Shipman property owners paid 3.8% of their home values in property taxes during the fourth quarter of 2025, a rate that is over 4.3 times higher than the national average, BlockShopper.com reports.
Data show the median sales price for a Shipman home in the fourth quarter of 2025 was $34,125, based on two property transactions during the period. Median tax bills reached $1,291 for the city that year, which equates to 3.8% of the median taxable home value.
The average effective property tax rate in the U.S. was 0.888% in 2024.
Within Macoupin County, Palmyra, Shipman and Girard recorded the top three property tax rates among cities in the area.
The effective property tax rates presented for 2025 use estimated inflation data and rely on 2023 tax file information from the county; actual rates may vary in some situations.
According to Redfin data, U.S. home prices kept rising in 2025, with the national median at about $447,000 as of June—an increase of 1.13% over the prior year. Redfin also reported a significant supply-demand gap, with 36% more homes listed for sale than buyers—a difference of 508,715. In Redfin’s definition, a balanced market sees the number of buyers and sellers within a 10% margin.
The table below offers a comparison of Palmyra’s median effective property tax rate to other Macoupin County cities, based on the fourth quarter of 2025 property sale 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% |
