Trivoli, Peoria County, Illinois Property Taxes

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

Median Trivoli, IL effective property tax rate: 2.19%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Trivoli, IL home value: $131,730
Median annual Trivoli, IL tax bill: $2,790, $390 higher than the national median property tax bill of $2,400.

How are property taxes in Peoria calculated?

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

Last Updated March 1, 2025

Trivoli, Peoria County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.19%

Estimate Property Tax Bill

$2,885

$2,677

Ownwell’s Trivoli Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Trivoli with just two data points. By entering your property's estimated assessed value, our calculator applies Trivoli’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Peoria 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 Trivoli, Peoria County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Trivoli, located in Peoria County, Illinois, the effective property tax rate is noteworthy. Compared to the national median property tax rate of 1.02%, Illinois has a significantly higher median property tax rate of 2.19%. This rate is consistent across Peoria County, making it one of the areas with the highest property tax rates in the state. Despite this, the benefits of living in areas with higher property tax rates often include better-funded public services and infrastructure, which can enhance the quality of life for residents. By understanding these dynamics, property owners can make informed decisions and potentially seek property tax appeals or exemptions to better manage their financial responsibilities.

Property Tax Rates Across Trivoli, 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 Trivoli Taxx Rate

2.19%

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 Trivoli, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61569	1.74%	2.00%	2.19%	2.39%	2.51%

Source: Ownwell

Property Tax Assessment Values Across Trivoli, Peoria County, Illinois

When examining property taxes in Trivoli, 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 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 Trivoli. For example, the median home price in Trivoli is $131,730, with tax bills ranging significantly across the county. Zip code 61569 has the highest median home price at $131,730.

Property Tax Assessment Values Across Trivoli, Peoria County, Illinois

Source: Ownwell

$15,870

$133,065

$250,260

Median Trivoli Market Value

$131,730

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 Trivoli, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61569	$28,170	$83,385	$131,730	$176,228	$236,985

Source: Ownwell

Property Tax Bills Across Trivoli, Peoria County, Illinois

In Trivoli, located in Peoria County, IL, property tax bills are primarily determined by 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 calculate the annual tax bill. Homeowners in Trivoli experience a wide range of tax bills, with the 25th percentile at $1,636 and the 90th percentile reaching $5,418. This variation highlights the impact of property values and local tax rates on individual tax liabilities. Compared to the national median property tax bill of $2,400, Trivoli's tax bills can be both lower and higher, depending on the specific property.

Ownwell offers valuable assistance to homeowners in Trivoli by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax bills. This service is particularly beneficial given the significant variation in tax bills within the area, allowing homeowners to ensure they are not overpaying and to achieve potential savings.

Property Tax Bills Across Trivoli, Peoria County, Illinois

Source: Ownwell

$439

$3,464

$6,489

Median Trivoli Tax Bill

$2,790

Median Peoria County Tax Bill

$2,323

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Trivoli, Peoria County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61569	$610	$1,636	$2,790	$3,866	$5,418

Source: Ownwell