Q: When are property taxes due for tax year 2025?
A: The first installment is due June 5, 2025, with the second installment typically due in September. Tax year 2025 assessments will be payable in 2026, with a final due date of February 28, 2026.
Q: What is the General Homestead Exemption and how do I apply?
A: The General Homestead Exemption reduces your property's equalized assessed value by up to $10,000 for owner-occupied residences. This is NOT automatic and requires application. Contact the County Assessment Office at (217) 384-3760 or Assessor@co.champaign.il.us for application forms.
Q: Are there additional tax credits available?
A: Yes, the Homestead Exemption for Persons with Disabilities provides an additional $2,000 annual reduction in EAV for qualifying disabled homeowners. Senior citizens may qualify for additional credits. All require separate applications and annual renewal.
Q: How does the homestead exemption work with assessment increases?
A: The homestead exemption primarily reduces your assessed value by the exemption amount. It does not cap assessment increases like in some other states - your property can still be reassessed at full market value annually.
Q: When are properties reassessed in Champaign County?
A: Properties are subject to annual assessment review. The 2025 assessment year reflects properties at 33.26% of market value with a tentative multiplier applied to reach state equalization requirements.
Q: How can I appeal my property assessment?
A: Property owners can appeal assessments through the Champaign County Board of Review. Appeals must be filed within specific deadlines following the publication of assessment notices, typically in summer.
Q: What are the penalties for late property tax payments?
A: Late payments are subject to interest and penalties as specified by Illinois law. Contact the Champaign County Treasurer's office for current penalty rates and payment options.
Q: Can I pay property taxes online?
A: Yes, Champaign County typically offers online payment options through the Treasurer's website. Check the county's official website for current payment portal information and accepted payment methods.
Q: Why did my taxes increase so much for 2025?
A: Champaign County is projecting a 15.73% increase in property tax levies for 2025, plus individual properties may see assessment increases. The combination of higher levies and reassessments contributes to tax bill increases.
Q: How do special districts affect my tax rate?
A: Your total tax rate depends on all taxing districts serving your property location, including school district, municipality (if in city limits), township, library district, and any special districts like fire protection or drainage districts. Rates vary significantly across different areas of the county.
