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Metro East Sun

Monday, November 25, 2024

Analysis: Jersey County effective property tax rate outpaced the national average in Q1 2023

Realestate077

Property owners in Jersey County paid 1.8% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.6 times the national average, according to the real estate analysis posted by the Metro East Sun.

The median sales price of a Jersey County home in the first quarter of 2023 was $127,500, based on data from the 58 properties sold during that time. In 2021 the median tax bill for the county was $2,239, 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 Jersey County real estate data showed homeowners in Elsah, Grafton, and Jerseyville paid the highest rates.

The following table compares Elsah with some other cities belonging to Jersey County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Elsah2$155,000$3,3582.2%
Grafton1$192,500$3,8242%
Jerseyville38$116,500$2,2361.9%
Brighton1$170,000$2,6111.5%

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