In fiscal year 2025, Rantoul recorded a median commercial property tax rate of 1.1%, which was the lowest among all cities in Champaign County, according to BlockShopper.com.
The median for Champaign County overall was 2.1% in the same period, making Rantoul’s rate 1 percentage point lower.
Commercial property tax rates for the 12 Champaign County cities ranged from 1.1% in Rantoul to 3.8% in Bondville.
Rantoul had the highest county rate at 3.3% in fiscal year 2024, placing it at the top in the previous year.
Commercial property tax rates averaged 1.76% for 53 major U.S. cities in 2024, according to analysis by the Lincoln Institute of Land Policy. That study determined that a property valued at $1 million, with $200,000 allocated to fixtures, incurred an estimated $21,060 in property taxes annually. Rates exhibited significant variation, with the lowest falling below 1% and the highest reaching 4% in some cities.
Classification structures in many states often lead to greater effective tax rates for commercial, industrial, and apartment classes than for homes. In some places, tax rates for businesses are multiple times higher than those applied to residential properties; for instance, in Charleston, the business property tax rate is around six times higher.
| 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 | 125 E. Sangamon Ave. | 9.6% |
| 2 | 123 S. Century Blvd. | 3.4% |
| 3 | 130 N. Garrard St. | 3.2% |
| 4 | 319 S. Century Blvd. | 2.2% |
| 5 | 1942 3000N | 1.1% |
| 6 | 219 E. Sangamon Ave. | 0.7% |
| 7 | 101 S. Century Blvd. | 0.5% |
| 8 | 517 S. Maplewood Drive | 0.4% |
| 9 | 816 Crane Drive | <0.1% |
Note: Some property addresses may be unavailable or incomplete because of restrictions in county assessor records.
BlockShopper.com supplied the information for this report. To review source data, click here.