Peoria, IL — income, home value, property tax, and sales tax.
In ZIP code 61517, near Peoria, homes carry a median value of $275,000, and the county's 2.24% effective property tax rate means an owner at that value pays roughly $6,160 annually. Households here earn a median of $99,886, so that tax bill equals about 6.2% of income, while per-capita income sits at $43,573. Higher earnings give buyers more capacity to absorb both mortgage costs and taxes than in many Illinois communities. Sales taxes add 7.25% at the register, a separate cost from ownership.
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