Royal, Champaign County, Illinois Property Taxes

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

Median Royal, IL effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Royal, IL home value: $147,300
Median annual Royal, IL tax bill: $3,084, $684 higher than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

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

Last Updated March 1, 2025

Royal, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$3,137

$2,912

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

Local government entities set tax rates, which can vary widely within a state. 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 Royal’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Royal, located in Champaign County, has a property tax rate of 2.13%, significantly higher than the national median property tax rate of 1.02%. This means that residents in Royal pay more in property taxes compared to the average American homeowner. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By appealing property taxes or seeking exemptions, homeowners in Royal can potentially lower their tax burden, aligning more closely with national averages.

Property Tax Rates Across Royal, 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 Royal Tax Rate

2.13%

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 Royal, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61871	1.78%	1.96%	2.13%	2.22%	2.45%

Source: Ownwell

Property Tax Assessment Values Across Royal, Champaign County, Illinois

When examining property taxes in Royal, Illinois, 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 Royal. For example, the median home price in Royal is $147,300, with tax bills ranging significantly across the county. Zip code 61871 has the highest median home price at $147,300.

Property Tax Assessment Values Across Royal, Champaign County, Illinois

Source: Ownwell

$64,275

$153,698

$243,120

Median Royal Market Value

$147,300

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 Royal, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61871	$77,127	$118,545	$147,300	$189,562	$237,294

Source: Ownwell

Property Tax Bills Across Royal, Champaign County, Illinois

In Royal, Champaign County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. Local tax rates are then applied to this assessed value to calculate the tax bill. Factors such as local government budgets, school district funding, and public service needs influence these rates. Homeowners in Royal face a median property tax bill of $3,084, which is notably higher than the national median of $2,400. This can place a significant financial burden on homeowners, especially when considering the 90th percentile tax bill reaching $5,241.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify potential discrepancies and advocate for a fairer tax assessment. This can lead to substantial savings, easing the financial pressure on homeowners in Royal. With expert knowledge and local insights, Ownwell ensures homeowners pay only their fair share in property taxes.

Property Tax Bills Across Royal, Champaign County, Illinois

Source: Ownwell

$1,191

$3,485

$5,778

Median Royal Tax Bill

$3,084

Median Champaign County Tax Bill

$3,816

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Royal, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61871	$1,705	$2,294	$3,084	$4,188	$5,241

Source: Ownwell