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South Central Reporter

Monday, November 18, 2024

Macoupin County effective property tax rate in Q1 2023 was higher than the national average

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Property owners in Macoupin County paid 1.5% of the value of their homes in property taxes in the first quarter of 2023, 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 first quarter of 2023 was $85,000, based on data from the 133 properties sold during that time. In 2018 the median tax bill for the county was $1,280, which is 1.5% 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 Lake Ka-Ho, White City, and Girard paid the highest rates.

The following table compares Lake Ka-Ho with some other cities belonging to Macoupin 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
Lake Ka-Ho1$13,000$3792.9%
White City4$41,750$9262.2%
Girard5$65,000$1,4422.2%
Gillespie10$56,250$1,1892.1%
Brighton5$118,000$2,5252.1%
Staunton23$86,000$1,5991.9%
Shipman2$72,500$1,3371.8%
East Gillespie4$84,500$1,4071.7%
Virden12$96,000$1,6031.7%
Bunker Hill8$125,450$2,0691.6%
Carlinville21$115,000$1,6901.5%
Mount Olive5$112,000$1,4181.3%
Benld8$70,000$8461.2%
Wilsonville1$279,900$6890.2%

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