Quantcast

Sangamon Sun

Wednesday, November 13, 2024

Effective property tax rate in Sangamon County outpaced the national average in Q2

Re 14

Property owners in Sangamon County paid 2% of the value of their homes in property taxes in the second quarter of 2024, 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 second quarter of 2024 was $150,000, based on data from the 875 properties sold during that time. In 2024, the median tax bill for the county was $2,974, 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 Pleasant Plains, Spaulding, and Southern View paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Pleasant Plains with some other cities belonging to Sangamon County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Pleasant Plains8$140,000$3,7532.7%
Spaulding3$155,000$3,9242.5%
Southern View16$94,000$2,3352.5%
Williamsville7$195,000$4,4792.3%
Divernon2$101,000$2,1922.2%
Dawson3$159,500$3,3812.1%
Cantrall3$205,000$4,2322.1%
Springfield700$140,000$2,8102%
Loami4$131,500$2,6512%
Rochester16$238,500$4,4601.9%
Illiopolis2$102,500$1,9031.9%
Sherman14$262,500$4,9581.9%
Riverton9$150,000$2,8911.9%
Pawnee7$150,000$2,9201.9%
Chatham53$240,000$4,3451.8%
New Berlin10$215,000$3,6261.7%
Auburn15$160,000$2,2551.4%

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