Vermilion County Property Taxes
The median property tax rate in Vermilion County is 2.53%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Vermilion County, the typical annual property tax bill reaches $1,325, which is below the national median of $2,690. Property taxes in Vermilion County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Vermilion County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Danville or another part of Vermilion County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vermilion County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Vermilion County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Vermilion County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Vermilion County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Vermilion County, Illinois
Property taxes in Vermilion County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Vermilion County is 2.53%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Vermilion County set these rates annually, and they can vary significantly between different areas within the county. Each year, Vermilion County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Clarence has one of the higher property tax rates in Illinois at 3.10%, while the city of Tilton boasts one of the lowest at 2.05%. Analyzing how Vermilion County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Vermilion County Tax Rate
2.53%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vermilion County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | 1.12% | 1.69% | 2.39% | 2.80% | 2.85% |
| Alvin | 1.50% | 2.08% | 2.49% | 2.89% | 3.06% |
| Armstrong | 1.53% | 2.05% | 2.53% | 2.75% | 2.75% |
| Bismarck | 1.57% | 2.06% | 2.40% | 2.73% | 3.07% |
| Catlin | 1.55% | 2.30% | 2.60% | 2.87% | 3.15% |
| Clarence | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
| Collison | 1.02% | 1.72% | 2.32% | 2.56% | 2.63% |
| Danville | 1.30% | 2.02% | 2.69% | 3.35% | 3.55% |
| East Lynn | 1.19% | 1.68% | 2.86% | 2.86% | 2.86% |
| Fairmount | 1.30% | 2.15% | 2.56% | 2.89% | 3.26% |
| Fithian | 1.65% | 2.16% | 2.46% | 2.73% | 3.02% |
| Georgetown | 1.08% | 1.82% | 2.38% | 3.08% | 3.08% |
| Henning | 1.03% | 1.70% | 2.27% | 2.90% | 2.90% |
| Homer | 1.94% | 2.24% | 2.57% | 2.71% | 2.76% |
| Hoopeston | 0.50% | 1.72% | 2.48% | 3.56% | 3.56% |
| Indianola | 1.26% | 2.01% | 2.63% | 3.13% | 3.22% |
| Muncie | 0.86% | 1.90% | 2.38% | 2.82% | 2.82% |
| Oakwood | 1.17% | 1.93% | 2.35% | 2.74% | 2.78% |
| Ogden | 1.93% | 2.17% | 2.35% | 2.65% | 2.76% |
| Penfield | 1.67% | 2.31% | 2.75% | 2.75% | 2.75% |
| Potomac | 1.34% | 1.99% | 2.48% | 2.82% | 3.17% |
| Rankin | 1.32% | 1.99% | 2.74% | 2.95% | 3.10% |
| Ridge Farm | 1.23% | 2.00% | 2.77% | 3.07% | 3.68% |
| Rossville | 1.25% | 1.98% | 2.51% | 2.93% | 3.05% |
| Sidell | 1.10% | 2.05% | 2.59% | 3.14% | 3.16% |
| Tilton | 0.67% | 1.38% | 2.05% | 2.92% | 2.92% |
| Westville | 0.97% | 1.57% | 2.11% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Vermilion County, Illinois
In Vermilion County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Vermilion County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Vermilion County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Vermilion County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Homeowners in Catlin face the highest median tax bill at $2,894, while those in Clarence enjoy the lowest at $190.
