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Illinois Valley Times

Friday, June 21, 2024

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

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Property owners in LaSalle County paid 2.1% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.9 times the national average, according to the real estate analysis posted by the Illinois Valley Times.

The median sales price of a LaSalle County home in the first quarter of 2023 was $125,000, based on data from the 283 properties sold during that time. In 2018 the median tax bill for the county was $2,580, which is 2.1% of the median value of the homes that were taxed.

This is 1.9 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of LaSalle County real estate data showed homeowners in North Utica, Streator, and LaSalle paid the highest rates.

The following table compares North Utica with some other cities belonging to LaSalle 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
North Utica3$103,000$4,3664.2%
Streator49$60,000$1,8183%
LaSalle27$85,000$2,5463%
Mendota16$100,000$2,8632.9%
Ottawa62$150,000$3,9722.6%
Leland4$197,500$4,8882.5%
Lostant3$113,000$2,6862.4%
Marseilles28$160,000$3,6812.3%
Earlville12$161,000$3,6272.3%
Oglesby13$114,000$2,6302.3%
Peru25$120,000$2,6482.2%
Serena1$197,000$4,2832.2%
Seneca9$148,000$3,1432.1%
Lake Holiday14$268,500$5,4882%
Somonauk3$215,000$4,2632%
Sheridan5$237,000$4,3401.8%
Tonica3$225,000$3,2941.5%
Ransom1$135,000$2,0471.5%

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