Taxes in Urbana

Urbana's tax picture combines Illinois's real, statewide flat income tax with a genuinely elevated local property tax and a combined sales tax approaching Chicago's own high-water mark.

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Illinois's flat income tax, with a real retirement exemption

Illinois levies a simple, flat 4.95% tax on wages statewide, but taxes NONE of a retiree's Social Security, pension, or 401(k)/IRA income -- a real, substantial positive for retirees specifically. See illinois.js for the full mechanic.

A real, elevated local property tax

Champaign County's effective property tax rate (2.06%-2.30% depending on source) runs meaningfully above Illinois's own already-high 1.88% statewide average -- confirm the current, specific millage for a target address directly.

A genuinely high combined sales tax

Urbana's 9.0% combined sales tax (6.25% state + 1.25% Champaign County + 1.5% city) runs close to Chicago's own 10.25% high-water mark despite Urbana's small-city scale.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.