Villa Grove, Champaign County, Illinois Property Taxes

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

Median Villa Grove, IL effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Villa Grove, IL home value: $148,110. Median annual Villa Grove, IL tax bill: $3,327, $927 higher than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

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

Last Updated March 1, 2025

Villa Grove, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.09%

Estimate Property Tax Bill

$3,095

$2,873

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

Local government entities determine property tax rates, which can differ significantly across Illinois. This variation is due to each county's annual budget requirements. The county estimates the budget needed to provide essential services and divides it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the core of how rates are set each year.

In Villa Grove, located in Champaign County, the effective property tax rate is 2.09%, which is considerably higher than the national median property tax rate of 1.02%. This places Villa Grove among the cities with the highest property tax rates in Illinois. When compared to the national median property tax bill of $2400, homeowners in Villa Grove may find their property tax bills to be significantly higher. Understanding these rates is crucial for property owners, as it impacts overall affordability and financial planning.

Property Tax Rates Across Villa Grove, 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 Villa Grove Taxx Rate

2.09%

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 Villa Grove, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61956	1.69%	1.96%	2.09%	2.17%	2.31%

Source: Ownwell

Property Tax Assessment Values Across Villa Grove, Champaign County, Illinois

When examining property taxes in Villa Grove, 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 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 Villa Grove.

For example, the median home price in Villa Grove is $148,110, with tax bills ranging significantly across the county. 61956 has the highest median home price at $148,110.

Property Tax Assessment Values Across Villa Grove, Champaign County, Illinois

Source: Ownwell

$64,275

$153,698

$243,120

Median Villa Grove Market Value

$148,110

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 Villa Grove, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61956	$91,044	$136,260	$148,110	$213,120	$258,636

Source: Ownwell

Property Tax Bills Across Villa Grove, Champaign County, Illinois

In Villa Grove, Champaign County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $148,110, the assessed value is determined by local assessment practices. The property tax rate is then applied to this assessed value to calculate the tax bill. In Villa Grove, the median property tax bill is $3,327, which is significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. High property taxes can be a financial burden for homeowners, making it essential to explore ways to reduce them. Ownwell offers expert property tax appeal and exemption services to help homeowners potentially lower their tax bills. By analyzing assessment records and identifying discrepancies, Ownwell can guide homeowners through the appeal process, ensuring they pay only their fair share and potentially saving them a substantial amount on their property taxes.

Property Tax Bills Across Villa Grove, Champaign County, Illinois

Source: Ownwell

$1,191

$3,485

$5,778

Median Villa Grove Tax Bill

$3,327

Median Champaign County Tax Bill

$3,816

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Villa Grove, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61956	$1,113	$1,926	$3,327	$4,277	$5,381

Source: Ownwell