Philo, Champaign County, Illinois Property Taxes
Property Taxes in Philo, Illinois
Median Philo, Illinois effective property tax rate: 1.70%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Philo, Illinois home value: $208,575
Median annual Philo, Illinois tax bill: $3,421, higher than the national median property tax bill of $2,400.
How are property taxes in Champaign calculated?
Property taxes in Philo, 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 Philo's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Philo, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Philo, Champaign County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.7%
Estimate Property Tax Bill
$3,546
$3,290
How Does the Philo Property Tax Calculator Work?
Use this Philo property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Philo's median effective tax rate of 1.70% — based on actual property records in Champaign 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 Philo'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 Philo: rates range from 1.70% in 61864 to 1.70% in 61864, 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 Philo.
About Philo Property Taxes
About Property Taxes in Philo, Champaign, Illinois
Philo’s median effective property tax rate of 1.70% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Champaign County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Philo. Homeowners in the 61864 ZIP code carry a median effective rate of 1.70%, while those in 61864 pay 1.70%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Champaign County. Understanding which part of Philo you live in can make a meaningful difference to your annual tax bill.
Philo homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before June 1, 2026.
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 Philo, Champaign 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 Philo'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 Philo Tax Rate
1.70%
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 Philo, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61864 | 1.41% | 1.60% | 1.70% | 1.78% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Philo, Champaign County, Illinois
When examining property taxes in Philo, 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 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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 example, the median home price in Philo is $208,575, with a median tax bill of $3,421. In zip code 61864, both the highest median home price and highest median tax bill are $208,575 and $3,421.
Property Tax Assessment Values Across Philo, Champaign County, Illinois
Source: Ownwell
$95,580
$193,350
$291,120
Median Philo Market Value
$208,575
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 Philo, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61864 | $113,748 | $158,932 | $208,575 | $272,048 | $359,634 |
Source: Ownwell
Property Tax Bills Across Philo, Champaign County, Illinois
Property tax bills in Philo are based on the assessed value of a home, which is then multiplied by the local tax rate. Because the median home price is $208,575, the tax burden can vary widely depending on a property’s value and the levies set by local taxing authorities in Champaign County.
For many homeowners, the bill is shaped by how the market value of the home compares with the assessed value used for taxation. A higher assessment usually means a higher bill, while a lower assessment can reduce what is owed. In Philo, the 25th percentile tax bill is $2,459, the 75th percentile is $4,647, and the 90th percentile reaches $6,151.
The median tax bill in the area is $3,421, which is above the national median property tax bill of $2,400. That means homeowners in Philo often face a heavier property tax burden than many U.S. households, making it important to understand how assessments affect annual costs.
Median Philo Tax Bill
$3,421
Median Champaign County Tax Bill
$4,115
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Philo, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61864 | $1,604 | $2,459 | $3,421 | $4,647 | $6,151 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Champaign Tax Assessor | |
| Website | champaignil.devnetwedge.com |