Fairbury, Livingston County, Illinois Property Taxes
Property Taxes in Fairbury, Illinois
Median Fairbury, Illinois effective property tax rate: 3.07%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Fairbury, Illinois home value: $156,471
Median annual Fairbury, Illinois tax bill: $5,247, $2,847 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in Fairbury, 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 Fairbury's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairbury, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Fairbury, Livingston County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.07%
Estimate Property Tax Bill
$4,804
$4,458
How Does the Fairbury Property Tax Calculator Work?
Use this Fairbury property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fairbury's median effective tax rate of 3.07% — based on actual property records in Livingston County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fairbury'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 Fairbury: rates range across local districts, 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 Fairbury.
About Fairbury Property Taxes
About Property Taxes in Fairbury, Livingston, Illinois
Fairbury’s median effective property tax rate of 3.07% 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 Fairbury. Homeowners in the highest ZIP code carry a median effective rate of 3.07%, while those in the lowest pay 3.07%. This spread reflects how school district boundaries and local assessment districts are drawn across Livingston County. Understanding which part of Fairbury you live in can make a meaningful difference to your annual tax bill.
Fairbury homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Fairbury, 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 Fairbury'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 ÷ 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 Fairbury Tax Rate
3.07%
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 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 Fairbury, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61739 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fairbury, Livingston County, Illinois
When examining property taxes in Fairbury, 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 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:
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. 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 Fairbury.
For example, the median home price in Fairbury is $156,471, with tax bills ranging significantly across the county. The median tax bill is $5,247, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Fairbury, Livingston County, Illinois
Source: Ownwell
$116,762
$168,127
$219,492
Median Fairbury Market Value
$156,471
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 Fairbury, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61739 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fairbury, Livingston County, Illinois
How are property tax bills calculated in Fairbury?
Property tax bills in Fairbury are based on the assessed value of a home, not its market price alone. Local taxing authorities set tax rates, and those rates are applied to the assessed value to determine the final bill. The amount a homeowner pays can also reflect exemptions, local levies, and changes in the home’s assessed value over time. Because property taxes are tied to local budgets, bills can vary even among homes with similar market values.
What factors affect a homeowner’s bill? A home’s assessed value, the local tax rate, and any qualifying exemptions all play a role. In Fairbury, the typical property tax bill is $3,342 at the 25th percentile and $7,966 at the 75th percentile, which is well above the national median property tax bill of $2,400. That means homeowners in Fairbury may face a heavier tax burden than many U.S. homeowners, making it important to understand how the bill is calculated and whether the assessment is accurate.
Median Fairbury Tax Bill
$5,247
Median Livingston County Tax Bill
$5,077
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairbury, Livingston County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61739 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Livingston Tax Assessor | |
| Website | livingstonil.devnetwedge.com |