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South Central Reporter

Saturday, November 23, 2024

Effective property tax rate in Macoupin County outpaced the national average in Q4 2022

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Property owners in Macoupin County paid 1.6% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2022 was $79,950, based on data from the 162 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 East Gillespie and Mount Olive paid the highest rates.

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

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
East Gillespie1$30,000$1,3144.4%
Mount Olive8$50,000$1,3242.6%
Gillespie14$46,375$1,1112.4%
Benld12$33,000$7902.4%
Palmyra3$31,500$7402.3%
Carlinville18$84,750$1,5781.9%
Virden14$77,450$1,4971.9%
Bunker Hill11$113,500$1,9321.7%
Staunton27$87,500$1,4931.7%
Brighton7$150,000$2,3581.6%
Shipman4$87,500$1,2491.4%
Wilsonville4$51,000$6431.3%
Girard8$130,500$1,3471%
Medora2$126,750$8920.7%
Lake Ka-Ho2$77,500$3540.5%
Sawyerville1$190,000$7740.4%

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