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East Central Reporter

Saturday, November 23, 2024

Analysis: Edgar County effective property tax rate outpaced the national average in Q4 2022

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Property owners in Edgar County paid 1.5% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 1.4 times the national average, according to the real estate analysis posted by the East Central Reporter.

The median sales price of a Edgar County home in the fourth quarter of 2022 was $71,001, based on data from the 26 properties sold during that time. In 2020 the median tax bill for the county was $1,082, which is 1.5% of the median value of the homes that were taxed.

This is 1.4 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Edgar County real estate data showed homeowners in Brocton, Kansas, and Paris paid the highest rates.

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

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Brocton1$2,000$33316.6%
Kansas1$12,000$6715.6%
Paris12$72,750$1,1671.6%
Redmon1$42,000$6201.5%
Chrisman2$74,100$9961.3%
Hume1$70,000$6681%

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