What is the property tax rate in Peoria, IL?

Peoria has an estimated effective property tax rate of 2.41%. On a median home valued at $149,500, homeowners pay approximately $3,596 per year in property taxes.

How does Peoria compare to Peoria County?

Peoria's effective rate of 2.41% is 8% higher than the Peoria County average of 2.24%. The county-wide median annual tax is $3,552, while Peoria homeowners pay an estimated $3,596.

How much are property taxes in Peoria on a $300,000 home?

Based on Peoria's effective rate of 2.41%, property taxes on a $300,000 home would be approximately $7,230 per year, or about $603 per month.

Peoria Property Tax Rate

Peoria County, Illinois

2.41%effective rate

Peoria is located in Peoria County, Illinois. Homeowners in Peoria pay a median of $3,596 per year in property taxes on a home valued at $149,500, resulting in an effective tax rate of 2.41%. This is 8% higher than the Peoria County average of 2.24%.

Effective Tax Rate🏠

2.41%

vs 2.24% county avg

Est. Annual Tax💰

$3,596

Per year

Median Home Value📊

$149,500

2024 estimate

Population📍

112,126

Peoria, IL

How Peoria Compares

Peoria

2.41%

Peoria County Average

2.24%

Illinois Average

2.01%

National Average

0.92%

About Property Taxes in Peoria

Property taxes in Peoria are collected by Peoria County. Tax exemptions available to Peoria County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Peoria. For detailed information on available exemptions and the county tax collector, see the Peoria County property tax page.

Property Tax Calculator

Estimate your annual property tax in Peoria

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$7,230

$603/month · Rate: 2.41%

Peoria County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Illinois Property Taxes

Statewide rates, all 102 counties, and exemptions.

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Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.