Property Taxes

Illinois could soon reform the state’s regulations on delinquent property tax sales after the House approved a bill 80-35 along party lines Saturday evening that lets homeowners keep their equity.

Parcels within Hudson Township, but outside the Village of Hudson, including the area surrounding Lake Bloomington, were inadvertently charged a village tax. A review of several tax bills indicates it may have also affected how village residents were taxed.

GOP legislators also introduced bills to make it easier for people older than 65 to get a homestead exemption, and allow property tax assessments to be published online.

McLean County property tax bills total $483.6 million from the 2025 assessment period. It's a 4% increase from last year.

Republicans are blaming Democratic policies, such as unfunded mandates on local governments and school districts, for raising property taxes while failing to provide other financial assistance.

With too much space and more remote workers, State Farm said Thursday that it plans to consolidate its workforce into the Corporate South complex in Bloomington and close its Corporate Headquarters and Illinois Operations Center by the end of 2027.

The four Republican Party candidates for governor of Illinois told a Central Illinois audience Thursday evening they favor property tax caps, pension reform, ending Illinois' status as a "sanctuary state," and rolling back the SAFE-T criminal justice reform act which ended cash bail.

The Unit 5 school board approved the 2025 tax levy and heard from concerned Carlock community members on Wednesday.

The Bloomington City Council approved the levy amount for the current fiscal year, as well as a nearly $7 million levy amount for the Bloomington Public Library.

The City of Bloomington intends to set its 2025 property tax levy at $25.3 million, an increase of $3 million over the previous year.