Bondville’s effective property tax rate rose to 1.7% in 2025, up from 1.6% in 2016—a 0.1 percentage point increase over 10 years, based on data from BlockShopper.com.
In Champaign County overall, the average effective property tax rate dropped by 0.2 percentage points over the same period, moving from 2.2% in 2016 to 2% in 2025. In 2025, Bondville’s rate was below the county average.
Of the 27 cities analyzed across Champaign County, Bondville experienced the smallest growth in effective property tax rates during that time frame.
Bondville was ranked 15th in the county for its 2025 effective property tax rate of 1.7%, when compared with other cities in Champaign County.
That figure is 1.9 times higher than the U.S. average effective property tax rate of 0.888% in 2024.
The national median home price climbed to about $447,000 in June 2025, according to Redfin, marking a 1.13% increase from the prior year. Redfin’s data also shows a substantial gap between supply and demand, with 36% more homes for sale than buyers—a difference of 508,715 homes. For context, Redfin’s balanced market benchmark is a supply-demand gap no greater than 10%.
Homeowners may still see higher tax bills even if property tax rates decrease, as tax liability is determined by both assessed value and rate. A rise in home values can expand the tax base and result in larger tax payments, despite local rate reductions. The Lincoln Institute of Land Policy reports that from 2023 to 2024, the average effective property tax rate on a median-valued home in each state’s largest city fell by over 5%. Full details are available in their analysis.
Simultaneously, increasing property values have grown tax bases in numerous regions. Since tax assessments are market-value driven, climbing home prices can result in greater property tax bills, even when rates don’t change. Research on U.S. housing markets has further shown a 1% rise in median home value corresponds with an approximate 0.71% drop in the effective tax rate, underscoring how robust price growth can enable lower rates while still increasing government collections.
| Year | Effective Property Tax Rate |
|---|---|
| 2025 | 1.7% |
| 2024 | 1.9% |
| 2023 | 2.1% |
| 2022 | 1.7% |
| 2021 | 1.9% |
| 2020 | N/A |
| 2019 | N/A |
| 2018 | 2.4% |
| 2017 | 1.5% |
| 2016 | 1.6% |
Data in this article was sourced from BlockShopper.com. The underlying source data can be found here.