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Peoria Standard

Saturday, November 23, 2024

Tazewell County effective property tax rate in Q1 2023 was higher than the national average

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Property owners in Tazewell County paid 2.4% of the value of their homes in property taxes in the first quarter of 2023, 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 Tazewell County home in the first quarter of 2023 was $120,000, based on data from the 329 properties sold during that time. In 2021 the median tax bill for the county was $2,887, 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 Tazewell County real estate data showed homeowners in Armington, Creve Coeur, and Tremont paid the highest rates.

The following table compares Armington with some other cities belonging to Tazewell 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
Armington1$75,000$2,5303.4%
Creve Coeur15$59,900$1,7793%
Tremont8$144,000$4,2432.9%
East Peoria61$126,000$3,4962.8%
Heritage Lake2$181,450$5,1102.8%
South Pekin6$62,950$1,6082.6%
Pekin114$95,000$2,4632.6%
Marquette Heights10$90,500$2,3902.6%
Green Valley3$115,000$2,7242.4%
Minier5$135,000$3,2952.4%
Morton22$218,000$4,7022.2%
Washington48$200,000$4,4052.2%
Mackinaw8$174,000$3,6722.1%
Deer Creek1$169,000$3,3362%
Delavan15$147,000$2,9212%
North Pekin7$100,000$1,6891.7%
Hopedale3$285,000$3,2501.1%

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