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Kane County Reporter

Monday, November 25, 2024

Analysis: Kane County effective property tax rates outpaced the national average in Q2 2023

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Kane County Recorder Sandy Wegman (2023) | The Kane County Recorder’s Office

Kane County Recorder Sandy Wegman (2023) | The Kane County Recorder’s Office

Property owners in Kane County paid 2.2% of the value of their homes in property taxes in the second quarter of 2023, which is more than 1.9 times the national average, according to the real estate analysis posted by Kane County Reporter.

The median sales price of a Kane County home in the second quarter of 2023 was $315,000, based on data from the 1,498 properties sold during that time. In 2023, the median tax bill for the county was $6,782, which is 2.2% of the median value of the homes that were taxed.

This is 1.9 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 Kaneville and Maple Park paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Kaneville with some other cities belonging to Kane 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
Kaneville2$53,250$6,84912.9%
Maple Park5$250,000$7,2852.9%
Gilberts19$305,000$7,9192.6%
Big Rock2$246,125$6,3862.6%
Elburn29$365,000$8,8102.4%
Sugar Grove40$383,500$9,2272.4%
Pingree Grove38$305,250$7,0182.3%
South Elgin53$330,000$7,6732.3%
Geneva122$449,500$10,2052.3%
Batavia81$400,000$9,1552.3%
Prestbury8$347,500$7,9012.3%
Algonquin16$387,500$8,5182.2%
Carpentersville109$235,000$5,0882.2%
East Dundee18$254,750$5,4842.2%
West Dundee19$393,000$8,7062.2%
Bowes3$399,000$8,7602.2%
Almora Heights3$283,000$6,2592.2%
North Aurora50$333,000$7,4762.2%
Hampshire32$377,500$7,8312.1%
Elgin263$280,000$6,0032.1%
Williamsburg Green2$696,500$14,7782.1%
St. Charles94$402,250$8,3002.1%
Tanner Woods3$470,000$10,0392.1%
Sleepy Hollow9$443,500$8,9262%
Lily Lake3$505,000$10,1302%
Wildrose2$517,500$10,3852%
Aurora286$230,000$4,5182%
Huntley55$339,900$6,4191.9%
Montgomery26$276,500$5,3161.9%
Campton Hills34$606,229$11,1281.8%
Burlington3$435,000$6,9051.6%
Marywood4$335,000$5,3361.6%
Fox River Estates2$680,000$5,4930.8%

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