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Sangamon Sun

Monday, November 25, 2024

Analysis: Logan County effective property tax rate outpaced the national average in Q3 2022

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Property owners in Logan County paid 1.8% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.7 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 third quarter of 2022 was $108,000, based on data from the 149 properties sold during that time. In 2021 the median tax bill for the county was $1,983, which is 1.8% of the median value of the homes that were taxed.

This is 1.7 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 Mount Pulaski, Elkhart, and Lincoln paid the highest rates.

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

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Mount Pulaski4$40,250$1,9344.8%
Elkhart4$47,500$1,8784%
Lincoln96$95,980$2,0672.2%
Emden3$70,000$1,4872.1%
Atlanta20$132,500$1,9681.5%
New Holland2$79,000$1,2021.5%
Hartsburg2$91,750$1,1921.3%
Latham1$115,000$1,3841.2%

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