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Rockford Sun

Wednesday, December 25, 2024

Winnebago County effective property tax rate in Q3 2022 was higher than the national average

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Property owners in Winnebago County paid 2.1% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.8 times the national average, according to the real estate analysis posted by the Rockford Sun.

The median sales price of a Winnebago County home in the third quarter of 2022 was $143,000, based on data from the 1,325 properties sold during that time. In 2019 the median tax bill for the county was $2,934, which is 2.1% of the median value of the homes that were taxed.

This is 1.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Winnebago County real estate data showed homeowners in Pecatonica and Winnebago paid the highest rates.

The following table compares Pecatonica with some other cities belonging to Winnebago County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Pecatonica18$135,250$4,2603.1%
Winnebago16$190,500$5,0102.6%
Rockford818$115,000$2,6292.3%
Rockton48$211,000$4,7902.3%
Loves Park86$144,250$3,1532.2%
Harlem18$254,000$5,4532.1%
Machesney Park106$151,000$3,1302.1%
Cherry Valley51$210,000$4,4192.1%
Lake Summerset17$215,000$4,4692.1%
South Beloit26$138,750$2,9732.1%
Roscoe100$257,500$5,5202.1%
Owen6$207,500$4,0682%
New Millford1$230,000$4,3031.9%
Durand10$164,000$3,0591.9%

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