During the fourth quarter of 2025, residents of Mount Olive paid property taxes that amounted to 2% of their home values—over 2.3 times the U.S. effective average, BlockShopper.com reports.
Mount Olive’s median home sales price in that quarter was $75,000, based on 10 properties sold. The city’s median tax bill during 2025 was $1,508, equal to 2% of the median assessed value.
Nationwide, the average effective property tax rate was 0.888% in 2024.
Within Macoupin County, Palmyra, Shipman, and Girard held the three highest tax rates.
The effective property tax rate for 2025 referenced here is calculated using estimated inflation figures and 2023 county-provided tax data; actual effective rates in some cases may differ slightly.
Data from Redfin show U.S. home prices continued to rise in 2025, with the national median around $447,000 in June, up 1.13% from a year earlier. The data also highlights a notable imbalance in supply and demand, with 36% more properties listed than buyers—a difference of 508,715 homes. According to Redfin, a balanced market has seller and buyer numbers within 10% of each other.
The table below displays how Palmyra compares with other Macoupin County cities in terms of median effective property tax rates, leagues calculated using fourth-quarter 2025 sales and tax figures.
| 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% |
