Troy, IL · Updated Oct 2026

What a Troy home costs each year

Property tax, water, trash and energy from public rates. Look up your address to make it yours, and see how to pay less.

Suggestions as you type come from Google; the lookup uses free public map services to find who serves it. Not stored unless you save your house.

Example · a Troy house

$9,225a year · $769 a month

Starts at $89,333 of value before exemptions. Typical use.

Property tax$5,766
6.919% of $89,333, less $6,000 general homestead exemption
Electricity$1,959
853.4 kWh a month $1,959
Water and sewer$1,216
7,000 gallons a month on City of Troy Water: water $52, sewer $50 a month
Trash$284
Residential trash and recycling, $24 a month
Home insuranceNot included
We don't have a typical premium for this city yet. Add yours with Adjust.

A typical Troy house costs about $9,200 a year: $5,770 property tax and charges, $1,220 water and sewer, $280 trash, $1,960 electricity; home insurance is not included (no typical premium yet). Estimated from public rates, not anyone's actual bill.

Rates checked Oct 30, 2026. Insurance: what you enter, or a typical premium until you do. Sources are listed at the bottom.

Ways to pay less

Nothing here applies to every house automatically. These are worth checking:

Seniors 65+: senior homestead exemption
The Senior Citizens Homestead Exemption is a $5,000 reduction in the EAV of the property.
How: File Form PTAX-324.
Seniors with household income under $65,000: assessment freeze
Allows senior citizens with a total household maximum income of less than $65,000 to keep their home's EAV at the base year.
How: Apply every year (PTAX-340) with the Chief County Assessment Office.
Disabled owners: person with disabilities exemption
Reduces the EAV by $2,000 only if the primary residence is owned and occupied by a disabled person that is liable for the payment of property taxes.
Seniors: discounted trash rate
The contract sets a discounted trash and recycling rate for seniors, $17.21 at the start, rising 3% each May 1.

Money dates

December 9, 2026in 35 daysFourth installment

Who serves this house

Water: City of Troy Water; In-town rates; the base rate covers up to 2,000 gallons per month.
Property tax: 6.92% of value; 2025 tax year (payable 2026), Madison County
Garbage: Republic Services (Allied Waste); The City of Troy and Allied Waste (Republic) Service have enjoyed a working relationship since 1996.
Sewer: City of Troy; Sewer cost is calculated for residential use based on metered water usage.
Electricity: Homefield Energy (City aggregation); Troy's aggregation supplier is Homefield Energy at 12.99 cents per kWh, term June 2026 - May 2027.

Pay or manage your bills

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How these numbers are made

Property tax uses Madison County's 2025 rates (payable 2026) for tax code 056 (City of Troy, Troy Fire, Tri-Township Park and Library, Triad CUSD 2): nine bodies, 6.9189 per $100 of EAV. Other codes (outside the city fire district, TIF) are not modelled.
Starting value is one third of the Census median value ($268,000 / 3); the $6,000 general homestead exemption comes off it.
Water (in-town, May 2026 schedule): $18.61 covers the first 2,000 gallons; then $6.98 per 1,000 gallons to 11,000 and $5.43 above (the city lists 0.00698 and 0.00543 per gallon). Sewer: $15.77 for the first 2,000 gallons of water used plus $7.17 per 1,000 gallons above.
Trash: the 2020 Republic contract sets $20.41 per household from May 1, 2021, raised 3% each May 1 from 2022; $23.66 is $20.41 raised five times (May 2022-May 2026). The city has not published the current figure; it is billed by the city, with water.
Electric: Homefield supply 12.99 cents/kWh (June 2026 - May 2027) plus Ameren Illinois non-summer delivery per kWh and the customer and meter charges, all twelve months. Typical kWh = EIA 2024 Ameren Illinois residential average. Customers may opt out. Gas is not modelled.
Nothing here is legal, tax or insurance advice.

Sources

How Troy compares

A typical Troy house against the 132 Illinois cities we cover, using the same default numbers as the total above.

Per year	Troy	Median	Where it falls
Property tax rate	6.92%	8.23%	lower than 114 of the other 131 Illinois cities we cover
Water	$620	$872	lower than 108 of the other 131 Illinois cities we cover
Sewer and utility-bill fees	$596	$535	higher than 74 of the other 123 Illinois cities we cover
Trash	$284	$283	higher than 64 of the other 127 Illinois cities we cover
Electricity and gas	$1,959	$2,163	lower than 87 of the other 131 Illinois cities we cover
Total	$9,225	$11,701	lower than 109 of the other 131 Illinois cities we cover

Cities bill differently (some put trash on the tax bill, some cover more services), so a higher number isn't necessarily worse. The property tax rate is compared instead of dollars because house values differ.

Questions to ask your candidates

Each one starts from a number above. Any candidate can answer them.

1. Property tax rate

The fact: Troy's property tax rate is 6.92%, lower than 114 of the other 131 Illinois cities we cover. The rate adds up every agency on the bill, not only the city.

Ask: "Property tax in Troy is 6.92%, lower than 114 of the other 131 Illinois cities we cover. What should that money pay for first, and would you change anything about how it is set?"

2. Water

The fact: Water here costs about $620 a year at typical use, lower than 108 of the other 131 Illinois cities we cover.

Ask: "Water here costs about $620 a year at typical use, lower than 108 of the other 131 Illinois cities we cover. What drives that cost, and would you change anything?"

Common questions about Troy house costs

What is the property tax rate in Troy?

About 6.92% of the value before exemptions a year (2025 tax year (payable 2026), Madison County), plus flat charges on the same bill.

How much is property tax on a $500,000 house in Troy?

About $34,179 a year on $500,000 of the value before exemptions with the general homestead exemption.

How much is the water bill in Troy?

About $101 a month for water and sewer at typical use (7,000 gallons a month) on City of Troy Water.

How much does trash pickup cost in Troy?

$24 a month for a house.

Can seniors lower their property tax or bills in Troy?

Yes. Seniors 65+: senior homestead exemption: The Senior Citizens Homestead Exemption is a $5,000 reduction in the EAV of the property.

How much does a house in Troy cost to run each year?

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