The median sales price of a Boone County home in the first quarter of 2022 was $179,900, based on data from the 92 properties sold during that time. In 2021 the median tax bill for the county was $4,153, which is 2.3% of the median value of the homes that were taxed.
This is 2.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Boone County real estate data showed homeowners in Poplar Grove, Belvidere, and Loves Park paid the highest rates.
The following table compares Poplar Grove with some other cities belonging to Boone County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.
| City | Q1 2022 Sales | Q1 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Poplar Grove | 10 | $182,500 | $5,220 | 2.9% |
| Belvidere | 52 | $154,000 | $4,372 | 2.8% |
| Loves Park | 3 | $320,000 | $7,890 | 2.5% |
| Capron | 3 | $155,000 | $3,753 | 2.4% |
| Candlewick Lake | 18 | $179,950 | $3,664 | 2% |
| Timberlane | 1 | $402,500 | $7,483 | 1.9% |
| Garden Prairie | 1 | $170,000 | $2,364 | 1.4% |
| Caledonia | 4 | $482,500 | $6,074 | 1.3% |
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