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Sunday, November 17, 2024

Logan County effective property tax rate in Q3 2023 was higher than the national average

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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 2.4% of the value of their homes in property taxes in the third quarter of 2023, 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 third quarter of 2023 was $92,750, based on data from the 114 properties sold during that time. In 2023, the median tax bill for the county was $2,261, which is 2.4% 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, Emden, and Lincoln paid the highest rates.

The above article calculates the effective property tax rate for 2023 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 third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Mount Pulaski8$66,750$2,0613.1%
Emden4$52,500$1,5843%
Lincoln65$92,000$2,2032.4%
Elkhart5$100,000$2,0012%
Atlanta14$117,500$2,0971.8%
Hartsburg2$70,000$1,2701.8%
New Holland2$76,250$1,2811.7%

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