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Kendall County Times

Thursday, November 21, 2024

Analysis: Kendall County effective property tax rates outpaced the national average in Q4 2023

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Org Headshot Media 2023 | Kendall County

Org Headshot Media 2023 | Kendall County

Property owners in Kendall County paid 2.7% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 2.4 times the national average, according to the real estate analysis posted by Kendall County Times.

The median sales price of a Kendall County home in the fourth quarter of 2023 was $294,500, based on data from the 340 properties sold during that time. In 2023, the median tax bill for the county was $7,862, which is 2.7% of the median value of the homes that were taxed.

This is 2.4 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 Montgomery and Plano 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 Montgomery with some other cities belonging to Kendall County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Montgomery29$275,000$8,5363.1%
Plano36$224,000$6,2822.8%
Aurora11$385,000$10,2252.7%
Yorkville70$321,500$8,7172.7%
Bristol3$258,000$7,0672.7%
Plainfield4$539,000$13,7752.6%
Oswego112$350,000$8,7282.5%
Boulder Hill23$235,000$5,8412.5%
Newark9$250,000$6,3372.5%
Joliet29$328,000$7,4412.3%
Minooka11$325,000$7,3932.3%

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