Champaign, Champaign County, Illinois Property Taxes

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

Median Champaign, IL effective property tax rate: 2.68%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Champaign, IL home value: $155,250
Median annual Champaign, IL tax bill: $4,071, $1,671 higher than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

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

Last Updated March 1, 2025

Champaign, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.68%

Estimate Property Tax Bill

$4,161

$3,861

Ownwell’s Champaign Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Champaign with just two data points. By entering your property's estimated assessed value, our calculator applies Champaign’s 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 Champaign, Champaign County, Illinois

Local government entities in Illinois set tax rates, which can vary widely within the state. Each year, Champaign County estimates its budgetary needs to provide essential services and divides this figure by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

Champaign, located in Champaign County, has an effective property tax rate that stands out when compared to other cities in Illinois and the national median. The city's property tax rate is notably higher than the national median of 1.02%. Within Champaign, the highest median tax rate is found in the 61822 zip code, while the lowest is in the 61821 zip code. This variation highlights the importance of understanding local tax dynamics. For property owners in Champaign, being informed about these rates can lead to significant savings through potential appeals and exemptions.

Property Tax Rates Across Champaign, 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 Champaign Taxx Rate

2.68%

Median Effective Champaign County Taxx Rate

2.54%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Champaign, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61820	1.90%	2.32%	2.68%	3.07%	3.07%
61821	2.08%	2.43%	2.65%	2.83%	3.07%
61822	2.19%	2.38%	2.72%	2.87%	2.98%

Source: Ownwell

Property Tax Assessment Values Across Champaign, Champaign County, Illinois

When examining property taxes in Champaign, 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 March. 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 Champaign.

For example, the median home price in Champaign is $155,250, with tax bills ranging significantly across the county. Zip code 61822 has the highest median home price at $224,610.

Property Tax Assessment Values Across Champaign, Champaign County, Illinois

Source: Ownwell

$64,275

$153,698

$243,120

Median Champaign Market Value

$155,250

Median Champaign County Market Value

$152,850

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Champaign, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61820	$43,560	$66,015	$115,860	$171,090	$223,194
61821	$64,704	$97,650	$131,610	$177,615	$238,056
61822	$117,504	$160,958	$224,610	$306,660	$409,599

Source: Ownwell

Property Tax Bills Across Champaign, Champaign County, Illinois

In Champaign, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the home's market value. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the property's location, size, and any improvements made. Homeowners in Champaign face a median tax bill of $5,740 in the 61822 zip code, which is significantly above the national median of $2,400. Meanwhile, the lowest median tax bill in the area is $3,001 in the 61820 zip code. High property taxes can place a financial burden on homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially leading to substantial savings. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and reduce their tax bills.

Property Tax Bills Across Champaign, Champaign County, Illinois

Source: Ownwell

$1,191

$3,485

$5,778

Median Champaign Tax Bill

$4,071

Median Champaign County Tax Bill

$3,816

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Champaign, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61820	$949	$1,598	$3,001	$4,558	$6,005
61821	$1,530	$2,384	$3,430	$4,717	$6,543
61822	$2,869	$4,131	$5,740	$8,387	$11,320

Source: Ownwell