Average Tax Assessment in Tazewell County
Real Estate Values and Property Tax Valuation in Tazewell County, Illinois
Tazewell County has a total of 50,280 properties with a cumulative value of $7.2B. This accounts for 1.02% of all real estate value in Illinois. Property taxes in Tazewell County amount to $175.1M, with an average homeowner paying $3,491 in property taxes, which is lower than the state average of $5,405. The average property tax rate in Tazewell County is 2.43%, which is lower than the state average of 2.47%. Properties are valued for tax purposes based on their estimated market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Tazewell Commissioner of Revenue | (276) 385-1235 |
| Tazewell Assessor | (309) 477-2275 |
| Tazewell Clerk of Circuit Court | (276) 385-1222 |
| Tazewell Recorder of Deeds | (309) 477-2210 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Tazewell County
Residential Property Taxes by Cities in Tazewell County
Tazewell County has an average property tax rate of 2.43%, which is slightly lower than the national average of 2.48%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly across the cities in Tazewell County. East Peoria has the highest effective property tax rate at 2.68%, while North Pekin has the lowest rate at 1.94%. This means that property owners in East Peoria will pay more in taxes than those in North Pekin.
Overall, Tazewell County has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for those looking to purchase property in the area. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county, so it is important to research the rates in each city before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Tazewell County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Creve Coeur | $38,193 | $52,470 | $68,580 | $89,115 | $115,509 |
| Deer Creek | $63,714 | $85,230 | $119,850 | $172,440 | $260,112 |
| Delavan | $47,238 | $74,085 | $106,665 | $157,410 | $213,873 |
| East Peoria | $51,300 | $78,600 | $118,620 | $159,720 | $209,262 |
| Green Valley | $58,815 | $86,272 | $121,230 | $161,482 | $205,290 |
| Groveland | $96,954 | $133,545 | $183,720 | $255,660 | $351,096 |
| Hopedale | $58,461 | $85,418 | $129,990 | $186,292 | $240,744 |
| Mackinaw | $77,892 | $115,800 | $160,020 | $199,800 | $251,670 |
| Manito | $28,824 | $58,470 | $97,440 | $136,590 | $175,788 |
| Marquette Heights | $69,798 | $76,560 | $93,000 | $111,690 | $130,962 |
| Minier | $61,440 | $87,090 | $115,230 | $145,590 | $199,950 |
| Morton | $117,546 | $149,670 | $187,470 | $261,900 | $352,110 |
| North Pekin | $49,149 | $62,190 | $77,265 | $103,328 | $136,296 |
| Pekin | $45,987 | $67,192 | $91,545 | $138,518 | $197,013 |
| South Pekin | $23,268 | $43,305 | $63,390 | $81,015 | $96,408 |
| Tremont | $86,784 | $120,240 | $166,680 | $218,430 | $292,722 |
| Washington | $81,300 | $104,310 | $148,515 | $228,518 | $305,118 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Tazewell County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Creve Coeur | $614 | $1,060 | $1,570 | $2,175 | $2,966 |
| Deer Creek | $1,393 | $1,976 | $2,884 | $4,190 | $5,937 |
| Delavan | $806 | $1,593 | $2,561 | $3,875 | $5,409 |
| East Peoria | $1,049 | $1,860 | $3,114 | $4,489 | $5,948 |
| Green Valley | $832 | $1,553 | $2,414 | $3,346 | $4,277 |
| Groveland | $1,713 | $2,716 | $3,955 | $5,737 | $8,169 |
| Hopedale | $1,137 | $1,861 | $2,885 | $4,235 | $5,498 |
| Mackinaw | $1,571 | $2,596 | $3,855 | $4,916 | $6,109 |
| Manito | $533 | $1,088 | $2,061 | $3,087 | $4,138 |
| Marquette Heights | $1,281 | $1,625 | $2,075 | $2,640 | $3,212 |
| Minier | $1,216 | $2,079 | $2,881 | $3,714 | $5,231 |
| Morton | $2,374 | $3,268 | $4,224 | $6,071 | $8,508 |
| North Pekin | $643 | $1,035 | $1,489 | $2,089 | $2,849 |
| Pekin | $814 | $1,452 | $2,176 | $3,430 | $5,157 |
| South Pekin | $373 | $783 | $1,415 | $1,952 | $2,453 |
| Tremont | $1,702 | $2,647 | $3,765 | $5,082 | $7,033 |
| Washington | $1,799 | $2,511 | $3,772 | $6,067 | $8,224 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Creve Coeur | 1.61% | 2.02% | 2.29% | 2.44% | 2.57% |
| Deer Creek | 2.19% | 2.32% | 2.41% | 2.43% | 2.28% |
| Delavan | 1.71% | 2.15% | 2.40% | 2.46% | 2.53% |
| East Peoria | 2.04% | 2.37% | 2.63% | 2.81% | 2.84% |
| Green Valley | 1.41% | 1.80% | 1.99% | 2.07% | 2.08% |
| Groveland | 1.77% | 2.03% | 2.15% | 2.24% | 2.33% |
| Hopedale | 1.94% | 2.18% | 2.22% | 2.27% | 2.28% |
| Mackinaw | 2.02% | 2.24% | 2.41% | 2.46% | 2.43% |
| Manito | 1.85% | 1.86% | 2.12% | 2.26% | 2.35% |
| Marquette Heights | 1.84% | 2.12% | 2.23% | 2.36% | 2.45% |
| Minier | 1.98% | 2.39% | 2.50% | 2.55% | 2.62% |
| Morton | 2.02% | 2.18% | 2.25% | 2.32% | 2.42% |
| North Pekin | 1.31% | 1.66% | 1.93% | 2.02% | 2.09% |
| Pekin | 1.77% | 2.16% | 2.38% | 2.48% | 2.62% |
| South Pekin | 1.60% | 1.81% | 2.23% | 2.41% | 2.54% |
| Tremont | 1.96% | 2.20% | 2.26% | 2.33% | 2.40% |
| Washington | 2.21% | 2.41% | 2.54% | 2.65% | 2.70% |
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Real Estate Values in Tazewell County
The data from Redfin shows that the median home price in Tazewell County, Illinois decreased by 4.97% from October 2022 to October 2023. This indicates that the housing market in Tazewell County is cooling off, as the median home price decreased while the home inventory increased from 307 to 182. This suggests that there is more supply than demand in the area, leading to a decrease in home prices.
