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Kane County Reporter

Wednesday, November 27, 2024

Effective property tax rate in Kane County outpaced the national average in Q3 2022

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Property owners in Kane County paid 2% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.8 times the national average, according to the real estate analysis posted by the Kane County Reporter.

The median sales price of a Kane County home in the third quarter of 2022 was $305,000, based on data from the 2,019 properties sold during that time. In 2021 the median tax bill for the county was $6,147, which is 2% of the median value of the homes that were taxed.

This is 1.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Kane County real estate data showed homeowners in Algonquin, Pingree Grove, and Gilberts paid the highest rates.

The following table compares Algonquin with some other cities belonging to Kane County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Algonquin37$310,500$8,3112.7%
Pingree Grove42$252,750$6,8982.7%
Gilberts42$294,225$7,7742.6%
Maple Park4$272,500$6,8842.5%
Elburn30$348,500$8,5642.5%
North Aurora52$285,000$7,2552.5%
Wayne5$630,000$15,0512.4%
East Dundee16$226,000$5,2932.3%
Bowes2$376,500$8,5382.3%
Rainbow Hills2$363,000$8,2732.3%
Geneva159$440,125$9,9722.3%
Carpentersville148$225,000$5,0132.2%
Elgin360$265,000$5,7982.2%
South Elgin77$345,000$7,4302.2%
Batavia101$395,000$8,7812.2%
Sugar Grove55$395,000$8,8142.2%
West Dundee26$403,950$8,4802.1%
Sleepy Hollow18$412,500$8,7142.1%
St. Charles114$386,500$8,0322.1%
Montgomery33$248,000$5,2192.1%
Hampshire34$380,000$7,4792%
Campton Hills71$530,000$10,6632%
Novak Park3$419,000$8,2422%
Aurora397$230,000$4,4161.9%
Big Rock8$338,750$6,5761.9%
Huntley66$344,950$6,2351.8%
Tanner Woods1$540,000$9,9491.8%
Prestbury9$435,000$7,7681.8%
Almora Heights2$347,450$5,8071.7%
Marywood5$315,000$5,4011.7%
Five Island Park1$282,567$4,2131.5%
Kaneville1$450,000$6,7051.5%
Exposition View2$159,500$2,3791.5%
Burlington3$500,000$6,6421.3%
Lily Lake6$720,000$9,6881.3%
Fox River Estates2$435,000$5,2391.2%
Scraper-Moecherville2$191,000$2,1281.1%

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