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Sunday, December 22, 2024

Analysis: St. Clair County effective property tax rates outpaced the national average in Q3 2023

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Property owners in St. Clair County paid 1.7% of the value of their homes in property taxes in the third quarter of 2023, which is more than 1.6 times the national average, according to the real estate analysis posted by Metro East Sun.

The median sales price of a St. Clair County home in the third quarter of 2023 was $160,000, based on data from the 847 properties sold during that time. In 2023, the median tax bill for the county was $2,780, 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 St. Clair County real estate data showed homeowners in Fairmont City, Washington Park, and Cahokia paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Fairmont City with some other cities belonging to St. Clair County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Fairmont City4$29,000$1,1974.1%
Washington Park5$7,151$2854%
Cahokia71$42,500$1,6864%
East St. Louis25$17,500$6623.8%
Marissa2$41,000$1,5283.7%
Centreville2$29,286$8612.9%
Crest Hill7$78,000$2,1262.7%
Lebanon19$140,000$3,5642.5%
Mascoutah31$176,000$4,0352.3%
Millstadt19$210,000$4,8742.3%
Dupo22$122,250$2,7462.2%
Smithton7$270,000$5,9452.2%
Belleville294$145,000$3,0012.1%
Collinsville13$134,000$2,6462%
O'Fallon110$255,000$4,8751.9%
Shiloh25$272,500$4,8171.8%
Caseyville29$120,600$2,2081.8%
Swansea40$260,750$4,4751.7%
Freeburg19$296,000$4,9241.7%
Fairview Heights70$190,000$3,0211.6%
New Athens7$160,000$2,4891.6%
Columbia2$547,500$8,6541.6%
Miller4$303,250$4,4891.5%
Lenzburg2$111,000$1,3681.2%
Oak Hills2$176,500$1,9291.1%
Briar Hill6$353,050$3,4551%

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