Urbana, Champaign County, Illinois Property Taxes

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

Median Urbana, IL effective property tax rate: 3.02%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Urbana, IL home value: $130,950
Median annual Urbana, IL tax bill: $3,826, $1,426 higher than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

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

Last Updated March 1, 2025

Urbana, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.02%

Estimate Property Tax Bill

$3,955

$3,670

Ownwell’s Urbana Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Urbana with just two data points. By entering your property's estimated assessed value, our calculator applies Urbana’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Champaign 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 Urbana, Champaign County, Illinois

Local government entities set property tax rates, which can vary significantly within Illinois. Each year, counties estimate their budget needs to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, is essentially an annual routine.

In Urbana, located in Champaign County, the effective property tax rate is notably higher than the national median of 1.02%. The median property tax rate in Urbana is 3.02%, which is also above Illinois' state average. This rate reflects the county's budgetary requirements and the value of taxable property. Within Urbana, there's a variation in tax rates, with the highest median rate being 3.17% in the 61801 zip code and the lowest at 2.88% in the 61802 zip code.

Comparing Urbana's rates to other cities in Illinois and the national average provides valuable insight into the local tax landscape. This information is crucial for property owners considering tax appeal or exemption services.

Property Tax Rates Across Urbana, 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 Urbana Taxx Rate

3.02%

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 Urbana, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61801	2.28%	2.88%	3.17%	3.61%	3.61%
61802	1.96%	2.37%	2.88%	3.18%	3.61%

Source: Ownwell

Property Tax Assessment Values Across Urbana, Champaign County, Illinois

When examining property taxes in Urbana, 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. Assessment notices: 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 Urbana. For example, the median home price in Urbana is $130,950, with tax bills ranging significantly across the county. Zip code 61801 has the highest median home price at $136,290.

Property Tax Assessment Values Across Urbana, Champaign County, Illinois

Source: Ownwell

$64,275

$153,698

$243,120

Median Urbana Market Value

$130,950

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 Urbana, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61801	$53,979	$86,408	$136,290	$187,042	$243,174
61802	$51,072	$76,785	$125,580	$187,755	$279,474

Source: Ownwell

Property Tax Bills Across Urbana, Champaign County, Illinois

In Urbana, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Urbana is $130,950, and the property tax rate in Champaign County influences how much homeowners pay annually. With a median tax bill of $3,460 in zip code 61802 and $4,265 in zip code 61801, Urbana's property tax bills are above the national median of $2,400. Factors such as location, home size, and improvements can affect the assessed value, impacting the tax bill. For homeowners, these taxes can be a significant expense, especially if the assessed value does not accurately reflect the home's market value. This is where Ownwell can assist. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly, potentially lowering their tax bills. With expertise in navigating local tax regulations, Ownwell can save homeowners money, making property ownership more affordable.

Property Tax Bills Across Urbana, Champaign County, Illinois

Source: Ownwell

$1,191

$3,485

$5,778

Median Urbana Tax Bill

$3,826

Median Champaign County Tax Bill

$3,816

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Urbana, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61801	$1,355	$2,536	$4,265	$6,045	$7,970
61802	$953	$1,983	$3,460	$5,336	$7,987

Source: Ownwell