Property Taxes for Normal, Illinois
- As of 2011, the rate of property tax in Normal, Illinois, is $7.4618 for every $100 of your home's Equalized Assessed Valuation, EAV. The EAV is set by the state of Illinois at one-third of your home's market value. For example, if the market value of your home is $180,000, then the EAV would be one third of 180,000, or $60,000. Your annual property taxes would then be calculated as $60,000 multiplied by .074618, totalling $4,477. Some types of commercial property, such as farmland and pollution control facilities, are taxed at a higher EAV.
- Property taxes paid in Normal, Illinois, are spread among the town's services. As of 2011, 10 percent of your property tax goes to the town itself; 4.5 percent supports the Normal library; 12.1 percent goes to McLean County; 2 percent is spent on the township; just more than 1 percent is spent on road and bridge maintenance and improvement; 2 percent is spent to support water and sewer services; and 1.4 percent is spent on the airport authority. The largest proportion of property tax is spent on supporting Normal public schools. Six percent of property taxes go toward supporting Heartland Community College and 60.7 percent of taxes are spent on the Normal school district.
- There are several types of exemptions available for property taxes in Normal, Illinois. Exemptions are deducted from the EAV before calculating the tax owed. Home owners who live in their own property have $5,000 deducted from the EAV for their home. Home owners who make improvements to their homes are eligible for a four-year, home improvement exemption of up to $15,000 of EAV. Home owners who live in their own homes and are 65 and older may apply for a senior citizen exemption of $3,000 off the EAV. Seniors who are living in their own home, and whose total annual household income is under $45,000, are also eligible to have the EAV of their home frozen at the level of the year they turn 65.
- If you believe your Normal, Illinois, property tax is incorrect, you may appeal your assessment. There are several ways to do this. You may make an informal appeal with the assessor who valued your property by contacting him after you receive your notification of assessment. This must be done before the assessor has closed his books for the year -- usually done in the fall. You may also make a formal appeal to the County Board of Review. This must be done within 30 days of the publication of the township's assessment in "The Normalite" newspaper. If this appeal fails, you may then appeal to the State Property Tax Appeal Board.