Average Home Value in Tazewell County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Tazewell County
Last updated: November 2023
Percent Change in New Home Listings in Tazewell County
Last updated: November 2023
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Mortgage Rates in Tazewell County
Mortgages in Tazewell County are a major part of the local economy. According to the latest statistics, there is a total of $3.2 billion in outstanding loan amounts across home mortgages in the county. This represents an impressive 20.2 thousand outstanding loans, which is a significant percentage of the total home value in the county.
The median mortgage rate in Tazewell County varies across cities. The city with the highest median mortgage rate is Creve Coeur, with a rate of 4.37%. On the other hand, the city with the lowest median mortgage rate is Marquette Heights, also with a rate of 4.37%. This indicates that there is a relatively small variation in mortgage rates across the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Tazewell County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Creve Coeur | $30,457 | $42,526 | $59,245 | $76,645 | $105,022 |
| Deer Creek | $40,625 | $57,949 | $90,169 | $126,371 | $159,591 |
| Delavan | $35,595 | $53,843 | $84,563 | $126,915 | $182,116 |
| East Peoria | $45,130 | $66,556 | $96,286 | $130,595 | $171,491 |
| Green Valley | $30,793 | $59,346 | $91,851 | $129,473 | $171,275 |
| Groveland | $54,040 | $98,211 | $140,660 | $194,567 | $262,073 |
| Hopedale | $41,413 | $65,222 | $93,788 | $133,868 | $208,550 |
| Mackinaw | $56,041 | $83,190 | $114,530 | $156,383 | $204,892 |
| Manito | $41,583 | $62,914 | $89,633 | $126,998 | $157,766 |
| Marquette Heights | $45,715 | $57,529 | $72,862 | $91,842 | $116,362 |
| Minier | $40,771 | $65,096 | $90,636 | $116,764 | $144,433 |
| Morton | $69,140 | $97,835 | $133,871 | $188,553 | $256,715 |
| North Pekin | $36,084 | $47,585 | $67,844 | $96,277 | $124,948 |
| Pekin | $40,088 | $55,313 | $78,070 | $116,043 | $172,403 |
| South Pekin | $36,226 | $50,466 | $63,378 | $86,181 | $115,024 |
| Tremont | $56,234 | $85,292 | $120,762 | $169,259 | $234,251 |
| Washington | $54,407 | $80,017 | $117,189 | $171,025 | $238,433 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Tazewell County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Creve Coeur | 2.90% | 3.56% | 4.37% | 5.62% | 6.33% |
| Deer Creek | 3.00% | 3.68% | 4.23% | 4.96% | 6.33% |
| Delavan | 3.04% | 3.50% | 4.13% | 5.01% | 6.10% |
| East Peoria | 2.90% | 3.47% | 4.06% | 5.01% | 6.18% |
| Green Valley | 2.97% | 3.54% | 4.12% | 5.03% | 6.33% |
| Groveland | 2.90% | 3.47% | 3.92% | 4.87% | 5.97% |
| Hopedale | 2.90% | 3.49% | 3.98% | 4.88% | 6.19% |
| Mackinaw | 2.90% | 3.54% | 4.12% | 5.17% | 6.22% |
| Manito | 2.99% | 3.50% | 4.13% | 5.04% | 6.15% |
| Marquette Heights | 2.99% | 3.60% | 4.37% | 5.50% | 6.31% |
| Minier | 2.97% | 3.51% | 4.00% | 4.88% | 6.27% |
| Morton | 2.90% | 3.42% | 3.96% | 4.76% | 6.05% |
| North Pekin | 2.90% | 3.50% | 4.25% | 5.21% | 6.22% |
| Pekin | 3.00% | 3.52% | 4.25% | 5.37% | 6.27% |
| South Pekin | 3.07% | 3.60% | 4.25% | 5.28% | 6.20% |
| Tremont | 2.90% | 3.49% | 4.03% | 4.90% | 6.13% |
| Washington | 2.90% | 3.47% | 4.08% | 5.04% | 6.20% |
Housing Expenses in Tazewell County, Illinois
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