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Sunday, November 24, 2024

Analysis: Whiteside County effective property tax rates outpaced the national average in Q2

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Property owners in Whiteside County paid 2.3% of the value of their homes in property taxes in the second quarter of 2024, 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 Whiteside County home in the second quarter of 2024 was $115,950, based on data from the 218 properties sold during that time. In 2024, the median tax bill for the county was $2,608, 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 Whiteside County real estate data showed homeowners in Lyndon, Sterling, and Tampico paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Lyndon7$30,000$2,0366.8%
Sterling79$99,000$2,6572.7%
Tampico3$85,000$2,1912.6%
Rock Falls44$107,400$2,6732.5%
Morrison28$127,750$2,6962.1%
Erie9$130,000$2,5802%
Fulton16$147,250$2,8992%
Albany7$144,000$2,8552%
Prophetstown9$123,500$2,3451.9%
Como2$225,000$2,5311.1%

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