Metro East Sun

Property owners in Madison County paid 1.9% of the value of their homes in property taxes in the third quarter of 2023, which is more than 1.7 times the national average, according to the real estate analysis posted by Metro East Sun.

The median sales price of a Madison County home in the third quarter of 2023 was $141,750, based on data from the 1,004 properties sold during that time. In 2023, the median tax bill for the county was $2,637, which is 1.9% of the median value of the homes that were taxed.

This is 1.7 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 East Alton paid the highest tax rate of 2.4%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares East Alton 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 2023.

City	Q3 2023 Sales	Q3 2023 Median Price	Median tax 2023	Effective tax rate
East Alton	4	$85,250	$2,038	2.4%
Alton	134	$82,450	$1,794	2.2%
Highland	34	$179,950	$3,977	2.2%
Madison	3	$34,000	$763	2.2%
Granite City	195	$99,900	$1,863	1.9%
Wood River	22	$107,500	$2,010	1.9%
Edwardsville	86	$258,250	$4,735	1.8%
Maryville	17	$286,777	$5,162	1.8%
Godfrey	24	$176,950	$3,145	1.8%
Hamel	2	$229,000	$4,193	1.8%
Dorsey	3	$180,000	$3,214	1.8%
Bethalto	14	$169,750	$2,897	1.7%
Collinsville	63	$159,500	$2,784	1.7%
Rosewood Heights	19	$133,000	$2,078	1.6%
Holiday Shores	10	$326,113	$4,792	1.5%
Pontoon Beach	6	$158,500	$2,395	1.5%
Moro	3	$215,000	$3,000	1.4%
Glen Carbon	14	$424,750	$5,494	1.3%
Livingston	7	$74,000	$945	1.3%
Troy	18	$350,500	$4,712	1.3%
Brooks	2	$135,000	$1,691	1.3%
Worden	6	$244,950	$2,730	1.1%
Grantfork	2	$206,660	$2,316	1.1%
Hartford	2	$112,500	$937	0.8%