How much are property taxes in Lexington Township, IL?
Homeowners in Lexington Township, IL pay a median of $4,237 (±$440) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $4,962.
Homes without a mortgage pay a median of $3,667.
That is about 2.3% of the median home value of $186,700.
In Lexington Township, the median real estate tax went from $3,617 in 2015–2019 to $4,237 in 2020–2024 (+17.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $4,237 (±$440)
- With a mortgage
- $4,962
- Without a mortgage
- $3,667
- Share of median value
- 2.3%
Real estate taxes in Lexington Township against McLean County, its state and the nation
| Lexington Township | McLean County | Illinois | United States | |
|---|---|---|---|---|
| Median real estate taxes | $4,237 (±$440) | $4,524 (±$74) | $5,298 (±$22) | $3,119 |
| Homes with a mortgage | $4,962 (±$869) | $4,702 (±$96) | $5,833 (±$28) | $3,489 |
| Homes without a mortgage | $3,667 (±$366) | $4,173 (±$152) | $4,463 (±$30) | $2,576 |
| Median home value | $186,700 (±$23,824) | $208,400 (±$3,688) | $263,300 (±$797) | $332,700 |
In Lexington Township, the median real estate tax is not measurably different from McLean County ($4,524).
It is also lower than in Illinois ($5,298).
It is higher than the national figure ($3,119).
In McLean County, Lexington Township ranks 20 of 50 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 697 of 2,625.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Lexington Township
The median tax ($4,237) is 2.3% of the median home value ($186,700).
Across McLean County the same ratio is 2.2%.
Across Illinois it is 2.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Lexington Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $3,617 (±$453) | $4,237 (±$440) | +17.1% | No measurable change after inflation |
| Median home value | $155,700 (±$15,152) | $186,700 (±$23,824) | +19.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,393 (±$143) | $1,610 (±$230) | +15.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Lexington Township
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Lexington Township | — | $4,237 (±$440) | — |
| Lexington | 2.1 mi | $4,204 (±$377) | Not measurably different |
| Chenoa Township | 4.4 mi | $2,523 (±$228) | Lower |
| Cooksville | 6.2 mi | $3,156 (±$691) | Lower |
| Money Creek Township | 6.7 mi | $6,824 (±$4,513) | Not measurably different |
| Blue Mound Township (McLean County) | 6.7 mi | $4,091 (±$670) | Not measurably different |
| Chenoa | 7.8 mi | $2,443 (±$212) | Lower |
| Colfax | 8.4 mi | $2,965 (±$429) | Lower |
| Towanda Township | 8.6 mi | $6,951 (±$2,829) | Not measurably different |
Nearby places with a measurably lower figure: Chenoa Township, IL ($2,523), Cooksville, IL ($3,156), Chenoa, IL ($2,443).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across McLean County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 14 | Randolph Township | $4,707 (±$393) |
| 15 | Normal Township | $4,686 (±$137) |
| 16 | Heyworth | $4,628 (±$405) |
| 17 | Danvers Township | $4,433 (±$462) |
| 18 (tie) | Bloomington | $4,374 (±$135) |
| 18 (tie) | Bloomington City Township | $4,374 (±$135) |
| 20 | Lexington Township | $4,237 (±$440) |
| 21 | Lexington | $4,204 (±$377) |
| 22 | West Township (McLean County) | $4,105 (±$1,074) |
| 23 | Blue Mound Township (McLean County) | $4,091 (±$670) |
| 24 | Dawson Township | $3,895 (±$980) |
| 25 | Empire Township | $3,855 (±$473) |
| 26 | White Oak Township | $3,739 (±$440) |
Showing 13 of 50 places in McLean County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lexington Township
How much are property taxes in Lexington Township?
The median real estate tax paid by homeowners in Lexington Township, IL is $4,237 (±$440) a year (2020–2024 American Community Survey).
What is the property tax rate in Lexington Township?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.3% of the median home value in Lexington Township, and the actual rate is set by the town, county and school district.
Have property taxes in Lexington Township gone up?
In Lexington Township, the median real estate tax went from $3,617 in 2015–2019 to $4,237 in 2020–2024 (+17.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Lexington Township higher than in McLean County?
In Lexington Township, the median real estate tax is not measurably different from McLean County ($4,524).
It is also lower than in Illinois ($5,298).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lexington township, McLean County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lexington township, McLean County, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lexington township, McLean County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lexington township, McLean County, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lexington township, McLean County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lexington township, McLean County, Illinois (county subdivision:43107, in state:17 county:113).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lexington Township at a glance
- Income and affordability in Lexington Township
- Home values in Lexington Township
- Homeowner costs in Lexington Township
- Types of homes in Lexington Township
- Bedrooms in Lexington Township
- Age of homes in Lexington Township
- Heating fuel in Lexington Township
- Commute and cars in Lexington Township
- Population growth in Lexington Township
- How long people stay in Lexington Township
- Illinois landlord and tenant rules
- Housing across McLean County
- Illinois places ranked by property taxes
- Housing data for every place in Illinois