Marshall County tax bills, the tax sale and the 2027 reassessment
The median Marshall County homeowner pays about $2,766 a year in real estate taxes, according to Census survey data, against a median home value of $142,800. That's an effective rate of roughly 1.9 percent. The county, school, township, fire and other districts each add their own rate to the bill. You can pay in two installments, and late taxes pick up interest of 1.5 percent a month, with any part of a month counting as a full month.
Illinois law has the collector in a county like Marshall apply for a judgment and sale order within 90 days after the second installment is due. The county sells the tax debt, not the house, at an annual sale. The Treasurer's page doesn't give a month, so call the office at 309-246-6085. The winning bidder takes the lowest penalty rate, capped at 9 percent, and you generally have up to 3 years to redeem through the County Clerk in Lacon. Township counties reassess every four years under state law, so the next general reassessment here is 2027. Ask the Assessor (309-246-2350) about the homestead exemption, up to $6,000 off your equalized value, and the senior exemption, up to $5,000 for owners 65 and older.
Foreclosure in the Tenth Judicial Circuit, heard in Lacon
Illinois mortgages can only be foreclosed through the courts. Marshall County belongs to the Tenth Judicial Circuit with Peoria, Putnam, Stark and Tazewell counties, and a foreclosure on Marshall County property would be filed in the circuit court at the courthouse in Lacon (309-246-6435). For free legal help, the Prairie State Legal Services office in Peoria covers Marshall County at (309) 674-9831.
A Marshall County case moves through the courthouse in Lacon, so call the circuit court there at 309-246-6435 with your case number to check the next date on the calendar. Two deadlines count from the day you're served: roughly 90 days to bring the loan current with costs, and a right to pay off the full debt that closes before the judicial sale. The Prairie State Legal Services office in Peoria can look over the summons with you, and the Illinois foreclosure timeline and deadline calculator lay out the later stages, from the sale to the confirmation hearing.
River towns and prairie villages
Marshall County had an estimated 11,473 residents in 2025. About 79 percent of occupied homes are owner-occupied. The Illinois River splits the county into a west bank and an east bank, with open prairie farther east.
Values shift with that geography, though small Census samples make every town figure rough. Hopewell, west of the river, is highest at $182,700, and Sparland, also on the west bank, is lowest at $83,600. On the east bank, Lacon ($121,900) and Henry ($117,000) sit in the middle, and the prairie towns of Toluca, Wenona and Varna run $89,300 to $113,500. Check the figure for the town closest to your home rather than leaning on the county median. Washburn is mostly a Woodford County town, so confirm which county your home is in, since that decides the assessor, treasurer and court.
The math on a $166,250 Marshall County sale
Illinois REALTORS put the Marshall County median sale price at $166,250 for the second quarter of 2026, on 28 closed sales, down 8.5 percent from a year earlier. The statewide median was $335,000. Here's a rough look at a traditional listing at that price:
- Agent commission at about 4.9 percent (Clever's Illinois average, updated September 2026): roughly $8,100
- Closing costs at about 1.2 percent: roughly $2,000
- State transfer tax at $0.50 per $500: about $170
That's roughly $10,300 before your mortgage payoff or repairs. Who pays the transfer tax is negotiable, so ask your closing attorney how it's split in your contract. If you inherited the house, the inherited house guide covers the Illinois steps.
If the property is a fit, a cash buyer may make an offer and you pick the closing date. Listing with an agent is also a fine choice, especially for a well-kept home in a higher-value town like Hopewell. If a foreclosure deadline is pressing, the page on selling to stop a foreclosure lays out the options.
Marshall County and nearby Peoria-area pages
Marshall County has no town pages yet, so here are nearby Peoria-area pages.
- Peoria: home to the Prairie State Legal Services office serving Marshall
- Peoria County: the Tenth Circuit's chief judge sits at the Peoria County Courthouse
- Tazewell County: shares the Tenth Judicial Circuit and the Peoria legal aid office
- Woodford County: most of Washburn lies on this side
- Stark County: another Tenth Judicial Circuit county
- All Illinois pages: the statewide directory of county and city pages
Sources: Census Reporter, Marshall County profile; Census Reporter, Marshall County real estate taxes paid (B25103); Census Reporter, Marshall County town home values (B25077); Census Bureau, county population estimates; Marshall County Treasurer; Marshall County Assessor; Illinois Property Tax Code (35 ILCS 200); Illinois Code of Civil Procedure, mortgage foreclosure article (735 ILCS 5); Illinois Courts, circuit court chief judges; Prairie State Legal Services offices; Illinois REALTORS Q2 2026 county statistics; Clever commission survey