Allerton, Champaign County, Illinois Property Taxes

Name: Property Tax Bills Across Allerton, Champaign County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Allerton, IL effective property tax rate: 2.15%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Allerton, IL home value: $229,020
Median annual Allerton, IL tax bill: $4,899, $2,499 higher than the national median property tax bill of $2,400.

How are property taxes in Champaign calculated?

Property taxes in Allerton, 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 Allerton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Allerton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Allerton, Champaign County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.15%

Estimate Property Tax Bill

$4,868

$4,517

Ownwell’s Allerton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Allerton with just two data points. By entering your property's estimated assessed value, our calculator applies Allerton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Champaign County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Allerton, Champaign County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Allerton, located in Champaign County, Illinois, the effective property tax rate reflects this process. When comparing Allerton’s property tax rate to other cities in Illinois, it's evident that rates can differ significantly. Illinois has a median property tax rate of 2.15%, which is quite a bit higher than the national median of 1.02%.

This means that property owners in Allerton may experience higher property tax bills compared to the national average. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By staying informed, property owners can make better decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Allerton, Champaign County, Illinois

Source: Ownwell

1.59%

2.24%

2.89%

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 Allerton Tax Rate

2.15%

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 Allerton, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61810	1.84%	1.98%	2.15%	2.24%	2.64%

Source: Ownwell

Property Tax Assessment Values Across Allerton, Champaign County, Illinois

When examining property taxes in Allerton, 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. Assessment notices: In Champaign County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Allerton. For example, the median home price in Allerton is $229,020, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Allerton, Champaign County, Illinois

Source: Ownwell

$95,580

$193,350

$291,120

Median Allerton Market Value

$226,425

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 Allerton, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61810	$47,448	$134,888	$226,425	$275,722	$453,747

Source: Ownwell

Property Tax Bills Across Allerton, Champaign County, Illinois

In Allerton, located in Champaign County, IL, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, and local tax rates are applied to determine the annual tax bill. Homeowners in Allerton face a median property tax bill that can significantly impact their finances, with figures ranging from $1,964 at the 25th percentile to $9,671 at the 90th percentile. This variance shows how tax bills can fluctuate depending on property value and location within the county. Compared to the national median property tax bill of $2,400, some Allerton homeowners pay significantly higher taxes, especially those at the upper end of the spectrum. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing your home's assessed value and comparing it with similar properties, Ownwell can identify potential savings opportunities, ensuring you don't overpay on your property taxes and helping you keep more of your hard-earned money.

Property Tax Bills Across Allerton, Champaign County, Illinois

Source: Ownwell

$1,660

$3,908

$6,155

Median Allerton Tax Bill

$4,791

Median Champaign County Tax Bill

$4,115

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Allerton, Champaign County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61810	$1,017	$2,549	$4,791	$6,199	$9,687

Source: Ownwell