Real Estate Tax Prepayment Program

The Peoria County Treasurer is pleased to announce the continuation of the real estate prepayment program for the 2023 taxes payable in 2024. All prior years’ taxes must be current to participate in this program.

The acceptance period is from Friday, December 1, through Friday, December 29, 2023. All prepayments must be received in the office by that date. Payments received after the close of business at 5:00 p.m. on December 29 will be returned whether postmarked or not. Please plan for inclement or severe weather during this time of year.

A signed prepayment form outlining the terms of the program must accompany any payment received. The form will be available here on December 1. 

Prepayments must be at least 100%, or up to 105%, of the 2022 tax amount. It may only be paid by cash or check in a single transaction. Credit card payments will not be accepted. Cash payments exceeding $10,000 will be subject to IRS form 8300. Please do not mail cash. Prepayments must have the parcel number on the check and be noted as prepaid taxes.  This can be done by writing the information on the memo section of the check.

The prepayment will be applied to the tax amount due once the 2023 tax bills have been mailed, which is usually around the beginning of May. Any shortage will have to be paid by the respective installment due date to participate in the prepayment program and avoid any penalties. If the prepayment submitted is greater than the amount determined to be owed, the Treasurer will refund the excess as soon as practical.

The Treasurer's office strongly recommends discussing participation in this program with your accountant before participating.

Download the Application (available December 1, 2023)