Ivesdale, Champaign County, Illinois Property Taxes
Median Ivesdale, IL effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ivesdale, IL home value: $113,040
Median annual Ivesdale, IL tax bill: $2,399, $1 lower than the national median property tax bill of $2,400.
How are property taxes in Champaign calculated?
Property taxes in Ivesdale, 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 Ivesdale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ivesdale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ivesdale, Champaign County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.3%
Estimate Property Tax Bill
$2,600
$2,413
Property Tax Rates Across Ivesdale, Champaign County, Illinois
Local government entities set tax rates, which can vary widely within Illinois. 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 Ivesdale’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Ivesdale, located in Champaign County, bears a notable burden with a property tax rate of 2.30%. This is significantly higher than the national median property tax rate of 1.02%. Homeowners in Ivesdale face a property tax bill that is more than double the national median of $2400. This high tax rate can have a substantial impact on household budgets, making it crucial for residents to explore potential property tax appeals and exemptions. Understanding these rates and their implications can empower homeowners to take action and potentially reduce their tax liabilities.
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 Ivesdale Taxx Rate
2.30%
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 County Taxx Rate
2.54%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Ivesdale, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61851 | 1.55% | 1.96% | 2.30% | 2.56% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Ivesdale, Champaign County, Illinois
When examining property taxes in Ivesdale, 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 Ivesdale. For example, the median home price in Ivesdale is $113,040, with tax bills ranging significantly across the county. 61851 has the highest median home price at $113,040.
Property Tax Assessment Values Across Ivesdale, Champaign County, Illinois
Source: Ownwell
$64,275
$153,698
$243,120
Median Ivesdale Market Value
$113,040
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 Ivesdale, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61851 | $56,511 | $83,220 | $113,040 | $161,085 | $205,836 |
Source: Ownwell
Property Tax Bills Across Ivesdale, Champaign County, Illinois
In Ivesdale, property tax bills are determined by assessing the market value of a home, which is then multiplied by the local tax rate. This tax rate is influenced by factors such as the funding needs of public services, schools, and infrastructure in Champaign County. Homeowners in Ivesdale face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,737, while the 75th percentile reaches $3,652, and the 90th percentile can be as high as $5,049. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell can assist homeowners in Ivesdale by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties in the area, Ownwell can identify discrepancies and help reduce your tax bill. With a team of experienced consultants, Ownwell ensures that you only pay what is fair, potentially saving you hundreds or even thousands of dollars annually.
Median Ivesdale Tax Bill
$2,399
Median Champaign County Tax Bill
$3,816
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Ivesdale, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61851 | $774 | $1,737 | $2,399 | $3,652 | $5,049 |
Source: Ownwell