Taxes

A community’s tax rate is important to businesses and consumers alike, and it is an integral part of an area’s economic growth. When individuals pay fewer taxes, they have more disposable income to spend in the local economy, advancing community growth and increasing the quality of life. Low corporate tax rates can entice businesses to move into an area or provide for easier expansion, thus improving a community’s business climate and furthering economic development.

Bloomington and Normal have the lowest property tax rates when compared with other Central Illinois cities, as illustrated in the table below. To learn more about Bloomington-Normal’s favorable tax rates and tax-related information, please visit the provided links in this section.