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Tuesday, November 26, 2024

Whiteside County effective property tax rate in Q1 2022 was higher than the national average

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Property owners in Whiteside County paid 2.3% of the value of their homes in property taxes in the first quarter of 2022, which is more than 2.1 times the national average, according to the real estate analysis posted by the NW Illinois News.

The median sales price of a Whiteside County home in the first quarter of 2022 was $95,000, based on data from the 206 properties sold during that time. In 2020 the median tax bill for the county was $2,174, which is 2.3% of the median value of the homes that were taxed.

This is 2.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Whiteside County real estate data showed homeowners in Douglas Park, Albany, and Rock Falls paid the highest rates.

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

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Douglas Park2$38,000$1,3133.5%
Albany3$80,484$2,5933.2%
Rock Falls49$80,000$2,4283%
Morrison35$92,000$2,4492.7%
Erie9$95,000$2,3442.5%
Prophetstown10$90,500$2,1302.4%
Sterling63$105,000$2,4142.3%
Fenton2$111,250$2,6042.3%
Fulton26$118,000$2,6342.2%
Lyndon1$87,000$1,8502.1%
Tampico3$136,000$1,9901.5%

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