Edwards, Peoria County, Illinois Property Taxes

Name: Property Tax Bills Across Edwards, Peoria County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Edwards, IL effective property tax rate: 2.54%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Edwards, IL home value: $222,015
Median annual Edwards, IL tax bill: $5,460, $3,060 higher than the national median property tax bill of $2,400.

How are property taxes in Peoria calculated?

Property taxes in Edwards, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Edwards’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edwards, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Edwards, Peoria County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.54%

Estimate Property Tax Bill

$5,639

$5,233

Ownwell’s Edwards Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Edwards with just two data points.

By entering your property's estimated assessed value, our calculator applies Edwards’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Peoria County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Edwards, Peoria County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Edwards’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Edwards, Peoria County, Illinois

Source: Ownwell

2.10%

2.66%

3.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Edwards Tax Rate

2.54%

Median Effective Peoria County Tax Rate

2.68%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Edwards, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61528	2.06%	2.27%	2.54%	2.81%	2.97%

Source: Ownwell

Property Tax Assessment Values Across Edwards, Peoria County, Illinois

When examining property taxes in Edwards, Illinois, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Peoria County Assessment Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Peoria County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Edwards.

For example, the median home price in Edwards is $222,015, with tax bills ranging significantly across the county. Zip code 61528 has the highest median home price at $222,015.

Property Tax Assessment Values Across Edwards, Peoria County, Illinois

Source: Ownwell

$15,870

$133,065

$250,260

Median Edwards Market Value

$222,015

Median Peoria County Market Value

$93,150

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Edwards, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61528	$1,659	$105,075	$222,015	$305,370	$383,961

Source: Ownwell

Property Tax Bills Across Edwards, Peoria County, Illinois

Property tax bills in Edwards, Peoria County, Illinois, are calculated based on the assessed value of a property, which is determined by the local assessor. This value is typically a percentage of the property's market value. The median home price in the area is $222,015. Tax rates are applied to this assessed value to determine the annual tax bill. In Edwards, property tax bills can vary significantly, with the 25th percentile at $2,255 and the 75th percentile reaching $8,232. The national median property tax rate is 1.02%, but local rates can differ, impacting homeowners' finances. A high tax bill can be a burden, especially when it exceeds the national median of $2,400. Ownwell offers services to help homeowners reduce their property tax bills by providing expert guidance on appealing assessments and identifying potential exemptions. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property tax systems and potentially save money, easing the financial impact of high property taxes.

Property Tax Bills Across Edwards, Peoria County, Illinois

Source: Ownwell

$439

$3,464

$6,489

Median Edwards Tax Bill

$5,460

Median Peoria County Tax Bill

$2,323

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Edwards, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61528	$95	$2,255	$5,460	$8,232	$10,609

Source: Ownwell