Mclean County, Illinois Property Taxes
Median McLean County effective property tax rate: 2.62%, significantly higher than the national median of 1.02%. Median McLean County home value: $163,629. Median annual McLean County tax bill: $4,175, $1,775 higher than the national median property tax bill of $2,400.
How are property taxes in McLean County calculated?
Property taxes in McLean County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Bloomington or another part of McLean County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mclean County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.62%
Estimate Property Tax Bill
$4,287
$3,978
Property Tax Rates Across Mclean County, Illinois
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its borders. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Below, you can compare McLean County's effective property tax rate to other counties in Illinois or the U.S. median property tax rate. With a median property tax rate of 2.62%, McLean County stands significantly above the national median of 1.02%. This places a considerable impact on property owners in the area. For a more localized perspective, Stanford has the highest median tax rate in the county at 2.81%, while Farmer City offers some relief with the lowest rate at 1.97%. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 Mclean County Tax Rate
2.62%
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 Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mclean County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anchor | 1.33% | 2.07% | 2.45% | 2.78% | 3.22% |
| Arrowsmith | 1.71% | 2.11% | 2.40% | 2.57% | 3.00% |
| Bellflower | 1.42% | 1.92% | 2.26% | 2.58% | 2.95% |
| Bloomington | 2.14% | 2.39% | 2.59% | 2.76% | 2.83% |
| Carlock | 1.98% | 2.29% | 2.41% | 2.52% | 2.76% |
| Chenoa | 1.74% | 2.26% | 2.59% | 2.88% | 3.21% |
| Colfax | 1.88% | 2.26% | 2.56% | 2.82% | 3.14% |
| Cooksville | 1.72% | 2.34% | 2.57% | 2.87% | 3.22% |
| Cropsey | 1.10% | 2.12% | 2.61% | 2.97% | 2.97% |
| Danvers | 2.14% | 2.45% | 2.62% | 2.80% | 2.94% |
| Downs | 2.22% | 2.49% | 2.66% | 2.75% | 2.86% |
| Ellsworth | 1.95% | 2.28% | 2.45% | 2.69% | 2.96% |
| El Paso | 1.63% | 1.95% | 2.28% | 2.40% | 2.56% |
| Farmer City | 1.75% | 1.87% | 1.97% | 2.03% | 2.08% |
| Fisher | 1.90% | 2.05% | 2.11% | 2.24% | 2.35% |
| Gridley | 1.85% | 2.30% | 2.52% | 2.70% | 2.97% |
| Heyworth | 2.12% | 2.39% | 2.56% | 2.68% | 2.93% |
| Hudson | 2.19% | 2.41% | 2.57% | 2.67% | 2.74% |
| Leroy | 2.09% | 2.25% | 2.45% | 2.56% | 2.59% |
| Le Roy | 2.01% | 2.36% | 2.59% | 2.76% | 3.03% |
| Lexington | 2.11% | 2.42% | 2.62% | 2.75% | 3.02% |
| Mc Lean | 2.14% | 2.50% | 2.73% | 2.90% | 3.28% |
| Normal | 2.32% | 2.54% | 2.68% | 2.79% | 2.99% |
| Saybrook | 1.57% | 2.09% | 2.39% | 2.87% | 2.97% |
| Shirley | 1.68% | 2.19% | 2.42% | 2.62% | 2.80% |
| Stanford | 1.93% | 2.51% | 2.81% | 3.07% | 3.43% |
| Towanda | 2.08% | 2.32% | 2.46% | 2.57% | 2.72% |
| Atlanta | N/A | N/A | N/A | N/A | N/A |
| Congerville | N/A | N/A | N/A | N/A | N/A |
| Fairbury | N/A | N/A | N/A | N/A | N/A |
| Gibson City | N/A | N/A | N/A | N/A | N/A |
| Mansfield | N/A | N/A | N/A | N/A | N/A |
| Mclean | N/A | N/A | N/A | N/A | N/A |
| Merna | N/A | N/A | N/A | N/A | N/A |
| Minier | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mclean County, Illinois
When examining property taxes in McLean County, 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 McLean County Supervisor of Assessments 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 McLean 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 McLean County.
For example, the median tax bill in McLean County is $4,410, with tax bills ranging significantly across the county. LeRoy has the highest median home price at $241,671.
