Springfield, Sangamon County, Illinois Property Taxes

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

Median Springfield, IL effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Springfield, IL home value: $130,887
Median annual Springfield, IL tax bill: $3,118, $718 higher than the national median property tax bill of $2,400.

How are property taxes in Sangamon County calculated?

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

Last Updated March 1, 2025

Springfield, Sangamon County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.4%

Estimate Property Tax Bill

$3,141

$2,915

Ownwell’s Springfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Springfield with just two data points.

By entering your property's estimated assessed value, our calculator applies Springfield’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 Sangamon County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Springfield, Sangamon County, Illinois

Local government entities set property tax rates, which can vary significantly within Illinois. Each county, including Sangamon, estimates its required budget annually 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, this is the annual process in a nutshell.

In Springfield, located in Sangamon County, the effective property tax rate is a point of comparison with other cities in Illinois and the national median. Springfield's rate reflects the county's need to balance its budget with the value of taxable properties. Illinois has a median property tax rate of 2.40%, which is notably higher than the national median of 1.02%. The highest median tax rate in the county is 2.99% in the 62701 zip code, while the lowest is 2.19% in the 62707 zip code. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Springfield, Sangamon County, Illinois

Source: Ownwell

1.74%

2.36%

2.99%

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 Springfield Taxx Rate

2.40%

Median Effective Sangamon County Taxx Rate

2.31%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Springfield, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62701	2.99%	2.99%	2.99%	2.99%	2.99%
62702	1.52%	2.01%	2.36%	2.59%	2.99%
62703	1.39%	1.91%	2.27%	2.55%	2.99%
62704	2.02%	2.32%	2.55%	2.71%	2.99%
62707	1.72%	1.99%	2.19%	2.45%	2.62%
62711	2.15%	2.30%	2.46%	2.63%	2.76%
62712	2.03%	2.16%	2.32%	2.42%	2.59%

Source: Ownwell

Property Tax Assessment Values Across Springfield, Sangamon County, Illinois

When examining property taxes in Springfield, 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 Sangamon County Assessor 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: Sangamon 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 Springfield.

For example, the median home price in Springfield is $130,887, with tax bills ranging significantly across the county. Zip code 62711 has the highest median home price at $254,134.

Property Tax Assessment Values Across Springfield, Sangamon County, Illinois

Source: Ownwell

$56,421

$155,278

$254,134

Median Springfield Market Value

$130,887

Median Sangamon County Market Value

$144,820

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Springfield, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62701	$30,389	$43,056	$56,421	$65,508	$83,324
62702	$39,940	$58,896	$84,420	$115,023	$154,472
62703	$27,713	$45,795	$80,466	$114,092	$150,306
62704	$70,026	$97,154	$139,623	$184,528	$253,643
62707	$77,078	$108,088	$140,860	$196,556	$278,546
62711	$150,582	$194,946	$254,134	$333,429	$427,417
62712	$152,074	$177,624	$224,238	$291,882	$386,558

Source: Ownwell

Property Tax Bills Across Springfield, Sangamon County, Illinois

In Springfield, located in Sangamon 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 government determines the tax rate, which is then applied to the assessed value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the tax bill. Homeowners in Springfield face a range of property tax bills, with the 25th percentile at $1,780 and the 75th percentile at $4,952. Notably, the highest median tax bill in the area is $6,380 in the 62711 zip code, while the lowest is $1,685 in the 62701 zip code. These figures highlight the variability in tax burdens across different areas. By partnering with Ownwell, homeowners can potentially reduce their property tax bills. Ownwell offers expert property tax appeal services, helping to ensure assessments are fair and accurate, ultimately saving homeowners money.

Property Tax Bills Across Springfield, Sangamon County, Illinois

Source: Ownwell

$1,004

$3,692

$6,380

Median Springfield Tax Bill

$3,118

Median Sangamon County Tax Bill

$3,283

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Springfield, Sangamon County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62701	$908	$1,286	$1,685	$1,957	$2,489
62702	$740	$1,204	$1,898	$2,777	$3,964
62703	$488	$929	$1,749	$2,655	$3,597
62704	$1,488	$2,262	$3,467	$4,845	$6,805
62707	$1,423	$2,254	$3,183	$4,408	$6,264
62711	$3,413	$4,588	$6,380	$8,565	$10,905
62712	$3,166	$3,919	$5,094	$7,012	$9,794

Source: Ownwell