The median sales price of a Madison County home in the fourth quarter of 2022 was $136,000, based on data from the 806 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 1.5 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 Forest Homes, Hamel, and Marine paid the highest rates.
The following table compares Forest Homes with some other cities belonging to Madison County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.
| City | Q4 2022 Sales | Q4 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Forest Homes | 3 | $10,001 | $835 | 8.3% |
| Hamel | 1 | $63,000 | $3,940 | 6.3% |
| Marine | 3 | $73,500 | $3,555 | 4.8% |
| State Park Place | 1 | $17,000 | $768 | 4.5% |
| Hartford | 2 | $21,000 | $880 | 4.2% |
| Mitchell | 3 | $40,000 | $1,433 | 3.6% |
| East Alton | 24 | $66,500 | $1,915 | 2.9% |
| Madison | 12 | $25,000 | $717 | 2.9% |
| Venice | 1 | $18,900 | $464 | 2.5% |
| Dorsey | 1 | $130,000 | $3,020 | 2.3% |
| Troy | 31 | $200,000 | $4,427 | 2.2% |
| Maryville | 27 | $246,500 | $4,850 | 2% |
| Wood River | 43 | $94,000 | $1,889 | 2% |
| Alhambra | 1 | $145,000 | $2,747 | 1.9% |
| Highland | 52 | $193,000 | $3,737 | 1.9% |
| Bethalto | 43 | $146,500 | $2,722 | 1.9% |
| Holiday Shores | 10 | $242,500 | $4,503 | 1.9% |
| Collinsville | 95 | $135,000 | $2,616 | 1.9% |
| Godfrey | 56 | $156,500 | $2,956 | 1.9% |
| Granite City | 114 | $95,000 | $1,750 | 1.8% |
| Alton | 112 | $91,500 | $1,686 | 1.8% |
| Glen Carbon | 32 | $283,000 | $5,163 | 1.8% |
| Pontoon Beach | 9 | $123,500 | $2,251 | 1.8% |
| Edwardsville | 68 | $255,000 | $4,450 | 1.7% |
| Grantfork | 2 | $135,500 | $2,176 | 1.6% |
| Moro | 6 | $172,500 | $2,819 | 1.6% |
| Cedar Park | 2 | $118,750 | $1,860 | 1.6% |
| Rosewood Heights | 17 | $143,500 | $1,952 | 1.4% |
| Kendall Hill | 4 | $181,500 | $2,472 | 1.4% |
| Meadowbrook | 4 | $132,925 | $1,748 | 1.3% |
| Lakeview Acres | 3 | $275,000 | $3,136 | 1.1% |
| New Douglas | 1 | $150,500 | $1,643 | 1.1% |
| South Roxana | 3 | $99,900 | $1,060 | 1.1% |
| Roxana | 4 | $124,000 | $1,260 | 1% |
| Worden | 3 | $315,000 | $2,565 | 0.8% |
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