Kingston Mines, Peoria County, Illinois Property Taxes

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

Median Kingston Mines, IL effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Kingston Mines, IL home value: $50,145. Median annual Kingston Mines, IL tax bill: $845, $1,555 lower than the national median property tax bill of $2,400.

How are property taxes in Peoria calculated?

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

Last Updated March 1, 2025

Kingston Mines, Peoria County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$1,229

$1,140

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

Local government entities in Illinois set tax rates, which can vary widely within the 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. In Kingston Mines, located in Peoria County, the effective property tax rate is notably higher than both the state and national medians. With Illinois having a median property tax rate of 2.45%, it far exceeds the national median of 1.02%. The property tax rate in Kingston Mines reflects this trend, as it stands at the highest rate within the state. This can lead to property tax bills that are significantly above the national median of $2,400. Understanding these differences is crucial for homeowners in Kingston Mines as they navigate property tax assessments and potential appeals.

Property Tax Rates Across Kingston Mines, 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 Kingston Mines Taxx Rate

2.45%

Median Effective Peoria County Taxx Rate

2.68%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Kingston Mines, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61539	1.29%	1.87%	2.45%	3.17%	3.17%

Source: Ownwell

Property Tax Assessment Values Across Kingston Mines, Peoria County, Illinois

When examining property taxes in Kingston Mines, 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 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.

In Peoria County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Kingston Mines. For example, the median home price in Kingston Mines is $50,145, with tax bills ranging significantly across the county. Zip code 61539 has the highest median home price at $50,145.

Property Tax Assessment Values Across Kingston Mines, Peoria County, Illinois

Source: Ownwell

$15,870

$133,065

$250,260

Median Kingston Mines Market Value

$50,145

Median Peoria County Market Value

$93,150

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Kingston Mines, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61539	$5,700	$19,860	$50,145	$76,695	$93,426

Source: Ownwell

Property Tax Bills Across Kingston Mines, Peoria County, Illinois

In Kingston Mines, located in Peoria County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is typically a percentage of the property's market value. The median home price in Kingston Mines is $50,145, which influences the overall tax bill. Homeowners in this area face a median property tax bill of $845, significantly lower than the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $401 and the 75th percentile at $1,816, highlighting the range of potential tax obligations. Factors such as property size, location, and improvements can impact the assessed value, thus affecting the tax bill. Ownwell offers services to help homeowners in Kingston Mines reduce their property tax bills by identifying potential exemptions and appealing assessments that may be inaccurately high. By leveraging expert knowledge, Ownwell can assist homeowners in achieving significant savings on their property taxes.

Property Tax Bills Across Kingston Mines, Peoria County, Illinois

Source: Ownwell

$439

$3,464

$6,489

Median Kingston Mines Tax Bill

$845

Median Peoria County Tax Bill

$2,323

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Kingston Mines, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61539	$162	$401	$845	$1,816	$2,394

Source: Ownwell