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Kane County Reporter

Sunday, November 24, 2024

Kane County effective property tax rate in Q1 2023 was higher than the national average

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Property owners in Kane County paid 2.2% of the value of their homes in property taxes in the first quarter of 2023, which is more than 2 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 first quarter of 2023 was $275,000, based on data from the 1,039 properties sold during that time. In 2021 the median tax bill for the county was $6,147, which is 2.2% of the median value of the homes that were taxed.

This is 2 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 Big Rock, Maple Park, and Exposition View paid the highest rates.

The following table compares Big Rock with some other cities belonging to Kane 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
Big Rock4$135,000$7,0065.2%
Maple Park1$210,000$7,3353.5%
Exposition View2$73,050$2,5343.5%
Burlington5$215,000$7,0773.3%
West Dundee21$271,000$9,0353.3%
Kaneville2$237,500$7,1443%
Gilberts16$292,450$8,2822.8%
Pingree Grove28$272,500$7,3492.7%
Campton Hills23$422,500$11,3612.7%
St. Charles56$316,000$8,5582.7%
Geneva65$400,000$10,6242.7%
Carpentersville70$206,250$5,3412.6%
North Aurora30$292,250$7,7292.6%
Batavia45$364,500$9,3562.6%
Prestbury4$320,000$8,2762.6%
Almora Heights2$246,101$6,1862.5%
Elburn14$360,000$9,1252.5%
Sugar Grove24$372,500$9,3902.5%
Hampshire19$335,000$7,9682.4%
Elgin203$255,500$6,1772.4%
Montgomery18$232,500$5,5612.4%
Huntley37$284,900$6,6432.3%
East Dundee10$240,500$5,6402.3%
South Elgin33$350,000$7,9162.3%
Tanner Woods1$470,000$10,6002.3%
Aurora224$205,500$4,7042.3%
Algonquin23$400,000$8,8542.2%
Sleepy Hollow9$415,000$9,2842.2%
Bowes2$407,000$9,0972.2%
Lily Lake3$483,002$10,3212.1%
Marywood2$276,700$5,7552.1%
Wayne5$800,000$16,0362%
Wildrose1$576,000$10,5331.8%
Scraper-Moecherville1$219,900$2,2671%

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