Tazewell County Property Taxes
The median property tax rate in Tazewell County is 2.46%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Tazewell County at $127,050, the typical annual property tax bill reaches $3,118, exceeding the national median of $2,690. Property taxes in Tazewell County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Tazewell County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in a city like Pekin or another part of Tazewell County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tazewell County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Tazewell Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Tazewell with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Tazewell to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to more localized informational pages. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any exemptions you may have.
Property Tax Rates Across Tazewell County, Illinois
Property taxes in Tazewell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tazewell County is 2.46%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Tazewell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tazewell County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Tazewell County's effective property tax rate with other areas in Illinois and the national median. For comparison, the city of East Peoria has one of the higher property tax rates in Illinois at 2.80%, while the city of North Pekin boasts one of the lowest at 1.96%. Analyzing how Tazewell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tazewell County Tax Rate
2.46%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tazewell County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armington | 1.70% | 2.04% | 2.32% | 2.52% | 2.94% |
| Creve Coeur | 1.52% | 2.01% | 2.41% | 2.85% | 3.14% |
| Danvers | 1.91% | 2.02% | 2.21% | 2.29% | 2.34% |
| Deer Creek | 2.00% | 2.19% | 2.36% | 2.54% | 2.96% |
| Delavan | 1.86% | 2.21% | 2.47% | 2.72% | 3.16% |
| East Peoria | 2.06% | 2.48% | 2.80% | 2.99% | 3.31% |
| Emden | 1.98% | 2.13% | 2.51% | 2.62% | 2.92% |
| Eureka | 1.99% | 2.03% | 2.23% | 2.28% | 2.34% |
| Goodfield | 2.24% | 2.29% | 2.37% | 2.40% | 2.42% |
| Green Valley | 1.54% | 1.83% | 2.03% | 2.15% | 2.48% |
| Groveland | 1.89% | 2.09% | 2.21% | 2.31% | 2.41% |
| Hopedale | 1.83% | 2.11% | 2.26% | 2.45% | 2.87% |
| Mackinaw | 1.97% | 2.22% | 2.41% | 2.59% | 2.65% |
| Manito | 1.62% | 1.95% | 2.23% | 2.51% | 2.59% |
| Marquette Heights | 1.74% | 2.15% | 2.32% | 2.47% | 2.77% |
| Metamora | 2.10% | 2.18% | 2.30% | 2.39% | 2.40% |
| Minier | 2.01% | 2.28% | 2.54% | 2.67% | 3.07% |
| Morton | 2.00% | 2.18% | 2.31% | 2.41% | 2.51% |
| North Pekin | 1.33% | 1.68% | 1.96% | 2.24% | 2.48% |
| Pekin | 1.74% | 2.18% | 2.47% | 2.75% | 3.08% |
| San Jose | 1.69% | 1.76% | 2.11% | 2.13% | 2.66% |
| South Pekin | 1.40% | 1.94% | 2.37% | 3.08% | 3.08% |
| Stanford | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
| Tremont | 1.91% | 2.16% | 2.30% | 2.44% | 2.70% |
| Washington | 2.12% | 2.42% | 2.64% | 2.86% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Tazewell County, Illinois
In Tazewell County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Tazewell County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Tazewell County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Tazewell County is $7,483 in Goodfield, while the lowest is $1,564 in South Pekin. Being aware of these valuation processes in Tazewell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Tazewell County, Illinois
Source: Ownwell
$67,290
$196,785
$326,280
Average Tazewell County Assessed Value
$127,050
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tazewell County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armington | $41,895 | $61,852 | $96,495 | $143,948 | $232,254 |
| Creve Coeur | $39,588 | $54,705 | $71,550 | $92,805 | $120,612 |
| Danvers | $110,760 | $178,965 | $264,660 | $320,295 | $394,440 |
