Quantcast

Kendall County Times

Thursday, November 7, 2024

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

Webp r1hk7iqa6rjprheeocy2a81o4dg6

Org Headshot Media 2023 | Kendall County

Org Headshot Media 2023 | Kendall County

Property owners in Kendall County paid 2.5% of the value of their homes in property taxes in the second quarter of 2023, which is more than 2.3 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 second quarter of 2023 was $315,000, based on data from the 409 properties sold during that time. In 2023, the median tax bill for the county was $7,862, which is 2.5% 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 Aurora, Bristol, 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 Aurora with some other cities belonging to Kendall 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
Aurora21$350,000$10,2252.9%
Bristol3$245,000$7,0672.9%
Plano49$225,000$6,2822.8%
Montgomery28$327,500$8,5362.6%
Plainfield10$540,000$13,7752.6%
Sandwich2$275,250$7,0452.6%
Oswego144$352,500$8,7282.5%
Boulder Hill23$236,000$5,8412.5%
Yorkville81$355,500$8,7172.5%
Newark10$287,000$6,3372.2%
Minooka3$340,000$7,3932.2%
Joliet25$350,000$7,4412.1%
Millbrook2$415,000$7,2211.7%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS