Quantcast

Kankakee Times

Saturday, November 23, 2024

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

Re 11

Property owners in Kankakee County paid 2.1% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.9 times the national average, according to the real estate analysis posted by the Kankakee Times.

The median sales price of a Kankakee County home in the third quarter of 2022 was $170,750, based on data from the 510 properties sold during that time. In 2021 the median tax bill for the county was $3,591, 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 Kankakee County real estate data showed homeowners in Sun River Terrace, Buckingham, and St. Anne paid the highest rates.

The following table compares Sun River Terrace with some other cities belonging to Kankakee 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
Sun River Terrace2$7,250$1,28917.8%
Buckingham2$94,450$3,5523.8%
St. Anne3$73,869$2,6613.6%
Reddick3$117,000$3,4402.9%
Essex8$128,250$3,5402.8%
Herscher7$159,900$4,0762.5%
Kankakee174$128,500$3,0822.4%
Manteno52$286,950$6,4632.3%
Bradley85$165,000$3,7742.3%
Bourbonnais99$240,000$4,9472.1%
Limestone7$165,000$3,4862.1%
Grant Park19$235,000$4,5832%
Bonfield1$230,000$4,3071.9%
Chebanse2$255,500$4,0001.6%
Aroma Park5$175,900$2,8241.6%
Momence27$183,600$2,7841.5%
Hopkins Park3$115,000$8660.8%

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