| Deer Creek | $66,285 | $88,762 | $124,830 | $181,882 | $288,120 |
| Delavan | $48,582 | $76,950 | $111,780 | $164,130 | $224,076 |
| East Peoria | $53,430 | $81,870 | $123,480 | $166,440 | $217,980 |
| Emden | $20,889 | $97,268 | $106,710 | $153,368 | $278,310 |
| Eureka | $115,860 | $127,995 | $142,050 | $159,150 | $224,730 |
| Goodfield | $238,500 | $284,160 | $326,280 | $363,960 | $419,556 |
| Green Valley | $61,170 | $89,858 | $126,060 | $168,540 | $215,040 |
| Groveland | $100,836 | $138,938 | $191,445 | $268,305 | $366,102 |
| Hopedale | $60,600 | $89,295 | $135,360 | $193,230 | $250,590 |
| Mackinaw | $81,690 | $120,750 | $167,550 | $210,480 | $265,410 |
| Manito | $31,065 | $61,432 | $102,720 | $142,268 | $183,660 |
| Marquette Heights | $72,888 | $80,250 | $98,100 | $116,625 | $138,168 |
| Metamora | $178,152 | $181,635 | $192,450 | $201,892 | $202,905 |
| Minier | $64,140 | $90,420 | $120,480 | $152,475 | $209,700 |
| Morton | $123,630 | $156,922 | $196,755 | $275,670 | $369,867 |
| North Pekin | $53,754 | $66,450 | $82,650 | $111,750 | $146,430 |
| Pekin | $48,084 | $70,320 | $95,700 | $145,350 | $206,616 |
| San Jose | $85,260 | $104,355 | $157,620 | $197,040 | $221,580 |
| South Pekin | $24,810 | $46,538 | $67,290 | $84,742 | $101,055 |
| Stanford | $96,450 | $96,450 | $96,450 | $96,450 | $96,450 |
| Tremont | $91,320 | $125,760 | $175,335 | $231,562 | $308,295 |
| Washington | $83,550 | $107,580 | $153,450 | $235,920 | $316,062 |
Source: Ownwell
Property Tax Bills Across Tazewell County, Illinois
In Tazewell County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors influence this calculation, including the home's location, size, and condition. Additionally, local government budgets and the need for public services like schools and infrastructure play a crucial role. Homeowners in Tazewell County can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $1,953, while the 75th percentile reaches $4,772. The 90th percentile tax bill can be as high as $6,990. These figures indicate a broad range of property tax liabilities, reflecting differences in property values and local tax rates within the county. Comparatively, the national median property tax rate is 0.99%, highlighting that tax burdens can vary widely based on local factors. This variability can significantly impact homeowners' financial planning and overall cost of living.
Average Tazewell County Tax Bill
$3,118
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Tazewell County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armington | $797 | $1,232 | $2,189 | $3,229 | $5,571 |
| Creve Coeur | $715 | $1,153 | $1,678 | $2,327 | $3,133 |
| Danvers | $2,000 | $3,429 | $6,015 | $7,171 | $8,735 |
| Deer Creek | $1,525 | $2,060 | $3,013 | $4,319 | $6,183 |
| Delavan | $994 | $1,764 | $2,743 | $4,105 | $5,832 |
| East Peoria | $1,231 | $2,041 | $3,315 | $4,740 | $6,257 |
| Emden | $523 | $1,733 | $2,602 | $3,870 | $7,204 |
| Eureka | $2,589 | $2,698 | $2,969 | $3,734 | $5,072 |
| Goodfield | $5,406 | $6,349 | $7,483 | $8,769 | $10,052 |
| Green Valley | $1,012 | $1,679 | $2,544 | $3,494 | $4,495 |
| Groveland | $2,027 | $2,928 | $4,197 | $6,039 | $8,612 |
| Hopedale | $1,227 | $1,969 | $3,044 | $4,453 | $5,921 |
| Mackinaw | $1,751 | $2,763 | $4,022 | $5,151 | $6,377 |
| Manito | $616 | $1,200 | $2,193 | $3,236 | $4,355 |
| Marquette Heights | $1,392 | $1,751 | $2,221 | $2,788 | $3,390 |
| Metamora | $3,842 | $4,188 | $4,446 | $4,597 | $4,749 |
| Minier | $1,384 | $2,156 | $3,025 | $3,906 | $5,432 |
| Morton | $2,579 | $3,472 | $4,472 | $6,466 | $8,951 |
| North Pekin | $769 | $1,151 | $1,589 | $2,313 | $3,172 |
| Pekin | $956 | $1,573 | $2,325 | $3,652 | $5,453 |
| San Jose | $1,818 | $1,842 | $2,658 | $4,179 | $6,498 |
| South Pekin | $520 | $856 | $1,564 | $2,055 | $2,578 |
| Stanford | $2,031 | $2,031 | $2,031 | $2,031 | $2,031 |
| Tremont | $1,835 | $2,790 | $3,923 | $5,304 | $7,399 |
| Washington | $1,943 | $2,664 | $3,995 | $6,382 | $8,696 |
Source: Ownwell