The median commercial property tax rate in Mahomet stood at 1.7% for fiscal year 2025, ranking as the fifth-lowest among cities in Champaign County, according to BlockShopper.com.
Champaign County’s median for the same period was 2.1%, placing Mahomet 0.4 percentage points below this benchmark.
Of the county’s 12 cities, rates varied between 1.1% in Rantoul and 3.8% in Bondville.
Back in fiscal year 2024, Mahomet’s median commercial property tax rate was 2.4%, putting it fourth in the county at that time.
The average commercial property tax rate across 53 major U.S. cities was 1.76% in 2024, based on research from the Lincoln Institute of Land Policy. The report found that a property valued at $1 million, bundled with $200,000 in fixtures, led to an estimated annual property tax of roughly $21,060. Across the country, commercial property tax rates varied substantially, spanning from less than 1% to as much as 4% in some jurisdictions.
Several states implement classification systems that may result in commercial, industrial or apartment properties carrying higher effective property tax rates than residential properties. In some cases, business properties can be taxed at rates several times greater than those paid by homeowners. As an example, Charleston can impose rates that are about six times higher for business properties than for residential ones.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Bondville | 3.8% |
| 2 | St. Joseph | 3.5% |
| 3 | Staley | 3.3% |
| 3 | Urbana | 3.3% |
| 5 | Fisher | 2.1% |
| 6 | Tolono | 1.9% |
| 7 | Champaign | 1.8% |
| 8 | Mahomet | 1.7% |
| 9 | Homer | 1.2% |
| 9 | Wilbur Heights | 1.2% |
| 9 | Savoy | 1.2% |
| 12 | Rantoul | 1.1% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 200 N. Eastwood Drive | 2.5% |
| 1 | 802 W. Hickory | 2.5% |
| 3 | 202 W. Oak | 2% |
| 4 | 401 E. Main St. | 1.7% |
| 5 | 1005 S. Purnell Drive | 1.3% |
| 6 | 807 W. Oak | 1.2% |
| 7 | 204 N. Lombard | <0.1% |
Note: Some property addresses may be incomplete or missing due to limitations in county assessor data.
Information for this report came from BlockShopper.com. Access their underlying data here.