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Thursday, November 21, 2024

Analysis: Freeburg pays property taxes nearly 2 times the national average

Freeburg

The house located at 400 E. Temple St., Freeburg, had a property tax bill of $4,179. | zillow.com

The house located at 400 E. Temple St., Freeburg, had a property tax bill of $4,179. | zillow.com

Property owners in Freeburg paid more than 2 percent of the value of their homes in taxes last year. That’s more than nearly times the national average, according to an LGIS analysis of real estate sales data in St. Clair County from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes the Metro East Sun.

Freeburg, population 4,234, recorded a median sale price of $162,000, based on data from the 25 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $3,700, according county tax data from the St. Clair County Assessment Office.

That’s more than 2 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put another way: a $162,000 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $1,500, or more than $2,200 less per year.

The analysis, including 19 St. Clair County communities with more than five sales since January, shows homeowners in Cahokia, East St. Louis, and Centreville pay the highest tax rates, each clocking in with effective rates of 4 percent or higher.

Fairmont and New Athens have rates higher than 2.75 percent.

Rates in Millstadt and Freeburg are 2.5 percent or higher — about average in Illinois but two times the national average.

Illinois homeowners pay the second-highest property tax in the country with an effective median rate of 2.32 percent, just behind those in New Jersey's (2.28 percent).

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St. Clair County communities paying the highest effective property tax rates

The following table ranks St. Clair County communities by their median effective property tax rate, calculated using sales and property tax data from 2018.

City

Jan - June

2018 Sales

Jan - June 2018

Median Price

2016 Median tax

Effective

tax rate

Cahokia

107

$27,000

$1,471

5.45%

East St. Louis

34

$12,000

$543

4.53%

Centreville

15

$16,000

$654

4.09%

Fairmont City

6

$32,500

$959

2.95%

New Athens

11

$80,000

$2,338

2.92%

Millstadt

29

$151,500

$4,120

2.72%

Belleville

435

$97,000

$2,427

2.50%

Swansea

80

$152,500

$3,664

2.40%

Caseyville

27

$75,000

$1,798

2.40%

Lebanon

23

$117,000

$2,781

2.38%

O’Fallon

207

$185,000

$4,355

2.35%

Marissa

9

$59,000

$1,379

2.34%

Freeburg

25

$162,000

$3,730

2.30%

Dupo

33

$85,000

$1,930

2.27%

Smithton

21

$205,000

$4,557

2.22%

Fairview Heights

119

$112,000

$2,487

2.22%

Collinsville

12

$96,250

$2,132

2.22%

Mascoutah

56

$154,500

$3,396

2.20%

Shiloh

64

$202,000

$4,110

2.03%

Source: Blockshopper.com; St. Clair County Assessment Office

St. Clair County communities with the highest median home price

The following table ranks St. Clair County communities by their median sale price, which is calculated using prices of properties sold during the first six months of 2018.

City

Jan - June 2017 Sales

Jan - June 2017 Median Price

Jan - June 2018 Sales

Jan - June 2018 Median Price

Change

Centreville

8

$7,500

15

$16,000

113.33%

Marissa

13

$39,000

9

$59,000

51.28%

New Athens

17

$55,000

11

$80,000

45.45%

Freeburg

25

$125,000

25

$162,000

29.60%

Cahokia

164

$22,000

107

$27,000

22.73%

Caseyville

44

$62,500

27

$75,000

20.00%

Smithton

40

$173,750

21

$205,000

17.99%

Belleville

584

$89,000

435

$97,000

8.99%

Millstadt

37

$141,000

29

$151,500

7.45%

East St. Louis

47

$11,500

34

$12,000

4.35%

Shiloh

95

$194,500

64

$202,000

3.86%

Dupo

17

$86,000

33

$85,000

-1.16%

Fairview Heights

146

$113,750

119

$112,000

-1.54%

O’Fallon

278

$190,000

207

$185,000

-2.63%

Swansea

104

$158,250

80

$152,500

-3.63%

Mascoutah

89

$163,500

56

$154,500

-5.50%

Lebanon

37

$127,500

23

$117,000

-8.24%

Collinsville

40

$115,750

12

$96,250

-16.85%

Fairmont City

1

$85,000

6

$32,500

-61.76%

Source: Blockshopper.com; St. Clair County Recorder

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