The median sales price of a Coles County home in the first quarter of 2023 was $85,000, based on data from the 137 properties sold during that time. In 2021 the median tax bill for the county was $1,804, 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 Coles County real estate data showed homeowners in Lerna, Humboldt, and Oakland paid the highest rates.
The following table compares Lerna with some other cities belonging to Coles County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.
| City | Q1 2023 Sales | Q1 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Lerna | 1 | $11,250 | $2,079 | 18.5% |
| Humboldt | 1 | $40,000 | $1,898 | 4.7% |
| Oakland | 5 | $45,500 | $1,672 | 3.7% |
| Charleston | 47 | $95,000 | $2,491 | 2.6% |
| Mattoon | 75 | $80,000 | $1,884 | 2.4% |
| Ashmore | 1 | $113,000 | $1,605 | 1.4% |
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