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Kendall County Times

Friday, November 8, 2024

Analysis: Kendall County effective property tax rate outpaced the national average in Q1 2023

Realestate5

Property owners in Kendall County paid 2.6% of the value of their homes in property taxes in the first quarter of 2023, which is more than 2.3 times the national average, according to the real estate analysis posted by the Kendall County Times.

The median sales price of a Kendall County home in the first quarter of 2023 was $268,750, based on data from the 244 properties sold during that time. In 2021 the median tax bill for the county was $6,896, which is 2.6% of the median value of the homes that were taxed.

This is 2.3 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Kendall County real estate data showed homeowners in Millbrook, Oswego, and Montgomery paid the highest rates.

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

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Millbrook1$220,000$7,2213.3%
Oswego64$290,000$8,7283%
Montgomery22$286,750$8,5363%
Aurora5$350,000$10,2252.9%
Yorkville53$300,000$8,7172.9%
Plano26$226,500$6,2822.8%
Plainfield7$500,000$13,7752.8%
Boulder Hill28$225,000$5,8412.6%
Joliet25$300,000$7,4412.5%
Bristol2$352,500$7,0672%
Newark6$371,250$6,3371.7%
Minooka2$437,500$7,3931.7%

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