During the fourth quarter of 2025, homeowners in Gillespie paid property taxes amounting to 1.2% of their homes’ value, which is more than 1.4 times the national average, BlockShopper.com reports.
Data from 13 properties sold show that the median sales price of a Gillespie home in the fourth quarter of 2025 was $107,500. The city’s median tax bill for the year was $1,297, accounting for 1.2% of the median home value.
The average effective property tax rate nationwide stood at 0.888% in 2024.
Within Macoupin County, Palmyra, Shipman, and Girard recorded the three highest effective property tax rates.
This article determines the 2025 effective property tax rate based on estimated inflation and 2023 county tax data. The actual rate may differ slightly in some circumstances.
U.S. home prices rose again in 2025, with the national median hitting roughly $447,000 in June, up 1.13% from the previous year, according to Redfin. The data also indicate a pronounced supply-demand gap, with 36% more sellers than buyers—a difference of 508,715 homes. By Redfin’s criteria, a balanced market means sellers and buyers are within 10% of each other.
The table below compares Palmyra and other Macoupin County cities by their median effective property tax rate, using sales prices and tax data from the fourth quarter of 2025.
| City | Q4 2025 Sales | Q4 2025 Median Price | Median tax 2025 | Effective tax rate |
|---|---|---|---|---|
| Palmyra | 3 | $7,500 | $805 | 10.7% |
| Shipman | 2 | $34,125 | $1,291 | 3.8% |
| Girard | 7 | $50,000 | $1,493 | 3% |
| Bunker Hill | 7 | $105,900 | $2,161 | 2% |
| Mount Olive | 10 | $75,000 | $1,508 | 2% |
| Virden | 17 | $100,000 | $1,655 | 1.7% |
| Brighton | 9 | $148,000 | $2,426 | 1.6% |
| Carlinville | 21 | $132,000 | $1,840 | 1.4% |
| Wilsonville | 4 | $62,353 | $794 | 1.3% |
| Gillespie | 13 | $107,500 | $1,297 | 1.2% |
| Staunton | 28 | $149,950 | $1,604 | 1.1% |
| Benld | 9 | $87,000 | $852 | 1% |
| Medora | 2 | $120,450 | $957 | 0.8% |
