Anchor, Mclean County, Illinois Property Taxes
Property Taxes in Anchor, Illinois
Median Anchorage, Illinois effective property tax rate: 2.00%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Anchorage, Illinois home value: $96,285
Median annual Anchorage, Illinois tax bill: $2,040, lower than the national median property tax bill of $2,400.
How are property taxes in McLean calculated?
Property taxes in Anchorage, 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 Anchorage's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Anchorage, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Anchor, Mclean County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2%
Estimate Property Tax Bill
$1,926
$1,787
How Does the Anchor Property Tax Calculator Work?
Use this Anchor property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Anchor's median effective tax rate of 2.00% — based on actual property records in McLean 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 Anchor'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 Anchor: rates range from 2.00% in 61720 to 2.00% in 61720, 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 Anchor.
About Anchor Property Taxes
About Property Taxes in Anchor, McLean, Illinois
Anchor’s median effective property tax rate of 2.00% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the McLean 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 Anchor. Homeowners in the 61720 ZIP code carry a median effective rate of 2.00%, while those in the lowest ZIP also pay 2.00%. This reflects how school district boundaries and local assessment districts are drawn across McLean County. Understanding which part of Anchor you live in can make a meaningful difference to your annual tax bill.
Anchor 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 Anchor, Mclean 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 Anchor'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 Ă· 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 Anchor Tax Rate
2.00%
Our median effective property tax rate (tax bill Ă· 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 Mclean County Tax Rate
2.12%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Anchor, Mclean County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61720 | 1.19% | 1.65% | 2.00% | 2.37% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Anchor, Mclean County, Illinois
When examining property taxes in Anchor, 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 McLean 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 McLean 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. For example, the median home price in Anchor is $96,285, with tax bills ranging significantly across the county. ZIP code 61720 has the highest median home price at $96,285.
Property Tax Assessment Values Across Anchor, Mclean County, Illinois
Source: Ownwell
$63,309
$192,402
$321,495
Median Anchor Market Value
$96,285
Median Mclean County Market Value
$202,755
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Anchor, Mclean County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61720 | $50,657 | $67,461 | $96,285 | $132,117 | $178,513 |
Source: Ownwell
Property Tax Bills Across Anchor, Mclean County, Illinois
Property tax bills in ANCHOR are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill can change when a home’s value changes or when local taxing rates are adjusted. In McLean County, the median home price is $96,285, and the median property tax bill is $2,040, which is below the national median property tax bill of $2,400 but still a meaningful annual cost for homeowners.
Several factors affect the final bill, including the property’s assessed value, exemptions, and the taxing jurisdictions that apply to the home. Homeowners with higher-valued properties generally pay more, while those who qualify for exemptions may see lower bills. The 25th percentile tax bill is $1,216, while the 75th percentile is $3,040, showing how widely bills can vary across the area. For many homeowners, property taxes are one of the largest ongoing housing expenses and can have a significant impact on monthly and yearly budgets.
Median Anchor Tax Bill
$2,040
Median Mclean County Tax Bill
$4,175
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Anchor, Mclean County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61720 | $716 | $1,216 | $2,040 | $3,040 | $3,815 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| McLean Tax Assessor | |
| Website | www.mcleancountyil.gov |