Sherman, Sangamon County, Illinois Property Taxes
Property Taxes in Sherman, Illinois
Median Sherman, Illinois effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Sherman, Illinois home value: $259,521
Median annual Sherman, Illinois tax bill: $5,287, $2,887 higher than the national median property tax bill of $2,400.
How are property taxes in Sangamon calculated?
Property taxes in Sherman, 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 Sherman's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sherman, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Sherman, Sangamon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.07%
Estimate Property Tax Bill
$5,372
$4,985
How Does the Sherman Property Tax Calculator Work?
Use this Sherman property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Sherman's median effective tax rate of 2.07% — based on actual property records in Sangamon 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 Sherman'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 Sherman: rates range from 2.07% in 62684 to 2.07% in 62684, 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 Sherman.
About Sherman Property Taxes
About Property Taxes in Sherman, Sangamon, Illinois
Sherman’s median effective property tax rate of 2.07% 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 base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Sherman. Homeowners in the 62684 ZIP code carry a median effective rate of 2.07%, while the same ZIP code also reflects the city’s lowest median rate of 2.07%. That means there is no spread across the city in the available data, but school district boundaries and local assessment districts can still affect how taxes are calculated in Sangamon County.
Sherman homeowners who believe their assessed value is too high can file a formal appeal with the 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 Sherman, 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 Sherman'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 Sherman Tax Rate
2.07%
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 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 Sherman, Sangamon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62684 | 1.85% | 1.96% | 2.07% | 2.18% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Sherman, Sangamon County, Illinois
When examining property taxes in Sherman, 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 Sherman.
For example, the median home price in Sherman is $259,521, with tax bills ranging significantly across the county. 62684 has the highest median home price at $259,521.
Property Tax Assessment Values Across Sherman, Sangamon County, Illinois
Source: Ownwell
$62,115
$177,204
$292,293
Median Sherman Market Value
$259,521
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 Sherman, Sangamon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62684 | $161,949 | $205,092 | $259,521 | $344,910 | $429,247 |
Source: Ownwell
Property Tax Bills Across Sherman, Sangamon County, Illinois
Sherman property tax bills are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the annual bill, so changes in assessment can have a direct effect on what homeowners owe.
For a home with a median price of $259,521, property taxes can vary widely depending on location and assessment details. The typical tax bill in Sherman is $5,287, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Several factors influence the final bill, including the home’s assessed value, local tax rates, and any exemptions a homeowner may qualify for. Bills in the area also show a broad range, with the 25th percentile at $4,016 and the 75th percentile at $7,230, while the 90th percentile reaches $9,232. For homeowners, that means property taxes can be a major part of housing costs and may change from year to year as assessments and local budgets shift.
Median Sherman Tax Bill
$5,287
Median Sangamon County Tax Bill
$3,372
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Sherman, Sangamon County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62684 | $2,862 | $4,016 | $5,287 | $7,230 | $9,232 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Sangamon Tax Assessor | |
| Website | tax.co.sangamon.il.us |