The median commercial property tax rate in Mattoon reached 2.5% during fiscal year 2025, the highest percentage in Coles County, according to BlockShopper.com.
This median was consistent with Coles County’s overall figure of 2.5% for the same year, putting Mattoon in alignment with the county average.
Oakland and Charleston also recorded a 2.5% median tax rate within Coles County that year.
Property tax rates among Coles County’s five cities varied from 0.4% in Lerna up to 2.5% in Mattoon.
During fiscal year 2024, Mattoon’s commercial median property tax rate stood at 2.5%, again leading the county.
Across 53 major U.S. cities, commercial property tax rates averaged 1.76% in 2024 based on a Lincoln Institute of Land Policy report. According to the study, the average annual property tax bill for a property valued at $1 million, with $200,000 in fixtures, was about $21,060. Rates could fall below 1% in some locations or exceed 4% in others.
In many states, assessment policies can result in commercial, industrial, and apartment properties being taxed at higher effective rates than residential properties. In certain areas, business tax rates are several times higher than those for homes; for instance, Charleston’s rate can be nearly six times greater.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Mattoon | 2.5% |
| 1 | Oakland | 2.5% |
| 1 | Charleston | 2.5% |
| 4 | Rolling Green | 1% |
| 5 | Lerna | 0.4% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 520 Wabash, Unit 11 | 12.9% |
| 2 | 2305 Charleston Ave. | 11.6% |
| 3 | 61 Dewitt Ave. | 9.3% |
| 4 | 1000 Charleston Ave. | 7.5% |
| 5 | 1200 S. 16th St. | 6.9% |
| 6 | 1500 Wabash Ave. | 6.8% |
| 7 | 720 N. 33rd St. | 6.3% |
| 7 | N/A | 6.3% |
| 9 | 2509 Hurst Drive | 6% |
| 9 | 712 N. 13th St. | 6% |
| 11 | 610 Richmond Ave. | 4.5% |
| 12 | 512 N. 15th St. | 4.2% |
| 13 | 121 Swords Drive | 3.1% |
| 13 | 713 Marshall Ave. | 3.1% |
| 13 | 1016 Charleston Ave. | 3.1% |
| 16 | 921 Charleston Ave. | 3% |
| 17 | 400 Richmond Ave. | 2.9% |
| 18 | 3121 Marshall Ave. | 2.8% |
| 19 | 6040 Lerna Road | 2.7% |
| 20 | 1501 Lakeland Blvd. | 2.6% |
Note: Incomplete property address data may be due to gaps in available county assessor records.
This article uses information from BlockShopper.com. Source details are available here.