Median Mclean County Market Value
$163,629
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mclean County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anchor | $41,545 | $57,208 | $82,768 | $109,461 | $148,190 |
| Arrowsmith | $39,056 | $74,550 | $103,194 | $134,709 | $172,273 |
| Bellflower | $24,731 | $53,949 | $78,150 | $96,684 | $135,562 |
| Bloomington | $81,773 | $113,883 | $171,708 | $247,962 | $336,819 |
| Carlock | $98,436 | $120,282 | $147,087 | $219,071 | $281,245 |
| Chenoa | $40,591 | $65,966 | $91,173 | $131,081 | $169,278 |
| Colfax | $38,655 | $59,771 | $93,705 | $142,198 | $183,609 |
| Cooksville | $41,255 | $69,310 | $102,276 | $155,086 | $229,033 |
| Cropsey | $17,690 | $33,144 | $54,762 | $89,556 | $142,759 |
| Danvers | $89,592 | $116,078 | $150,264 | $199,473 | $266,578 |
| Downs | $85,422 | $124,830 | $199,071 | $297,231 | $391,701 |
| Ellsworth | $46,921 | $89,274 | $122,478 | $171,420 | $212,558 |
| El Paso | $118,756 | $122,805 | $158,445 | $193,935 | $219,003 |
| Farmer City | $105,100 | $144,700 | $157,869 | $171,195 | $208,251 |
| Fisher | $86,784 | $92,646 | $111,332 | $137,184 | $205,352 |
| Gridley | $64,098 | $90,462 | $128,601 | $171,723 | $230,559 |
| Heyworth | $84,894 | $116,571 | $164,412 | $223,107 | $278,299 |
| Hudson | $112,527 | $146,183 | $205,756 | $289,960 | $444,620 |
| Leroy | $131,555 | $162,006 | $241,671 | $335,409 | $376,880 |
| Le Roy | $74,124 | $97,858 | $134,763 | $178,410 | $236,080 |
| Lexington | $84,720 | $110,805 | $151,668 | $198,543 | $289,698 |
| Mc Lean | $59,095 | $83,890 | $113,574 | $146,684 | $209,479 |
| Normal | $106,765 | $138,368 | $169,869 | $217,323 | $275,122 |
| Saybrook | $35,835 | $61,311 | $84,369 | $115,098 | $161,236 |
| Shirley | $70,983 | $92,208 | $142,971 | $181,917 | $244,077 |
| Stanford | $29,626 | $63,914 | $101,613 | $147,052 | $217,437 |
| Towanda | $84,023 | $114,386 | $165,874 | $231,771 | $308,909 |
| Atlanta | N/A | N/A | N/A | N/A | N/A |
| Congerville | N/A | N/A | N/A | N/A | N/A |
| Fairbury | N/A | N/A | N/A | N/A | N/A |
| Gibson City | N/A | N/A | N/A | N/A | N/A |
| Mansfield | N/A | N/A | N/A | N/A | N/A |
| Mclean | N/A | N/A | N/A | N/A | N/A |
| Merna | N/A | N/A | N/A | N/A | N/A |
| Minier | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mclean County, Illinois
Median Mclean County Tax Bill
$4,175
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Mclean County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anchor | $587 | $1,168 | $2,014 | $3,045 | $3,811 |
| Arrowsmith | $659 | $1,690 | $2,406 | $3,059 | $3,792 |
| Bellflower | $335 | $969 | $1,649 | $2,310 | $3,104 |
| Bloomington | $1,850 | $2,725 | $4,323 | $6,521 | $9,149 |
| Carlock | $2,142 | $2,778 | $3,553 | $5,307 | $6,948 |
| Chenoa | $913 | $1,533 | $2,276 | $3,327 | $4,587 |
| Colfax | $798 | $1,380 | $2,319 | $3,694 | $5,015 |
| Cooksville | $986 | $1,691 | $2,500 | $3,991 | $6,177 |
| Cropsey | $310 | $556 | $1,318 | $1,935 | $3,607 |
| Danvers | $2,079 | $3,016 | $3,940 | $5,244 | $6,910 |
| Downs | $1,975 | $3,197 | $5,339 | $7,983 | $10,429 |
| Ellsworth | $839 | $2,171 | $2,876 | $4,042 | $5,297 |
| El Paso | $2,070 | $2,394 | $3,975 | $4,376 | $5,320 |
| Farmer City | $1,562 | $2,720 | $3,030 | $3,358 | $4,238 |
| Fisher | $1,422 | $1,811 | $2,190 | $2,985 | $4,800 |
| Gridley | $1,290 | $2,080 | $3,161 | $4,404 | $5,906 |
| Heyworth | $1,921 | $2,816 | $4,076 | $5,788 | $7,344 |
| Hudson | $2,449 | $3,471 | $5,120 | $7,551 | $11,978 |
| Leroy | $3,144 | $3,966 | $6,058 | $8,452 | $9,532 |
| Le Roy | $1,577 | $2,412 | $3,359 | $4,676 | $6,359 |
| Lexington | $1,890 | $2,704 | $3,864 | $5,351 | $8,017 |
| Mc Lean | $1,402 | $2,087 | $3,048 | $4,053 | $5,936 |
| Normal | $2,620 | $3,528 | $4,482 | $5,872 | $7,595 |
| Saybrook | $517 | $1,254 | $1,957 | $2,827 | $4,081 |
| Shirley | $1,395 | $2,039 | $3,247 | $4,651 | $6,626 |
| Stanford | $735 | $1,482 | $2,714 | $4,245 | $6,044 |
| Towanda | $1,880 | $2,771 | $3,903 | $5,802 | $7,793 |
| Atlanta | N/A | N/A | N/A | N/A | N/A |
| Congerville | N/A | N/A | N/A | N/A | N/A |
| Fairbury | N/A | N/A | N/A | N/A | N/A |
| Gibson City | N/A | N/A | N/A | N/A | N/A |
| Mansfield | N/A | N/A | N/A | N/A | N/A |
| Mclean | N/A | N/A | N/A | N/A | N/A |
| Merna | N/A | N/A | N/A | N/A | N/A |
| Minier | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell