How much are property taxes in Tremont, IL?
Homeowners in Tremont, IL pay a median of $3,650 (±$248) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $3,495.
Homes without a mortgage pay a median of $3,816.
That is about 1.9% of the median home value of $187,400.
In Tremont, the median real estate tax went from $3,208 in 2015–2019 to $3,650 in 2020–2024 (+13.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $3,650 (±$248)
- With a mortgage
- $3,495
- Without a mortgage
- $3,816
- Share of median value
- 1.9%
Real estate taxes in Tremont against Tazewell County, its state and the nation
| Tremont | Tazewell County | Illinois | United States | |
|---|---|---|---|---|
| Median real estate taxes | $3,650 (±$248) | $3,536 (±$72) | $5,298 (±$22) | $3,119 |
| Homes with a mortgage | $3,495 (±$387) | $3,657 (±$101) | $5,833 (±$28) | $3,489 |
| Homes without a mortgage | $3,816 (±$510) | $3,327 (±$164) | $4,463 (±$30) | $2,576 |
| Median home value | $187,400 (±$11,469) | $167,500 (±$2,913) | $263,300 (±$797) | $332,700 |
In Tremont, the median real estate tax is not measurably different from Tazewell County ($3,536).
It is also lower than in Illinois ($5,298).
It is higher than the national figure ($3,119).
In Tazewell County, Tremont ranks 16 of 35 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 853 of 2,625.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Tremont
The median tax ($3,650) is 1.9% of the median home value ($187,400).
Across Tazewell County the same ratio is 2.1%.
Across Illinois it is 2.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Tremont have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $3,208 (±$298) | $3,650 (±$248) | +13.8% | No measurable change after inflation |
| Median home value | $164,200 (±$9,093) | $187,400 (±$11,469) | +14.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,185 (±$47) | $1,455 (±$111) | +22.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Tremont
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Tremont | — | $3,650 (±$248) | — |
| Tremont Township | 3.0 mi | $4,592 (±$620) | Higher |
| Elm Grove Township | 3.2 mi | $4,344 (±$478) | Higher |
| Morton | 6.2 mi | $4,761 (±$224) | Higher |
| Morton Township | 6.7 mi | $4,772 (±$212) | Higher |
| Dillon Township | 6.8 mi | $3,936 (±$438) | Not measurably different |
| Mackinaw | 7.0 mi | $3,301 (±$243) | Lower |
| Hopedale Township | 7.0 mi | $4,246 (±$347) | Higher |
| Groveland Township (Tazewell County) | 7.1 mi | $3,115 (±$281) | Lower |
Nearby places with a measurably lower figure: Mackinaw, IL ($3,301), Groveland Township (Tazewell County), IL ($3,115).
Nearby places with a measurably higher figure: Tremont Township, IL ($4,592), Elm Grove Township, IL ($4,344), Morton, IL ($4,761).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Tazewell County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 10 | Hopedale Township | $4,246 (±$347) |
| 11 | Mackinaw Township | $4,223 (±$211) |
| 12 | Dillon Township | $3,936 (±$438) |
| 13 | East Peoria | $3,880 (±$240) |
| 14 | Fondulac Township | $3,778 (±$280) |
| 15 | Cincinnati Township (Tazewell County) | $3,672 (±$487) |
| 16 | Tremont | $3,650 (±$248) |
| 17 | Hittle Township | $3,338 (±$1,787) |
| 18 | Mackinaw | $3,301 (±$243) |
| 19 | Deer Creek | $3,263 (±$352) |
| 20 | Little Mackinaw Township | $3,160 (±$382) |
| 21 | Spring Lake Township | $3,130 (±$288) |
| 22 | Groveland Township (Tazewell County) | $3,115 (±$281) |
Showing 13 of 35 places in Tazewell County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Tremont
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Tremont beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Tremont, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Tremont, and send estimates and invoices from your phone.
Questions about Tremont
How much are property taxes in Tremont?
The median real estate tax paid by homeowners in Tremont, IL is $3,650 (±$248) a year (2020–2024 American Community Survey).
What is the property tax rate in Tremont?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.9% of the median home value in Tremont, and the actual rate is set by the town, county and school district.
Have property taxes in Tremont gone up?
In Tremont, the median real estate tax went from $3,208 in 2015–2019 to $3,650 in 2020–2024 (+13.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Tremont higher than in Tazewell County?
In Tremont, the median real estate tax is not measurably different from Tazewell County ($3,536).
It is also lower than in Illinois ($5,298).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Tremont village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Tremont village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Tremont village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Tremont village, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Tremont village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Tremont village, Illinois (place:75965, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Tremont at a glance
- Median rent in Tremont
- Rent burden in Tremont
- Renters and owners in Tremont
- Income and affordability in Tremont
- Home values in Tremont
- Homeowner costs in Tremont
- Types of homes in Tremont
- Bedrooms in Tremont
- Age of homes in Tremont
- Heating fuel in Tremont
- Commute and cars in Tremont
- Crime reported to police in Tremont
- Population growth in Tremont
- How long people stay in Tremont
- Illinois landlord and tenant rules
- Housing across Tazewell County
- Illinois places ranked by property taxes
- Housing data for every place in Illinois