Peoria Proposes Higher 2027 Property Tax Levy
Peoria proposed a 2027 property tax levy totaling 41 million dollars. Although the tax rate decreases slightly, rising property values will likely increase bills for homeowners next year.
Peoria property owners face higher property tax bills in 2027 as rising property values offset a lower tax rate. The proposed levy totals $41M, up from $39M in 2026 across the United States. Higher valuations continue to drive the increase despite the rate dropping to $1.50 per $100 of equalized assessed value.
