Tolono, Champaign County, Illinois Property Taxes
Property Taxes in Tolono, Illinois
Median Tolono, Illinois effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Tolono, Illinois home value: $188,550
Median annual Tolono, Illinois tax bill: $3,173, $773 higher than the national median property tax bill of $2,400.
How are property taxes in Champaign calculated?
Property taxes in Tolono, 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 Tolono's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tolono, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Tolono, Champaign County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.74%
Estimate Property Tax Bill
$3,281
$3,044
How Does the Tolono Property Tax Calculator Work?
Use this Tolono property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Tolono's median effective tax rate of 1.74% — based on actual property records in Champaign County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Tolono'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 Tolono: rates range from 3173.00 in 61880 to 3173.00 in 61880, 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 Tolono.
About Tolono Property Taxes
About Property Taxes in Tolono, Champaign, Illinois
Tolono's median effective property tax rate of 1.74% 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 Tolono. Homeowners in the 61880 ZIP code carry a median effective rate of 1.74%, while those in 61880 pay 1.74%. 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 Tolono you live in can make a meaningful difference to your annual tax bill.
Tolono homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Tolono, 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 Tolono'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 Tolono Tax Rate
1.74%
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 Tolono, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61880 | 1.39% | 1.62% | 1.74% | 1.83% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Tolono, Champaign County, Illinois
When examining property taxes in Tolono, 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:
In Champaign 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 Tolono.
For example, the median home price in Tolono is $188,550, with tax bills ranging significantly across the county. 61880 has the highest median home price at $188,550.
Property Tax Assessment Values Across Tolono, Champaign County, Illinois
Source: Ownwell
$95,580
$193,350
$291,120
Median Tolono Market Value
$188,550
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 Tolono, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61880 | $103,938 | $137,235 | $188,550 | $264,810 | $326,388 |
Source: Ownwell
Property Tax Bills Across Tolono, Champaign County, Illinois
How are property tax bills calculated in Tolono, Illinois?
Property tax bills in Tolono are based on the assessed value of a home, not its market price, and the local tax rate applied to that assessment. For a home with a median price of $188,550, the bill can vary depending on how the property is assessed and the taxing jurisdictions that apply. The county’s median tax bill is $3,173, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
What factors affect the final bill?
Local school districts, municipal services, and other taxing bodies all play a role in determining the amount homeowners owe. Bills can differ widely even among similar homes, with the 25th percentile at $2,234, the 75th percentile at $4,697, and the 90th percentile reaching $5,812. That means homeowners with higher assessed values or properties in areas with heavier local tax levies may see significantly larger bills.
Median Tolono Tax Bill
$3,173
Median Champaign County Tax Bill
$4,115
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Tolono, Champaign County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61880 | $1,417 | $2,234 | $3,173 | $4,697 | $5,812 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Champaign Tax Assessor | |
| Website | champaignil.devnetwedge.com |