Quantcast

East Central Reporter

Saturday, April 26, 2025

Effective property tax rate in Coles County outpaced the national average in Q4 2024

Webp c90jfkj5l9als69b50fz7mi7qklq

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 fourth 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 fourth quarter of 2024 was $117,335, based on data from the 164 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 Humboldt, Oakland, and Charleston 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 U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following table compares Humboldt with some other cities belonging to Coles County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2024.

CityQ4 2024 SalesQ4 2024 Median PriceMedian tax 2024Effective tax rate
Humboldt2$45,000$1,9654.4%
Oakland7$69,000$1,7312.5%
Charleston61$125,000$2,5792.1%
Lerna4$114,250$2,1521.9%
Ashmore4$92,020$1,6611.8%
Mattoon82$111,000$1,9501.8%

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