Champaign, Champaign County, Illinois Property Taxes
Median Champaign, 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 Champaign, IL home value: $155,250
Median annual Champaign, IL tax bill: $4,071, $1,671 higher than the national median property tax bill of $2,400.
How are property taxes in Champaign calculated?
Property taxes in Champaign, 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 Champaign’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Champaign, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Champaign, Champaign County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.43%
Estimate Property Tax Bill
$4,510
$4,185
Property Tax Rates Across Champaign, Champaign County, Illinois
Local government entities in Illinois set tax rates, which can vary widely within the state. Each year, Champaign County estimates its budgetary needs to provide essential services and divides this figure by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
Champaign, located in Champaign County, has an effective property tax rate that stands out when compared to other cities in Illinois and the national median. The city's property tax rate is notably higher than the national median of 1.02%. Within Champaign, the highest median tax rate is found in the 61822 zip code, while the lowest is in the 61821 zip code. This variation highlights the importance of understanding local tax dynamics. For property owners in Champaign, being informed about these rates can lead to significant savings through potential appeals and exemptions.
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 Champaign Tax Rate
2.43%
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 Champaign County Tax Rate
2.30%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Champaign, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61820 | 1.76% | 2.15% | 2.45% | 2.74% | 2.74% |
| 61821 | 1.88% | 2.22% | 2.39% | 2.56% | 2.74% |
| 61822 | 1.96% | 2.14% | 2.46% | 2.58% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Champaign, Champaign County, Illinois
When examining property taxes in Champaign, 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 Champaign 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 Champaign County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Champaign.
For example, the median home price in Champaign is $155,250, with tax bills ranging significantly across the county. Zip code 61822 has the highest median home price at $224,610.
Property Tax Assessment Values Across Champaign, Champaign County, Illinois
Source: Ownwell
$95,580
$193,350
$291,120
Median Champaign Market Value
$185,580
Median Champaign County Market Value
$183,720
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Champaign, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61820 | $52,194 | $80,550 | $139,770 | $204,405 | $265,596 |
| 61821 | $78,510 | $116,880 | $157,365 | $211,905 | $284,301 |
| 61822 | $140,250 | $191,850 | $266,400 | $364,650 | $485,634 |
Source: Ownwell
Property Tax Bills Across Champaign, Champaign County, Illinois
Median Champaign Tax Bill
$4,389
Median Champaign County Tax Bill
$4,115
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Champaign, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61820 | $1,067 | $1,781 | $3,299 | $4,975 | $6,486 |
| 61821 | $1,659 | $2,559 | $3,681 | $5,081 | $7,019 |
| 61822 | $3,049 | $4,420 | $6,105 | $8,931 | $12,100 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links |
|---|