Quantcast

Peoria Standard

Monday, December 23, 2024

Analysis: Peoria County effective property tax rate outpaced the national average in Q1 2023

Re 6

Property owners in Peoria County paid 2.6% of the value of their homes in property taxes in the first quarter of 2023, which is more than 2.4 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 first quarter of 2023 was $97,500, based on data from the 685 properties sold during that time. In 2021 the median tax bill for the county was $2,567, which is 2.6% of the median value of the homes that were taxed.

This is 2.4 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 Glasford, Rome, and Mapleton paid the highest rates.

The following table compares Glasford with some other cities belonging to Peoria County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Glasford5$50,000$2,2244.4%
Rome5$59,900$2,4714.1%
Mapleton1$75,000$2,7563.7%
Peoria459$80,000$2,7913.5%
Elmwood9$98,000$3,1013.2%
Bartonville17$138,000$2,8712.1%
Peoria Heights15$97,000$2,0082.1%
Chillicothe26$130,000$2,7012.1%
Hanna City6$128,500$2,6352.1%
Lake Camelot12$230,000$4,7222.1%
Princeville9$159,900$3,1902%
West Peoria20$97,450$1,9522%
Brimfield1$148,900$2,8881.9%
Bellevue11$115,000$2,0711.8%
Norwood1$154,000$2,3811.5%
Dunlap8$318,245$3,7471.2%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS