Loami, Sangamon County, Illinois Property Taxes
Property Taxes in Loami, Illinois
Median Loami, Illinois effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Loami, Illinois home value: $143,994
Median annual Loami, Illinois tax bill: $2,780, higher than the national median property tax bill of $2,400.
How are property taxes in Sangamon calculated?
Property taxes in Loami, 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 Loami's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loami, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Loami, Sangamon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.98%
Estimate Property Tax Bill
$2,851
$2,646
How Does the Loami Property Tax Calculator Work?
Use this Loami property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Loami's median effective tax rate of 1.98% — based on actual property records in Sangamon County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Loami'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 Loami: rates range from 1.98% in 62661 to 1.98% in 62661, 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 Loami.
About Loami Property Taxes
About Property Taxes in Loami, Sangamon, Illinois
Loami’s median effective property tax rate of 1.98% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Sangamon County tax structure, where assessed values and local levies shape what homeowners owe.
Property tax rates are not uniform across Loami. In this case, the highest and lowest median effective rates are both 1.98% in ZIP code 62661, showing no variation within the city. That means location within Loami does not change the median tax rate or median tax bill.
The median home price in Loami is $143,994, and the median property tax bill is $2,780, which is $380 higher than the state tax bill comparison provided. For homeowners, that makes a property tax appeal worth considering if the assessed value seems too high.
Loami homeowners can file a formal appeal with the Tax Assessor before June 1, 2026. 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 Loami, Sangamon 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 Loami'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 Loami Tax Rate
1.98%
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 Sangamon County Tax Rate
2.28%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Loami, Sangamon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62661 | 1.56% | 1.84% | 1.98% | 2.14% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Loami, Sangamon County, Illinois
When examining property taxes in Loami, 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 Sangamon 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 Sangamon 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 Loami.
For example, the median home price in Loami is $143,994, with tax bills ranging significantly across the county. 62661 has the highest median home price at $143,994.
Property Tax Assessment Values Across Loami, Sangamon County, Illinois
Source: Ownwell
$62,115
$177,204
$292,293
Median Loami Market Value
$143,994
Median Sangamon County Market Value
$152,802
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Loami, Sangamon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62661 | $63,221 | $97,330 | $143,994 | $214,176 | $275,218 |
Source: Ownwell
Property Tax Bills Across Loami, Sangamon County, Illinois
Property tax bills in Loami are calculated from the assessed value of a home and the local tax rate set by taxing authorities. For a home with a median home price of $143,994, the bill reflects how local governments value the property for tax purposes, not what a homeowner originally paid for it. Factors such as the home’s assessed value, exemptions, and the combined rates from local taxing districts all affect the final amount.
In Loami, property tax bills can vary widely, with the 25th percentile at $1,773 and the 75th percentile at $4,307, while the 90th percentile reaches $5,638. The median tax bill is $2,780, which is above the national median property tax bill of $2,400 and slightly above the national median property tax rate of 1.02%. For homeowners, this means taxes can represent a significant annual cost, especially when assessed values rise faster than expected.
Median Loami Tax Bill
$2,780
Median Sangamon County Tax Bill
$3,372
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Loami, Sangamon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62661 | $1,076 | $1,773 | $2,780 | $4,307 | $5,638 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Sangamon Tax Assessor | |
| Website | tax.co.sangamon.il.us |