Normal, Mclean County, Illinois Property Taxes

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

Median NORMAL, IL effective property tax rate: 2.68%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median NORMAL, IL home value: $169,869
Median annual NORMAL, IL tax bill: $4,482, $2,082 higher than the national median property tax bill of $2,400.

How are property taxes in McLean County calculated?

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

Last Updated March 1, 2025

Normal, Mclean County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.68%

Estimate Property Tax Bill

$4,552

$4,225

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

Property Tax Rates Across Normal, Mclean County, Illinois

Local government entities are responsible for setting property tax rates, which can vary significantly within Illinois. Annually, each county estimates its necessary budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.

For instance, the effective property tax rate in Normal, located in McLean County, is a point of interest. This rate can be compared to other cities in Illinois, as well as the median property tax rates in Illinois and across the United States. Notably, the median property tax rate in McLean County is higher than the national median rate of 1.02%. This difference highlights the variability of property tax rates within different regions, emphasizing the importance of understanding local tax obligations.

Property Tax Rates Across Normal, 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 Normal Tax Rate

2.68%

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 Normal, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61761	2.32%	2.54%	2.68%	2.79%	2.99%

Source: Ownwell

Property Tax Assessment Values Across Normal, Mclean County, Illinois

When examining property taxes in NORMAL, 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 NORMAL.

For example, the median home price in NORMAL is $169,869, with tax bills ranging significantly across the county. 61761 has the highest median home price at $169,869.

Property Tax Assessment Values Across Normal, Mclean County, Illinois

Source: Ownwell

$54,762

$156,365

$257,967

Median Normal Market Value

$169,869

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 Normal, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61761	$106,765	$138,368	$169,869	$217,323	$275,122

Source: Ownwell

Property Tax Bills Across Normal, Mclean County, Illinois

In NORMAL, located in McLean County, IL, property tax bills are calculated based on the assessed value of a home. Typically, this assessed value is a percentage of the property's market value. Homeowners in this area face a median property tax bill of $4,482, significantly higher than the national median of $2,400. This is due to the local tax rate applied to the assessed value, which can vary depending on the specific needs and budget requirements of the local government and schools. Factors influencing this tax bill include market fluctuations, local government budgets, and specific exemptions or deductions applicable to the homeowner. For residents, the tax bill can be a substantial financial burden, especially when it exceeds the national average. Ownwell offers a solution by helping homeowners appeal their property tax assessments and identify potential exemptions, potentially lowering their tax obligations. By leveraging expertise and local knowledge, Ownwell ensures homeowners pay no more than their fair share, providing peace of mind and financial relief.

Property Tax Bills Across Normal, Mclean County, Illinois

Source: Ownwell

$1,318

$3,989

$6,659

Median Normal Tax Bill

$4,482

Median Mclean County Tax Bill

$4,175

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Normal, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61761	$2,620	$3,528	$4,482	$5,872	$7,595

Source: Ownwell