How to Appeal Property Taxes in Champaign County, Illinois

By
Real Estate Agent with Beringer Realty

How to Appeal Property Taxes in Champaign County, Illinois

It's that time of the year again! Each year from early July through early September, property owners in Champaign County Illinois are given the opportunity to appeal their property tax assessment in an attempt to lower their taxes.

Money TreeFirst, find out what amount the county is using as your home's market value (your property tax is based on this number). If you don't have the paperwork, you can find the information at this Champaign County government website. Just enter your property address. And if you suspect the stated market value is higher than what it should be, then keep reading...

If you've bought your property within the last two years, the sale price can often be used to prove the home's market value. Make an appointment with the Board of Review and bring the sales contract or MLS sheet showing the sales information, along with a copy of the appraisal done at the time of the sale, if you have it. If the sale took place under normal circumstances, they'll usually adjust the home's market value to equal the amount that you paid for the property. Sometimes it's that simple!

If it's been a little more than two years since the sale, you can try taking the paperwork to the Board of Review anyway. In some cases they will still use the sales information, saving you from additional work.

However, if you've owned your property for more than a few years, some research may be necessary. At this point, I would call over to the assessment office and speak with someone about your home. Most likely they'll want to see "Comparable sales" information, info on properties similar to yours that have sold recently, in order to prove that the value of your home is not as great as the assessed value. A real estate agent can help you obtain this data, or you can just go to the Board of Review where they can pull the information for you. In some cases, a formal appraisal may be necessary, but that typically costs $300-$500 so be sure you've exhausted all other possibilities first!

The Board of Review contact info:

Brookens Administrative Center, 1776 E. Washington St., Urbana IL 61802

The phone number is: (217) 384-3758

You may be asking yourself, is all this really worth it? In my opinion, yes! First of all, it's often not as much work as it may seem. But more importantly, appealing your property tax assessment can both you save money on your taxes and help with the future sale of your home. (Lower property taxes are more attractive to potential buyers!) If you're still unsure about what you need to do, just head over to the Board of Review office. They'll be happy to guide you through the entire process!

Good luck!

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Shannon Lewis is a Realtor® and broker at Beringer Realty located in Urbana, Illinois. She and her partner, Debbie Hensleigh, help home buyers and sellers in Urbana, Champaign, Savoy, and many other surrounding communities.

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Topic:
Real Estate Market Trends
Location:
Illinois Champaign County
Tags:
how to appeal property taxes in champaign county illinois

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Andrew R. Timms

Is it worth it? One man I spoke with a few years ago in Logan County stated that there is an 80% chance your taxes will be reduced. This man appeals taxes annually, so he spoke from personal experience.

Even if they are reduced one year, that savings gets compounded year-after-year.

Thank you Shannon, for publishing this timely information.

July 27, 2010 04:41 PM
Rainmaker
230,389
Shannon Lewis
Realtor, Broker - Champaign-Urbana, IL
Beringer Realty

Andrew, I can always count on you for a very relevant comment! Thank you!

80% is pretty daggone good:-) Plus, the people in the assessors office are really nice and most helpful (at least here in Champaign). I'd say it's definitely worth it!

July 27, 2010 05:21 PM
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