Foosland, Champaign County, Illinois Property Taxes

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

Median Foosland, IL effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Foosland, IL home value: $112,200
Median annual Foosland, IL tax bill: $2,153, $247 lower than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

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

Last Updated March 1, 2025

Foosland, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$2,367

$2,197

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

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Foosland, located in Champaign County, Illinois, the effective property tax rate stands at 2.11%. This is notably higher than the national median property tax rate of 1.02%. The median property tax rate in Illinois also reflects this higher trend, emphasizing the state's reputation for having some of the highest property taxes in the country. Despite this, it's essential to understand that these rates support essential local services such as schools, infrastructure, and emergency services, which contribute to maintaining the community's quality of life. Comparing Foosland’s property tax rate to other cities within Illinois and the U.S. highlights the importance of considering local tax rates when evaluating property investments.

Property Tax Rates Across Foosland, 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 Foosland Taxx Rate

2.11%

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 Foosland, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61845	1.21%	1.88%	2.11%	2.44%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Foosland, Champaign County, Illinois

When examining property taxes in Foosland, 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 May. 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 Foosland.

For example, the median home price in Foosland is $112,200, with tax bills ranging significantly across the county. Zip code 61845 has the highest median home price at $112,200.

Property Tax Assessment Values Across Foosland, Champaign County, Illinois

Source: Ownwell

$64,275

$153,698

$243,120

Median Foosland Market Value

$112,200

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 Foosland, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61845	$17,544	$48,450	$112,200	$187,830	$294,192

Source: Ownwell

Property Tax Bills Across Foosland, Champaign County, Illinois

In Foosland, Champaign County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Various factors, including local government budgets and school funding needs, influence the tax rate. Homeowners in Foosland face varying property tax bills, with the 25th percentile at $811 and the 90th percentile reaching $6,555, reflecting the disparity in property values and tax burdens. Compared to the national median property tax bill of $2,400, Foosland's median bill of $2,153 is slightly lower, providing some relief to homeowners. However, this still represents a significant expense for many. Ownwell assists homeowners by reviewing their property assessments and identifying opportunities for appeals or exemptions. By leveraging local market data and expertise, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they pay only their fair share and potentially saving them thousands of dollars annually.

Property Tax Bills Across Foosland, Champaign County, Illinois

Source: Ownwell

$1,191

$3,485

$5,778

Median Foosland Tax Bill

$2,153

Median Champaign County Tax Bill

$3,816

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Foosland, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61845	$361	$811	$2,153	$4,074	$6,555

Source: Ownwell