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Sangamon Sun

Saturday, May 4, 2024

Logan County effective property tax rate in Q1 2022 was higher than the national average

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Property owners in Logan County paid 2.1% the value of their homes in property taxes in the first quarter of 2022 which is more than 1.9 times the national average, according to the real estate analysis posted by the Sangamon Sun.

The median sales price of a Logan County home in the first quarter of 2022 was $94,950, based on data from the 124 properties sold during that time. In 2021 the median tax bill for the county was $1,983, which is 2.1% of the median value of the homes that were taxed.

This is 1.9 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Logan County real estate data showed homeowners in Elkhart, Latham, and Hartsburg paid the highest rates.

The following table compares Elkhart with some other cities belonging to Logan County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Elkhart2$44,700$1,8784.2%
Latham3$40,000$1,3843.5%
Hartsburg3$35,000$1,1923.4%
Atlanta8$84,950$1,9682.3%
Lincoln71$96,000$2,0672.2%
Emden2$81,000$1,4871.8%
Mount Pulaski12$127,500$1,9341.5%
New Holland1$79,900$1,2021.5%
Middletown3$72,000$8931.2%

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