With a median commercial property tax rate of 3.3% during fiscal year 2025, Urbana held the third-highest rate in Champaign County, as reported by BlockShopper.com.
Champaign County’s median was 2.1% for the same period, putting Urbana’s rate 1.2 percentage points above the median.
Staley, also in Champaign County, registered the same 2.1% median commercial rate that year.
Among Champaign County’s 12 municipalities, commercial property tax rates ranged from 1.1% in Rantoul up to 3.8% in Bondville.
Urbana’s median commercial property tax rate was 2% in fiscal year 2024, which placed it seventh in the county that year.
Averaging 1.76% in 2024, commercial property tax rates for 53 major U.S. cities were reported by the Lincoln Institute of Land Policy. For a $1 million property—including $200,000 for fixtures—the typical annual tax bill comes to about $21,060. Commercial rate figures varied widely nationwide, from under 1% in certain cities to rates reaching 4% in others.
Classification systems in many states can lead to higher effective property tax rates on commercial, industrial, and apartment buildings compared with residential properties. Some locations charge businesses significantly more than homeowners—such as Charleston, where businesses may pay property tax rates six times that of residential properties.
| 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 | 1208 W. Bradley Ave. | 59.4% |
| 2 | 704 E. Windsor Road | 6.2% |
| 3 | 901 W. University Ave. | 5.5% |
| 4 | 1812 N. Cunningham Ave. | 4.6% |
| 4 | 801 W. Killarney St. | 4.6% |
| 6 | 1604 N. Cunningham Ave. | 4.3% |
| 7 | 507 W. Springfield Ave. | 3.5% |
| 7 | 1002 N. Cunningham Ave. | 3.5% |
| 9 | 410 W. University Ave. | 2.6% |
| 10 | 708 S. Goodwin Ave. | 2.3% |
Note: Some property addresses could be incomplete or unavailable due to county assessor record limitations.
BlockShopper.com provided the information used for this article. The full data is available here.