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Kane County Reporter

Sunday, December 22, 2024

Kane County effective property tax rate in Q2 was higher than the national average

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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 2.1% of the value of their homes in property taxes in the second quarter of 2024, 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 2024 was $340,000, based on data from the 1,515 properties sold during that time. In 2024, the median tax bill for the county was $7,038, which is 2.1% 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 Marywood, Williamsburg Green, and Maple Park paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Marywood 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Marywood3$125,000$5,5374.4%
Williamsburg Green2$414,500$15,3363.7%
Maple Park5$221,068$7,5603.4%
Big Rock4$207,500$6,6273.2%
Algonquin21$315,000$8,8402.8%
Gilberts25$333,000$8,2182.5%
Hampshire32$342,500$8,1262.4%
Burlington2$303,750$7,1662.4%
South Elgin49$325,000$7,9622.4%
Pingree Grove37$310,000$7,2832.3%
Geneva127$462,000$10,5902.3%
West Dundee22$413,500$9,0352.2%
St. Charles109$400,000$8,6132.2%
Elburn30$410,000$9,1422.2%
Wayne6$748,750$16,5232.2%
Novak Park2$403,100$8,8002.2%
North Aurora40$350,000$7,7582.2%
Batavia92$428,750$9,5012.2%
Carpentersville96$249,000$5,2802.1%
Elgin268$300,500$6,2302.1%
Sugar Grove36$450,000$9,5752.1%
Huntley73$337,500$6,6612%
Rainbow Hills2$462,500$9,0362%
Prestbury10$411,500$8,1992%
Montgomery22$277,350$5,5162%
East Dundee15$305,000$5,6911.9%
Sleepy Hollow9$479,000$9,2631.9%
Campton Hills31$630,000$11,5481.8%
Aurora255$254,000$4,6881.8%
Fox River Estates3$335,000$5,7001.7%
Almora Heights2$411,250$6,4961.6%
Wildrose2$688,500$10,7771.6%
Lily Lake6$683,000$10,5121.5%
Scraper-Moecherville4$195,000$2,2041.1%

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