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Saturday, November 23, 2024

Effective property tax rate in Ogle County outpaced the national average in Q2 2023

Realestate1

Property owners in Ogle County paid 2.3% of the value of their homes in property taxes in the second quarter of 2023, which is more than 2 times the national average, according to the real estate analysis posted by NW Illinois News.

The median sales price of a Ogle County home in the second quarter of 2023 was $166,750, based on data from the 178 properties sold during that time. In 2023, the median tax bill for the county was $3,759, which is 2.3% of the median value of the homes that were taxed.

This is 2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Ogle County real estate data showed homeowners in Leaf River and Monroe Center paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Leaf River with some other cities belonging to Ogle 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
Leaf River2$57,500$2,0323.5%
Monroe Center3$110,000$3,0962.8%
Byron17$153,500$4,1102.7%
Hillcrest4$126,250$3,3472.7%
Forreston6$90,250$2,2302.5%
Davis Junction9$195,000$4,7092.4%
Stillman Valley5$175,000$4,0922.3%
Polo10$107,500$2,3212.2%
Rochelle37$160,000$3,3612.1%
Mount Morris14$118,750$2,4472.1%
Lost Nation4$222,500$4,4672%
Creston3$160,000$3,0561.9%
Oregon18$181,750$2,8421.6%
Grand Detour2$177,500$2,6831.5%

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