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South Central Reporter

Monday, November 25, 2024

Analysis: Macoupin County effective property tax rate outpaced the national average in Q3 2022

Realestate077

Property owners in Macoupin County paid 1.6% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.4 times the national average, according to the real estate analysis posted by the South Central Reporter.

The median sales price of a Macoupin County home in the third quarter of 2022 was $82,000, based on data from the 206 properties sold during that time. In 2018 the median tax bill for the county was $1,280, which is 1.6% of the median value of the homes that were taxed.

This is 1.4 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Macoupin County real estate data showed homeowners in Medora, Girard, and Wilsonville paid the highest rates.

The following table compares Medora with some other cities belonging to Macoupin County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Medora3$3,000$89229.7%
Girard12$46,750$1,3472.9%
Wilsonville5$23,000$6432.8%
Bunker Hill11$91,000$1,9322.1%
Carlinville30$76,500$1,5782.1%
Virden21$80,000$1,4971.9%
Mount Clare1$50,000$9371.9%
Staunton37$81,000$1,4931.8%
Shipman1$72,000$1,2491.7%
Brighton6$136,000$2,3581.7%
Mount Olive8$82,250$1,3241.6%
White City3$59,792$8651.4%
Gillespie23$82,000$1,1111.4%
Sawyerville2$81,000$7741%
Benld5$78,500$7901%
Palmyra4$77,000$7401%
East Gillespie1$219,900$1,3140.6%

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