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Peoria Standard

Monday, November 25, 2024

Peoria County effective property tax rate in Q4 2022 was higher than the national average

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Property owners in Peoria County paid 2.4% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 2.2 times the national average, according to the real estate analysis posted by the Peoria Standard.

The median sales price of a Peoria County home in the fourth quarter of 2022 was $105,000, based on data from the 922 properties sold during that time. In 2021 the median tax bill for the county was $2,567, which is 2.4% of the median value of the homes that were taxed.

This is 2.2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Peoria County real estate data showed homeowners in Mapleton, Elmwood, and Glasford paid the highest rates.

The following table compares Mapleton with some other cities belonging to Peoria County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Mapleton1$10,000$2,58725.9%
Elmwood7$70,000$2,9114.2%
Glasford4$52,000$2,0884%
Bellevue8$53,200$1,9443.7%
Princeville5$94,500$2,9943.2%
Norwood1$81,300$2,2342.7%
Peoria629$100,000$2,6202.6%
Hanna City6$95,000$2,4732.6%
Kingston Mines1$60,000$1,5672.6%
Bartonville37$110,000$2,6942.4%
Peoria Heights26$81,500$1,8852.3%
West Peoria37$85,000$1,8322.2%
Chillicothe31$120,000$2,5352.1%
Lake Camelot9$209,000$4,4322.1%
Brimfield5$140,000$2,7101.9%
Rome7$127,000$2,3191.8%
Dunlap7$325,000$3,5171.1%

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