Peoria, Peoria County, Illinois Property Taxes
Property Taxes in Peoria, Illinois
Median Peoria, Illinois effective property tax rate: 2.69%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Peoria, Illinois home value: $96,495
Median annual Peoria, Illinois tax bill: $2,341, $59 lower than the national median property tax bill of $2,400.
How are property taxes in Peoria calculated?
Property taxes in Peoria, Illinois 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 Peoria's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peoria, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Peoria, Peoria County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.69%
Estimate Property Tax Bill
$2,596
$2,409
How Does the Peoria Property Tax Calculator Work?
Use this Peoria property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Peoria's median effective tax rate of 2.69% — based on actual property records in Peoria County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Peoria's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Peoria: rates range from $516.00 in 61605 to $4,808.00 in 61615, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Peoria.
About Peoria Property Taxes
About Property Taxes in Peoria, Peoria, Illinois
Peoria’s median effective property tax rate of 2.69% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Peoria County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Peoria. Homeowners in the 61605 ZIP code carry a median effective rate of 3.02%, while those in 61604 pay 2.56%. This spread — 0.46 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Peoria County.
Peoria homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Peoria, Peoria County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Peoria's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Peoria Tax Rate
2.69%
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 Peoria County Tax Rate
2.62%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Peoria, Peoria County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61603 | 1.56% | 2.09% | 3.02% | 3.02% | 3.02% |
| 61604 | 1.68% | 2.22% | 2.56% | 3.02% | 3.02% |
| 61605 | 1.63% | 2.39% | 3.02% | 3.02% | 3.02% |
| 61606 | 1.98% | 2.48% | 3.02% | 3.02% | 3.02% |
| 61607 | 1.92% | 2.35% | 2.56% | 2.72% | 2.90% |
| 61614 | 2.08% | 2.47% | 2.66% | 2.80% | 3.02% |
| 61615 | 2.13% | 2.47% | 2.68% | 2.83% | 3.02% |
| 61601 | N/A | N/A | N/A | N/A | N/A |
| 61602 | N/A | N/A | N/A | N/A | N/A |
| 61611 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Peoria, Peoria County, Illinois
When examining property taxes in Peoria, 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 appraisal district 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 May.
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. The median home price in Peoria is $96,495, with tax bills ranging from $516 in 61605 to $4,808 in 61615. Peoria’s median tax bill is $2,341, slightly below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Peoria, Peoria County, Illinois
Source: Ownwell
$1,440
$145,470
$289,500
Median Peoria Market Value
$96,495
Median Peoria County Market Value
$109,950
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Peoria, Peoria County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61603 | $14,220 | $29,010 | $43,185 | $69,240 | $102,261 |
| 61604 | $27,810 | $51,360 | $81,600 | $123,112 | $165,183 |
| 61605 | $1,470 | $10,478 | $21,120 | $33,060 | $52,050 |
| 61606 | $30,420 | $52,980 | $89,310 | $142,035 | $198,060 |
| 61607 | $74,943 | $120,728 | $160,455 | $207,008 | $276,795 |
| 61614 | $77,565 | $117,690 | $161,670 | $208,912 | $276,480 |
| 61615 | $67,908 | $110,415 | $185,580 | $280,860 | $409,524 |
| 61601 | N/A | N/A | N/A | N/A | N/A |
| 61602 | N/A | N/A | N/A | N/A | N/A |
| 61611 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Peoria, Peoria County, Illinois
Property tax bills in Peoria are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The final bill depends on several factors, including the home’s value, the tax rates set by local taxing authorities, and any exemptions a homeowner may qualify for. With a median home price of $96,495, property taxes can still vary widely from one neighborhood to another.
For many homeowners, the bill can be a meaningful part of annual housing costs. The 25th percentile tax bill is $965, while the 75th percentile is $4,397 and the 90th percentile reaches $6,868. That spread shows how much assessed value and location can affect what a homeowner owes. Some areas also see much higher or lower typical bills, with the highest median tax bill at $4,808 in ZIP code 61615 and the lowest at $516 in ZIP code 61605.
Median Peoria Tax Bill
$2,341
Median Peoria County Tax Bill
$2,655
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Peoria, Peoria County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61603 | $254 | $652 | $1,063 | $1,702 | $2,600 |
| 61604 | $555 | $1,137 | $1,935 | $3,001 | $4,308 |
| 61605 | $44 | $169 | $516 | $797 | $1,248 |
| 61606 | $595 | $1,265 | $2,413 | $3,862 | $5,387 |
| 61607 | $1,491 | $2,681 | $3,983 | $5,293 | $7,352 |
| 61614 | $1,684 | $2,834 | $4,182 | $5,560 | $7,603 |
| 61615 | $1,601 | $2,709 | $4,808 | $7,714 | $11,579 |
| 61601 | N/A | N/A | N/A | N/A | N/A |
| 61602 | N/A | N/A | N/A | N/A | N/A |
| 61611 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Peoria Tax Assessor | |
| Website | propertytax.peoriacounty.gov |