The median sales price of a Madison County home in the second quarter of 2022 was $130,300, based on data from the 1,344 properties sold during that time. In 2020 the median tax bill for the county was $2,273, which is 1.7% 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 Madison County real estate data showed homeowners in State Park Place, Hamel, and Worden paid the highest rates.
The following table compares State Park Place with some other cities belonging to Madison County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.
| City | Q2 2022 Sales | Q2 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| State Park Place | 2 | $19,500 | $768 | 3.9% |
| Hamel | 4 | $122,500 | $3,940 | 3.2% |
| Worden | 11 | $84,000 | $2,565 | 3.1% |
| Madison | 21 | $26,000 | $717 | 2.8% |
| Livingston | 4 | $31,441 | $888 | 2.8% |
| South Roxana | 14 | $40,375 | $1,060 | 2.6% |
| East Alton | 48 | $77,250 | $1,915 | 2.5% |
| Alton | 195 | $75,000 | $1,686 | 2.2% |
| St. Jacob | 6 | $195,000 | $4,351 | 2.2% |
| Granite City | 217 | $84,000 | $1,750 | 2.1% |
| Glen Carbon | 55 | $250,000 | $5,163 | 2.1% |
| Cedar Park | 3 | $88,000 | $1,860 | 2.1% |
| Highland | 67 | $185,000 | $3,737 | 2% |
| Maryville | 38 | $245,000 | $4,850 | 2% |
| Troy | 54 | $220,000 | $4,427 | 2% |
| Wood River | 70 | $93,450 | $1,889 | 2% |
| Lakeview Acres | 2 | $162,250 | $3,136 | 1.9% |
| Marine | 5 | $182,500 | $3,555 | 1.9% |
| Edwardsville | 126 | $241,000 | $4,450 | 1.8% |
| Pontoon Beach | 20 | $127,250 | $2,251 | 1.8% |
| Collinsville | 122 | $147,500 | $2,616 | 1.8% |
| Godfrey | 96 | $160,500 | $2,956 | 1.8% |
| Meadowbrook | 2 | $96,500 | $1,748 | 1.8% |
| Bethalto | 56 | $158,500 | $2,722 | 1.7% |
| Roxana | 5 | $75,000 | $1,260 | 1.7% |
| Forest Homes | 1 | $52,000 | $835 | 1.6% |
| Kendall Hill | 4 | $161,250 | $2,472 | 1.5% |
| Holiday Shores | 21 | $315,000 | $4,503 | 1.4% |
| Hartford | 9 | $62,000 | $880 | 1.4% |
| Moro | 9 | $200,000 | $2,819 | 1.4% |
| Rosewood Heights | 21 | $147,500 | $1,952 | 1.3% |
| Alhambra | 5 | $222,000 | $2,747 | 1.2% |
| Grantfork | 2 | $227,500 | $2,176 | 1% |
| New Douglas | 6 | $162,500 | $1,643 | 1% |
| Mitchell | 10 | $145,750 | $1,433 | 1% |
| Dorsey | 4 | $374,950 | $3,020 | 0.8% |
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