HonestCasa logoHonestCasa
Updated 2025 Tax Year

Vermilion County
Property Tax Guide

Everything you need to know about property taxes in Vermilion County, IL. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Varies by taxing district combination - effective rates differ significantly across county locations
Exemptions
4+ Available
Section 1

How Property Tax Works

Vermilion County, Illinois operates under a property tax system that funds essential local services including schools, county government, municipalities, townships, and special districts. The county follows Illinois state law with assessments conducted at 33.36% of market value, based on recent sales data from 2022-2024. Property owners in Vermilion County can expect effective tax rates that vary significantly depending on their location within the county due to overlapping taxing jurisdictions.

The actual tax rate you pay depends on which combination of taxing districts serve your property, including school districts, municipalities, townships, library districts, fire protection districts, and other special purpose districts. Each district sets its own levy within state-imposed limits, meaning two properties of equal value in different parts of the county may have substantially different tax bills. The county operates under Illinois' Property Tax Extension Limitation Law (PTELL), which caps annual levy increases for most taxing bodies.

Section 2

What Makes Up Your Tax Bill

Based on FY 2025 levy information, here are the typical taxing components in Vermilion County:

ComponentApproximate RateDescription
County General0.4-0.6%County operations, health, highways
School Districts4.5-7.0%Elementary and high school districts (varies by district)
Municipality0.8-1.5%City/village services (if applicable)
Township0.2-0.4%Township road and general assistance
Community College0.3-0.5%Danville Area Community College
Library District0.2-0.4%Public library services (where applicable)
Fire Protection0.3-0.8%Fire districts (rural areas)
Other Special Districts0.1-0.5%Park, sanitary, or other special purpose districts

Total Effective Rate Range: 6.8% - 11.2% of assessed value (2.3% - 3.7% of market value). Rates shown are for FY 2025 and vary by specific location within the county.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Vermilion County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Vermilion County are additional assessments that occur when property undergoes significant changes between regular assessment periods. Common triggers include new construction completion, major improvements or additions, subdivision of parcels, or correction of assessment errors. When improvements are completed, the county assessor determines the increased assessed value and applies the current tax rate to calculate the supplemental bill.

For example, if you complete a $50,000 home addition in March, and it's assessed at 33.36% of market value ($16,680 assessed value), you would receive a supplemental tax bill for the remaining months of the tax year. With a 8.5% effective tax rate, this would result in approximately $1,418 in supplemental taxes ($16,680 × 0.085) prorated for the remaining portion of the tax year.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (33.36%): $100,080
  • Less: Homeowner Exemption (requires application): -$10,000
  • Net Taxable Value: $90,080
  • Annual Tax (8.5% rate): $7,657
  • Monthly Escrow: $638

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (33.36%): $200,160
  • Less: Homeowner Exemption (requires application): -$10,000
  • Net Taxable Value: $190,160
  • Annual Tax (8.5% rate): $16,164
  • Monthly Escrow: $1,347

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (33.36%): $333,600
  • Less: Homeowner Exemption (requires application): -$10,000
  • Net Taxable Value: $323,600
  • Annual Tax (8.5% rate): $27,506
  • Monthly Escrow: $2,292

Note: All exemptions require application and are not automatically applied. Tax rates vary by specific location within the county.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Vermilion County require borrowers to maintain an escrow account for property tax payments. Lenders collect monthly payments equal to 1/12 of the annual tax bill plus a cushion (typically 2 months). The lender pays your property taxes directly to the Vermilion County Treasurer when bills are due, typically in two installments on June 1 and August 1.

Your lender will conduct an annual escrow analysis to ensure adequate funds are collected. If property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. Property owners should verify that their lender has received proper tax bills and made timely payments, as the property owner remains ultimately responsible for ensuring taxes are paid even when using escrow services.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Vermilion County for FY 2025? A: Property taxes are typically due in two installments: June 1 and August 1. If bills are mailed late, the first installment is due 30 days after the bill date.

Q: What homeowner tax credits are available and do I need to apply? A: The primary benefit is the Homeowner Exemption, which reduces your Equalized Assessed Value by up to $10,000. You must apply for this exemption - it is not automatic. Contact the Vermilion County Supervisor of Assessments for application forms and deadlines.

Q: How does the homestead exemption work? A: The homestead exemption caps assessment increases and reduces assessed value by up to $10,000 annually for owner-occupied properties. You must file an application to receive this benefit, and it requires annual renewal in some cases.

Q: When does the county reassess properties? A: Vermilion County conducts assessments based on sales data from recent years (currently using 2022-2024 data). The county assessor reviews properties on a rotating basis, with full county reassessments occurring periodically.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Vermilion County Board of Review during their designated appeal period, typically in summer months. Contact the County Clerk's office for specific deadlines and required forms.

Q: What are the penalties for late tax payments? A: Late payments incur interest charges and penalties as specified under Illinois law. Contact the Vermilion County Treasurer's office for current penalty rates and payment options.

Q: Can I pay my property taxes online? A: Check with the Vermilion County Treasurer's office for available online payment options and accepted payment methods for current tax year obligations.

Q: Why did my taxes increase when my assessment stayed the same? A: Tax increases can occur when local taxing districts (schools, county, municipalities, special districts) increase their levies within legal limits, even if your individual assessment remains unchanged.

Q: What special districts might affect my tax bill? A: Depending on your location, you may pay taxes to fire protection districts, library districts, park districts, sanitary districts, or other special purpose units of government that provide services to your area.

Q: How do I find out which taxing districts apply to my property? A: Contact the Vermilion County Supervisor of Assessments or County Clerk's office with your Property Index Number (PIN) to determine which taxing districts serve your specific location.

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Free • No credit check • 2-minute estimate