In fiscal year 2025, Washington posted a median commercial property tax rate of 6%, the highest among all cities in Tazewell County, according to BlockShopper.com.
The median for the county overall was 2.9% during the same period, making Washington’s median rate 3.1 percentage points higher than the county median.
Commercial property tax rates in Tazewell County cities for 2025 ranged from 2.8% in East Peoria to 6% in Washington.
The prior year, Washington’s median commercial property tax rate was 2.3%, which placed it fourth in the county.
An analysis by the Lincoln Institute of Land Policy found that the average commercial property tax rate across 53 major U.S. cities was 1.76% in 2024. That study estimated that a $1 million property, with fixtures valued at $200,000, incurred an annual tax of approximately $21,060. Rates varied from well below 1% in some cities to up to 4% in others.
Effective property tax rates for commercial, industrial, and apartment properties often exceed those for residential properties because of classification systems in many states. In several jurisdictions, business properties may be taxed at multiples of residential rates. For instance, Charleston taxes businesses at approximately six times the residential rate.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Washington | 6% |
| 2 | Pekin | 2.8% |
| 2 | East Peoria | 2.8% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 1275 Peoria St. | 6.1% |
| 2 | Peoria Street | 5.8% |
Note: Some property addresses may be incomplete or missing due to limitations in county assessor data.
Information for this article originated from BlockShopper.com. The source data is available here.
