands, IL tax bill: $2,053, $347 lower than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

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

Last Updated March 1, 2025

Broadlands, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.09%

Estimate Property Tax Bill

$2,106

$1,954

Ownwell’s Broadlands Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Broadlands with just two data points. By entering your property's estimated assessed value, our calculator applies Broadlands’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Champaign County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Broadlands, Champaign County, Illinois

Local government entities in Illinois set tax rates, which can vary widely within the state. Each county annually estimates its needed budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Broadlands, located in Champaign County, the effective property tax rate stands at 2.09%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the substantial variance in tax rates across different regions. The property taxes in Broadlands are among the highest in the state, matching the highest median tax rate in Illinois. This comparison highlights the importance of understanding local tax rates and their implications on property owners. By appealing property taxes, homeowners can potentially lower their tax burden, making it crucial to stay informed and proactive.

Property Tax Rates Across Broadlands, Champaign County, Illinois

Source: Ownwell

1.72%

2.45%

3.17%

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 Broadlands Tax Rate

2.09%

Median Effective Champaign County Tax Rate

2.54%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broadlands, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61816	1.47%	1.86%	2.09%	2.40%	2.51%

Source: Ownwell

Property Tax Assessment Values Across Broadlands, Champaign County, Illinois

When examining property taxes in Broadlands, IL, 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 Champaign 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.

In Champaign County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Broadlands. For example, the median home price in Broadlands is $100,770, with tax bills ranging significantly across the county. Zip code 61816 has the highest median home price at $100,770.

Property Tax Assessment Values Across Broadlands, Champaign County, Illinois

Source: Ownwell

$64,275

$153,698

$243,120

Median Broadlands Market Value

$100,770

Median Champaign County Market Value

$152,850

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broadlands, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61816	$51,306	$74,130	$100,770	$155,010	$231,708

Source: Ownwell

Property Tax Bills Across Broadlands, Champaign County, Illinois

In Broadlands, located in Champaign County, Illinois, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Broadlands is approximately $100,770, with property tax rates often exceeding the national median of 1.02%. Homeowners in Broadlands experience a range of tax bills, with the 25th percentile at $1,308, and the 75th percentile at $3,301. Some property owners may see tax bills as high as $5,373, placing a significant financial burden on them. The median tax bill for the area is $2,053, which is below the national median of $2,400 but still substantial given the local home values.

Ownwell can assist homeowners in Broadlands by offering property tax appeal and exemption services to potentially lower these bills. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share. This service not only alleviates financial stress but also ensures property taxes align more closely with the actual market value of the home.

Property Tax Bills Across Broadlands, Champaign County, Illinois

Source: Ownwell

$1,191

$3,485

$5,778

Median Broadlands Tax Bill

$2,053

Median Champaign County Tax Bill

$3,816

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Broadlands, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61816	$719	$1,308	$2,053	$3,301	$5,373

Source: Ownwell