Cornell, Livingston County, Illinois Property Taxes
Property Taxes in Cornell, Illinois
Median Cornell, Illinois effective property tax rate: 3.34%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Cornell, Illinois home value: $116,762
Median annual Cornell, Illinois tax bill: $4,853, $2,453 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in Cornell, Illinois 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 Cornell's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cornell, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cornell, Livingston County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.34%
Estimate Property Tax Bill
$3,900
$3,619
How Does the Cornell Property Tax Calculator Work?
Use this Cornell property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cornell's median effective tax rate of 3.34% — based on actual property records in Livingston County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cornell's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cornell: rates range from 3.34% in 61319 to 3.34% in 61319, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cornell.
About Cornell Property Taxes
About Property Taxes in Cornell, Livingston, Illinois
Cornell’s median effective property tax rate of 3.34% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Livingston County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Cornell. Homeowners in the 61319 ZIP code carry a median effective rate of 3.34%, while those in the same ZIP code also pay 3.34%. This means there is no spread across the city, but the rate remains well above the national median and above the state median. Understanding how your assessed value is set can still make a meaningful difference to your annual tax bill.
Cornell homeowners who believe their assessed value is too high can file a formal appeal with the Livingston County Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cornell, Livingston County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Cornell's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Cornell Tax Rate
3.34%
Our median effective property tax rate (tax bill Ă· 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 Livingston County Tax Rate
3.08%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cornell, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61319 | 2.53% | 2.71% | 3.34% | 3.83% | 4.39% |
Source: Ownwell
Property Tax Assessment Values Across Cornell, Livingston County, Illinois
When examining property taxes in Cornell, Illinois, 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 Livingston 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.
Assessment notices:
In Livingston County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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. For Cornell homeowners, the median home price is $116,762, and the median tax bill is $4,853, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.
Property Tax Assessment Values Across Cornell, Livingston County, Illinois
Source: Ownwell
$116,762
$168,127
$219,492
Median Cornell Market Value
$116,762
Median Livingston County Market Value
$143,247
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cornell, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61319 | $3,365 | $60,154 | $116,762 | $183,023 | $245,069 |
Source: Ownwell
Property Tax Bills Across Cornell, Livingston County, Illinois
Property tax bills in Cornell are based on the assessed value of a home and the local tax rate set by taxing authorities in Livingston County. When a property’s market value changes, the assessed value can change too, which may raise or lower the tax bill. Homeowners pay taxes on the value assigned to their property, not on what they originally paid for it.
For Cornell homeowners, the median home price is $116,762, and the median property tax bill is $4,853. That bill is higher than the national median property tax bill of $2,400 and well above the national median property tax rate of 1.02%. Bills can vary widely: the 25th percentile is $2,563, the 75th percentile is $6,903, and the 90th percentile is $9,571. These differences show how location, assessed value, and local tax rates can affect what homeowners owe each year.
Median Cornell Tax Bill
$4,853
Median Livingston County Tax Bill
$5,077
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Cornell, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61319 | $1,527 | $2,563 | $4,853 | $6,903 | $9,571 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Livingston Tax Assessor | |
| Website | livingstonil.devnetwedge.com |