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Kendall County Times

Thursday, April 18, 2024

Analysis: Yorkville pays property taxes two times national average

Yorkville

This four-bedroom home, 1182 Taus Cir,has a property tax bill of $12,257. | zillow.com

This four-bedroom home, 1182 Taus Cir,has a property tax bill of $12,257. | zillow.com

Property owners in Yorkville paid almost three percent of the  value of their homes in taxes last year. That’s more than two times the  national average, according to an LGIS analysis of real estate sales data in Kendall County from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes the Kendall County Times.

Yorkville,  population 18,833, recorded a median sale price of $230,000, based on  data from the 190 properties sold during the first half of 2018. In 2017,  homeowners paid a median property tax bill of $6,818, according to  county tax data from the Kendall County Assessment Office.

That’s 2.96 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put  another way: a $230,000 home in Indiana, where the effective rate is  0.89 percent, would have a property tax bill of about $2,047 or more  than $4,000 less per year.

The analysis, including 12 Kendall  County communities with more than five sales since January, shows  homeowners in Aurora, Minooka, Plano, Plainfield pay the highest  property taxes in the county, each clocking in with effective rates  higher than 3 percent.

Yorkville, Oswego, Montgomery, Bristol and Newark all have rates higher than 2.75 percent.

Illinois  homeowners pay the second-highest property taxes in the country with an  effective median rate of 2.32 percent, just behind those in New  Jersey's (2.28 percent).

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Kendall County communities paying the highest effective property tax rates

The  following table ranks Kendall County communities by their median  effective property tax rate, calculated using sales and property tax  data from 2018.

City

      Jan - June

      2018 Sales

Jan - June 2018

Median Price

2017 Median tax

Effective Tax

    Rate

Aurora

46

$209,250

$8,184

3.91%

Minooka

18

$186,500

$6,129

3.29%

Plano

95

$150,500

$4,817

3.20%

Plainfield

22

$357,500

$11,056

3.09%

Yorkville

190

$230,000

$6,818

2.96%

Oswego

360

$240,000

$7,074

2.95%

Montgomery

125

$228,000

$6,711

2.94%

Bristol

6

$183,750

$5,404

2.94%

Newark

10

$185,000

$5,305

2.87%

Joliet

85

$240,000

$6,043

2.52%

Boulder Hill

70

$174,000

$4,300

2.47%

Millbrook

6

$311,500

$5,910

1.90%

Source: Blockshopper.com; Kendall County Assessment Office

Kendall County median home price

The  following table ranks Kendall County communities by their median sale  price, which is calculated using prices of properties sold during the  first six months of 2018.

City

Jan - June

2017 Sales

Jan - June 2017

Median Price

Jan - June

2018 Sales

Jan - June 2018

Median Price

Change

Lisbon

1

$100,000

3

$170,000

70.00%

Millbrook

3

$205,000

6

$311,500

51.95%

Boulder Hill

91

$155,000

70

$174,000

12.26%

Joliet

133

$216,500

85

$240,000

10.85%

Oswego

408

$230,000

360

$240,000

4.35%

Yorkville

296

$220,750

190

$230,000

4.19%

Sandwich

2

$215,000

2

$221,500

3.02%

Montgomery

132

$223,000

125

$228,000

2.24%

Newark

16

$183,750

10

$185,000

0.68%

Plano

129

$150,000

95

$150,500

0.33%

Bristol

7

$185,000

6

$183,750

-0.68%

Minooka

22

$191,250

18

$186,500

-2.48%

Aurora

70

$215,500

46

$209,250

-2.90%

Plainfield

36

$405,000

22

$357,500

-11.73%

Source: Blockshopper.com; Kendall County Recorder

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