Property Tax Assessment Values Across Vermilion County, Illinois
Source: Ownwell
$6,129
$61,223
$116,316
Average Vermilion County Assessed Value
$59,223
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vermilion County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | $20,575 | $41,575 | $67,294 | $123,723 | $240,037 |
| Alvin | $16,616 | $40,611 | $82,956 | $134,700 | $202,557 |
| Armstrong | $24,460 | $43,578 | $80,406 | $114,540 | $176,622 |
| Bismarck | $39,237 | $63,906 | $96,531 | $143,012 | $183,077 |
| Catlin | $54,997 | $84,696 | $115,995 | $154,881 | $206,784 |
| Clarence | $6,129 | $6,129 | $6,129 | $6,129 | $6,129 |
| Collison | $15,404 | $33,333 | $61,938 | $107,860 | $150,277 |
| Danville | $14,538 | $26,343 | $48,216 | $90,268 | $145,421 |
| East Lynn | $3,885 | $7,160 | $28,646 | $50,240 | $64,018 |
| Fairmount | $23,989 | $53,944 | $94,503 | $151,587 | $215,679 |
| Fithian | $35,752 | $69,216 | $111,291 | $156,807 | $242,072 |
| Georgetown | $20,558 | $40,476 | $64,425 | $95,400 | $141,136 |
| Henning | $8,876 | $24,010 | $45,033 | $73,199 | $86,774 |
| Homer | $13,899 | $52,517 | $107,552 | $166,760 | $275,798 |
| Hoopeston | $17,532 | $31,788 | $51,399 | $76,257 | $118,254 |
| Indianola | $12,908 | $26,910 | $61,911 | $105,146 | $166,622 |
| Muncie | $20,033 | $36,708 | $66,981 | $99,156 | $124,886 |
| Oakwood | $26,445 | $59,521 | $100,604 | $146,753 | $191,016 |
| Ogden | $60,492 | $83,347 | $97,713 | $201,928 | $256,770 |
| Penfield | $29,658 | $51,630 | $116,316 | $159,198 | $207,714 |
| Potomac | $23,501 | $45,366 | $75,548 | $108,838 | $158,715 |
| Rankin | $15,202 | $29,247 | $60,741 | $97,830 | $146,635 |
| Ridge Farm | $15,284 | $31,873 | $54,904 | $86,728 | $135,514 |
| Rossville | $23,578 | $45,566 | $77,194 | $116,459 | $177,398 |
| Sidell | $18,433 | $38,278 | $63,888 | $106,448 | $188,045 |
| Tilton | $18,978 | $35,222 | $50,598 | $66,400 | $83,487 |
| Westville | $23,792 | $42,914 | $64,161 | $95,114 | $136,800 |
Source: Ownwell
Property Tax Bills Across Vermilion County, Illinois
In Vermilion County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Various factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, homes in Catlin have the highest median tax bill at $2,894, while those in Clarence have the lowest at $190. Homeowners in Vermilion County see a wide range of tax bills. The 25th percentile tax bill is $661, while the 75th percentile reaches $2,467, and the 90th percentile hits $4,045. These figures show the significant variation in property taxes within the county, influenced by the diversity in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Vermilion County offers a range of tax burdens that can significantly impact homeowners, making it essential to understand how local assessments and exemptions apply to one's property.
Average Vermilion County Tax Bill
$1,325
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Vermilion County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | $330 | $663 | $1,471 | $2,961 | $6,252 |
| Alvin | $296 | $878 | $1,916 | $3,257 | $5,518 |
| Armstrong | $376 | $902 | $1,967 | $2,799 | $4,216 |
| Bismarck | $644 | $1,314 | $2,202 | $3,406 | $4,569 |
| Catlin | $1,053 | $1,815 | $2,894 | $4,069 | $5,775 |
| Clarence | $190 | $190 | $190 | $190 | $190 |
| Collison | $273 | $500 | $1,246 | $2,348 | $3,449 |
| Danville | $297 | $601 | $1,157 | $2,237 | $3,834 |
| East Lynn | $111 | $176 | $561 | $1,042 | $1,431 |
| Fairmount | $443 | $1,158 | $2,095 | $3,984 | $5,792 |
| Fithian | $725 | $1,473 | $2,548 | $3,891 | $6,212 |
| Georgetown | $344 | $726 | $1,375 | $2,234 | $3,334 |
| Henning | $156 | $395 | $825 | $1,431 | $1,936 |
| Homer | $305 | $865 | $2,528 | $3,937 | $5,652 |
| Hoopeston | $172 | $528 | $1,104 | $1,915 | $3,183 |
| Indianola | $224 | $563 | $1,459 | $2,644 | $4,350 |
| Muncie | $195 | $650 | $1,441 | $2,282 | $3,002 |
| Oakwood | $459 | $1,120 | $2,132 | $3,340 | $4,615 |
| Ogden | $870 | $1,803 | $2,204 | $4,883 | $6,561 |
| Penfield | $349 | $954 | $2,765 | $4,349 | $5,049 |
| Potomac | $437 | $908 | $1,680 | $2,737 | $4,063 |
| Rankin | $311 | $568 | $1,332 | $2,509 | $4,219 |
| Ridge Farm | $328 | $630 | $1,272 | $2,238 | $3,300 |
| Rossville | $416 | $839 | $1,650 | $2,944 | $4,741 |
| Sidell | $279 | $685 | $1,412 | $2,767 | $5,130 |
| Tilton | $212 | $481 | $897 | $1,394 | $1,874 |
| Westville | $310 | $684 | $1,283 | $1,994 | $3,106 |
Source: Ownwell