Quantcast

Sangamon Sun

Saturday, November 23, 2024

Analysis: Logan County effective property tax rates outpaced the national average in Q1

Webp r34tzrfjphahpt2jkun9yv5t5ltd

Logan County Il Clerk And Recorder Theresa Moore (2023) | Logan County Illinois

Logan County Il Clerk And Recorder Theresa Moore (2023) | Logan County Illinois

Property owners in Logan County paid 2.5% of the value of their homes in property taxes in the first quarter of 2024, which is more than 2.2 times the national average, according to the real estate analysis posted by Sangamon Sun.

The median sales price of a Logan County home in the first quarter of 2024 was $95,000, based on data from the 109 properties sold during that time. In 2024, the median tax bill for the county was $2,340, which is 2.5% of the median value of the homes that were taxed.

This is 2.2 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, Lincoln, and Atlanta paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Mount Pulaski8$85,000$2,1332.5%
Lincoln71$95,000$2,2802.4%
Atlanta7$159,900$2,1711.4%
Middletown2$79,500$9851.2%
Elkhart2$351,000$2,0720.6%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS