Champaign County’s 2025 Tentative Multiplier Announced, Signaling Potential Property Tax Adjustments
Springfield, IL – The Illinois Department of Revenue (IDOR) has officially announced the tentative multiplier for Champaign County for the 2025 assessment year. This announcement, published on August 11, 2025, at 5:00 AM, signifies an important step in the property tax assessment process and may lead to adjustments in property tax bills for residents and businesses within the county.
The multiplier, also known as the “equalization factor,” is a crucial tool used by the state to ensure that property assessments are uniform across all counties in Illinois. When a county’s overall property assessment level deviates significantly from the state’s target of 33 1/3% of market value, the IDOR applies a multiplier to bring assessments closer to this benchmark.
While the specific value of the tentative multiplier has not been detailed in the press release, its announcement is a clear indication that Champaign County’s property assessments are being reviewed for equity. This process is designed to ensure that all property owners in the county contribute their fair share to local government services, based on the assessed value of their properties relative to their market value.
It is important for property owners in Champaign County to understand that this is a tentative announcement. The IDOR will be accepting public comment and feedback on this multiplier in the coming weeks. This period provides an opportunity for taxpayers, local officials, and other stakeholders to review the proposed equalization factor and offer any relevant input.
Following the public comment period, the IDOR will make a final determination on the multiplier. Once finalized, this figure will be applied to individual property assessments in Champaign County. The ultimate impact on individual property tax bills will depend on a variety of factors, including the specific assessment of each property, the local property tax rates set by various taxing bodies (such as school districts, municipalities, and county government), and any exemptions or credits a property owner may be eligible for.
Residents and business owners in Champaign County are encouraged to stay informed about this process. Information regarding the public comment period and how to submit feedback will typically be made available through official channels of the Illinois Department of Revenue and the Champaign County Supervisor of Assessments office. Understanding the multiplier and its potential impact is a key aspect of responsible property ownership.
2025 Champaign County Tentative Multiplier Announced
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