The median sales price of a Madison County home in the third quarter of 2022 was $144,500, based on data from the 1,400 properties sold during that time. In 2020 the median tax bill for the county was $2,273, which is 1.6% of the median value of the homes that were taxed.
This is 1.4 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 Grantfork, St. Jacob, and Marine paid the highest rates.
The following table compares Grantfork with some other cities belonging to Madison County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.
| City | Q3 2022 Sales | Q3 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Grantfork | 3 | $35,000 | $2,176 | 6.2% |
| St. Jacob | 7 | $176,000 | $4,351 | 2.5% |
| Marine | 8 | $150,000 | $3,555 | 2.4% |
| East Alton | 47 | $83,400 | $1,915 | 2.3% |
| Highland | 72 | $180,000 | $3,737 | 2.1% |
| Madison | 8 | $33,950 | $717 | 2.1% |
| Wood River | 66 | $94,000 | $1,889 | 2% |
| Godfrey | 102 | $150,000 | $2,956 | 2% |
| Forest Homes | 1 | $42,000 | $835 | 2% |
| Granite City | 215 | $90,000 | $1,750 | 1.9% |
| Alton | 159 | $90,000 | $1,686 | 1.9% |
| Glen Carbon | 71 | $270,500 | $5,163 | 1.9% |
| Troy | 64 | $237,500 | $4,427 | 1.9% |
| Collinsville | 164 | $140,000 | $2,616 | 1.9% |
| New Douglas | 5 | $91,500 | $1,643 | 1.8% |
| Edwardsville | 147 | $256,000 | $4,450 | 1.7% |
| Maryville | 42 | $286,950 | $4,850 | 1.7% |
| Lakeview Acres | 3 | $180,000 | $3,136 | 1.7% |
| Bethalto | 61 | $169,900 | $2,722 | 1.6% |
| Rosewood Heights | 25 | $127,500 | $1,952 | 1.5% |
| Pontoon Beach | 23 | $150,000 | $2,251 | 1.5% |
| Hamel | 7 | $260,000 | $3,940 | 1.5% |
| Moro | 17 | $192,900 | $2,819 | 1.5% |
| Mitchell | 6 | $97,450 | $1,433 | 1.5% |
| Holiday Shores | 13 | $330,000 | $4,503 | 1.4% |
| Meadowbrook | 6 | $127,000 | $1,748 | 1.4% |
| Kendall Hill | 1 | $175,000 | $2,472 | 1.4% |
| Dorsey | 5 | $220,000 | $3,020 | 1.4% |
| Cedar Park | 1 | $128,600 | $1,860 | 1.4% |
| Roxana | 9 | $94,900 | $1,260 | 1.3% |
| Alhambra | 3 | $228,000 | $2,747 | 1.2% |
| Hartford | 6 | $87,569 | $880 | 1% |
| Worden | 11 | $280,000 | $2,565 | 0.9% |
| Livingston | 4 | $97,950 | $888 | 0.9% |
| South Roxana | 9 | $119,900 | $1,060 | 0.9% |
Alerts Sign-up