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Saturday, November 23, 2024

Whiteside County effective property tax rate in Q2 2023 was higher than the national average

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Property owners in Whiteside County paid 2.4% of the value of their homes in property taxes in the second quarter of 2023, which is more than 2.2 times the national average, according to the real estate analysis posted by NW Illinois News.

The median sales price of a Whiteside County home in the second quarter of 2023 was $104,000, based on data from the 249 properties sold during that time. In 2023, the median tax bill for the county was $2,522, which is 2.4% of the median value of the homes that were taxed.

This is 2.2 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 Lyndon, Rock Falls, and Tampico paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Lyndon8$31,000$1,9696.4%
Rock Falls61$79,900$2,5843.2%
Tampico3$75,000$2,1182.8%
Erie6$91,000$2,4942.7%
Sterling81$95,000$2,5692.7%
Yeoward Addition4$48,450$1,2072.5%
Fulton24$130,000$2,8032.2%
Prophetstown9$118,000$2,2671.9%
Morrison33$150,000$2,6061.7%
Albany5$175,000$2,7601.6%
Douglas Park2$102,450$1,3971.4%
Fenton2$192,450$2,7721.4%
Como5$215,900$2,4471.1%

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