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East Central Reporter

Monday, November 25, 2024

Effective property tax rate in Coles County outpaced the national average in Q2

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Coles County Clerk And Recorder Julie Coe (2023) | Coles County Illinois

Coles County Clerk And Recorder Julie Coe (2023) | Coles County Illinois

Property owners in Coles County paid 1.8% of the value of their homes in property taxes in the second quarter of 2024, which is more than 1.6 times the national average, according to the real estate analysis posted by East Central Reporter.

The median sales price of a Coles County home in the second quarter of 2024 was $121,000, based on data from the 100 properties sold during that time. In 2024, the median tax bill for the county was $2,129, which is 1.8% of the median value of the homes that were taxed.

This is 1.6 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 Ashmore, Charleston, and Mattoon paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Ashmore with some other cities belonging to Coles 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
Ashmore2$62,500$1,6612.7%
Charleston43$128,000$2,5792%
Mattoon48$112,000$1,9501.7%
Oakland4$159,000$1,7311.1%

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