Dunlap, Peoria County, Illinois Property Taxes

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

Median Dunlap, 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 Dunlap, IL home value: $250,260
Median annual Dunlap, IL tax bill: $6,489, $4,089 higher than the national median property tax bill of $2,400.

How are property taxes in Peoria calculated?

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

Last Updated March 1, 2025

Dunlap, 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

$6,357

$5,899

Ownwell’s Dunlap Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dunlap with just two data points. By entering your property's estimated assessed value, our calculator applies Dunlap’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 Dunlap, Peoria County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 Dunlap’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 Dunlap, 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 Dunlap 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 Dunlap, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61525	2.07%	2.24%	2.54%	2.77%	2.85%

Source: Ownwell

Property Tax Assessment Values Across Dunlap, Peoria County, Illinois

When examining property taxes in Dunlap, IL, 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 Assessor's 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.

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 Dunlap. For example, the median home price in Dunlap is $250,260, with tax bills ranging significantly across the county. Zip code 61525 has the highest median home price at $250,260.

Property Tax Assessment Values Across Dunlap, Peoria County, Illinois

Source: Ownwell

$15,870

$133,065

$250,260

Median Dunlap Market Value

$250,260

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 Dunlap, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61525	$117,834	$175,598	$250,260	$325,298	$446,649

Source: Ownwell

Property Tax Bills Across Dunlap, Peoria County, Illinois

In Dunlap, located in Peoria County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and local authorities set the tax rate based on budgetary needs. Homeowners in Dunlap face a median property tax bill of $6,489, significantly higher than the national median of $2,400. Factors influencing these tax bills include changes in home values, local government budgets, and public service funding needs. The tax bill can vary widely, with the 25th percentile at $4,189 and the 90th percentile reaching $12,120, reflecting the diverse property values and tax rates within the area. Ownwell can assist homeowners in Dunlap by reviewing their property assessments and identifying opportunities for tax appeals. By leveraging local expertise and data-driven insights, Ownwell helps ensure that homeowners pay only their fair share, potentially reducing their tax burden and saving them money.

Property Tax Bills Across Dunlap, Peoria County, Illinois

Source: Ownwell

$439

$3,464

$6,489

Median Dunlap Tax Bill

$6,489

Median Peoria County Tax Bill

$2,323

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Dunlap, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61525	$2,668	$4,189	$6,489	$8,543	$12,120

Source: Ownwell