Fisher, Mclean County, Illinois Property Taxes

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

Median Fisher, IL effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Fisher, IL home value: $111,332
Median annual Fisher, IL tax bill: $2,190, $210 lower than the national median property tax bill of $2,400.

How are property taxes in McLean County calculated?

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

Last Updated March 1, 2025

Fisher, Mclean County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$2,349

$2,180

Ownwell’s Fisher Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fisher with just two data points. By entering your property's estimated assessed value, our calculator applies Fisher’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 McLean. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fisher, Mclean 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 Fisher’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Fisher, located in McLean County, has an effective property tax rate of 2.11%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, indicating a uniform tax policy within the region. The median property tax bill in Fisher reflects this higher rate, surpassing the national median of $2,400. Understanding these figures is crucial for property owners in Fisher, as it highlights the importance of exploring property tax appeal and exemption services to potentially reduce their financial burden.

Property Tax Rates Across Fisher, Mclean County, Illinois

Source: Ownwell

1.97%

2.39%

2.81%

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 Fisher Tax Rate

2.11%

Median Effective Mclean County Tax Rate

2.62%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fisher, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61843	1.90%	2.05%	2.11%	2.24%	2.35%

Source: Ownwell

Property Tax Assessment Values Across Fisher, Mclean County, Illinois

When examining property taxes in Fisher, 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 McLean 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 McLean 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 Fisher.

For example, the median home price in Fisher is $111,332, with tax bills ranging significantly across the county. Zip code 61843 has the highest median home price at $111,332.

Property Tax Assessment Values Across Fisher, Mclean County, Illinois

Source: Ownwell

$54,762

$156,365

$257,967

Median Fisher Market Value

$111,332

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 Fisher, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61843	$86,784	$92,646	$111,332	$137,184	$205,352

Source: Ownwell

Property Tax Bills Across Fisher, Mclean County, Illinois

In Fisher, McLean County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Fisher face a median property tax bill of $2,190, which is slightly below the national median of $2,400. However, depending on the property's value and location, tax bills can range significantly, from $1,811 at the 25th percentile to $4,800 at the 90th percentile. This variation reflects differences in home values and the specific tax rates applied by local taxing authorities. High property taxes can significantly impact homeowners, affecting affordability and financial planning. Ownwell offers valuable assistance by helping homeowners identify potential savings through tax appeals and exemptions. By analyzing property assessments and ensuring they are fair and accurate, Ownwell can help reduce tax bills, ensuring homeowners in Fisher pay only their fair share.

Property Tax Bills Across Fisher, Mclean County, Illinois

Source: Ownwell

$1,318

$3,989

$6,659

Median Fisher Tax Bill

$2,190

Median Mclean County Tax Bill

$4,175

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Fisher, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61843	$1,422	$1,811	$2,190	$2,985	$4,800

Source: Ownwell