Quantcast

Sangamon Sun

Sunday, November 17, 2024

Effective property tax rate in Sangamon County outpaced the national average in Q3 2023

Realestate077

Property owners in Sangamon County paid 2% of the value of their homes in property taxes in the third quarter of 2023, which is more than 1.8 times the national average, according to the real estate analysis posted by Sangamon Sun.

The median sales price of a Sangamon County home in the third quarter of 2023 was $141,000, based on data from the 856 properties sold during that time. In 2023, the median tax bill for the county was $2,875, which is 2% of the median value of the homes that were taxed.

This is 1.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Sangamon County real estate data showed homeowners in Cantrall, Pawnee, and Riverton paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Cantrall with some other cities belonging to Sangamon 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
Cantrall2$76,500$4,0915.3%
Pawnee10$94,500$2,8233%
Riverton12$106,250$2,7952.6%
Williamsville6$183,500$4,3302.4%
Illiopolis4$78,500$1,8402.3%
Spaulding3$166,000$3,7932.3%
Pleasant Plains6$163,250$3,6272.2%
Southern View14$102,500$2,2572.2%
New Berlin15$167,000$3,5062.1%
Rochester17$212,000$4,3112%
Springfield660$133,900$2,7172%
Thayer6$61,750$1,1181.8%
Sherman13$265,000$4,7921.8%
Auburn14$128,250$2,1801.7%
Dawson2$207,500$3,2681.6%
Chatham48$261,000$4,2001.6%
Divernon10$147,500$2,1191.4%
Loami4$187,250$2,5621.4%
Buffalo3$170,500$2,2581.3%
Mechanicsburg3$230,000$2,0290.9%

MORE NEWS