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South Central Reporter

Monday, November 18, 2024

Analysis: Clinton County effective property tax rate outpaced the national average in Q1 2023

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Property owners in Clinton County paid 2.1% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.9 times the national average, according to the real estate analysis posted by the South Central Reporter.

The median sales price of a Clinton County home in the first quarter of 2023 was $128,250, based on data from the 88 properties sold during that time. In 2020 the median tax bill for the county was $2,650, which is 2.1% of the median value of the homes that were taxed.

This is 1.9 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Clinton County real estate data showed homeowners in Hoffman, New Baden, and Beckemeyer paid the highest rates.

The following table compares Hoffman with some other cities belonging to Clinton County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Hoffman1$40,000$1,8184.5%
New Baden7$88,000$3,2673.7%
Beckemeyer3$64,000$1,8142.8%
Germantown2$107,500$2,9282.7%
Centralia3$25,000$6652.7%
Breese14$155,450$3,8262.5%
Trenton8$140,000$3,1872.3%
Bartelso4$165,000$3,2061.9%
Carlyle11$131,000$2,0841.6%
Aviston7$305,000$3,4561.1%
Damiansville1$529,419$3,2940.6%

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