Glasford, Peoria County, Illinois Property Taxes
Property Taxes in Glasford, Illinois
Median Glasford, Illinois effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Glasford, Illinois home value: $111,705
Median annual Glasford, Illinois tax bill: $2,533, $133 higher than the national median property tax bill of $2,400.
How are property taxes in Peoria calculated?
Property taxes in Glasford, Illinois 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 Glasford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glasford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Glasford, Peoria County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.44%
Estimate Property Tax Bill
$2,726
$2,529
How Does the Glasford Property Tax Calculator Work?
Use this Glasford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Glasford's median effective tax rate of 2.44% — based on actual property records in Peoria County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Glasford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Glasford: rates range from 2.44% in 61533 to 2.44% in 61533, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Glasford.
About Glasford Property Taxes
About Property Taxes in Glasford, Peoria, Illinois
Glasford’s median effective property tax rate of 2.44% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Peoria County base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Glasford. Homeowners in the 61533 ZIP code carry a median effective rate of 2.44%, while those in the same ZIP code also pay 2.44%. This reflects how school district boundaries and local assessment districts are drawn across Peoria County. Understanding where you live in Glasford can make a meaningful difference to your annual tax bill.
Glasford homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Glasford, Peoria County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Glasford's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Glasford Tax Rate
2.44%
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 Peoria County Tax Rate
2.62%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Glasford, Peoria County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61533 | 1.80% | 2.20% | 2.44% | 2.67% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Glasford, Peoria County, Illinois
When examining property taxes in Glasford, Illinois, 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.
Assessment notices:
In Peoria County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Glasford.
For example, the median home price in Glasford is $111,705, with tax bills ranging significantly across the county. 61533 has the highest median home price at $111,705.
Property Tax Assessment Values Across Glasford, Peoria County, Illinois
Source: Ownwell
$1,440
$145,470
$289,500
Median Glasford Market Value
$111,705
Median Peoria County Market Value
$109,950
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Glasford, Peoria County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61533 | $24,519 | $71,535 | $111,705 | $174,862 | $239,778 |
Source: Ownwell
Property Tax Bills Across Glasford, Peoria County, Illinois
Property tax bills in Glasford are based on the assessed value of a home and the local tax rate set by taxing authorities in Peoria County. When a property’s market value changes, the assessed value can change too, which affects the final bill homeowners receive. Local budgets for schools, roads, and other services also play a role in determining how much tax is owed.
For a home with a median value of $111,705, the property tax bill can vary widely depending on the assessment and location. The 25th percentile tax bill is $1,504, while the 75th percentile is $4,085 and the 90th percentile reaches $5,929. The median tax bill in the area is $2,533, which is above the national median property tax bill of $2,400 and slightly above the national median property tax rate of 1.02%.
For homeowners, this means a higher assessed value can lead to a larger annual bill, making it important to understand how local assessments affect overall housing costs.
Median Glasford Tax Bill
$2,533
Median Peoria County Tax Bill
$2,655
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Glasford, Peoria County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61533 | $570 | $1,504 | $2,533 | $4,085 | $5,929 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Peoria Tax Assessor | |
| Website | propertytax.peoriacounty.gov |