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Rockford Sun

Monday, November 25, 2024

Winnebago County effective property tax rate in Q2 2023 was higher than the national average

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Property owners in Winnebago County paid 2.5% of the value of their homes in property taxes in the second quarter of 2023, which is more than 2.2 times the national average, according to the real estate analysis posted by Rockford Sun.

The median sales price of a Winnebago County home in the second quarter of 2023 was $140,000, based on data from the 1,002 properties sold during that time. In 2023, the median tax bill for the county was $3,491, which is 2.5% of the median value of the homes that were taxed.

This is 2.2 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 New Millford paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2019 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Pecatonica11$136,000$4,5273.3%
New Millford2$172,000$4,5722.7%
Cherry Valley40$189,000$4,6962.5%
South Beloit24$125,000$3,1592.5%
Machesney Park91$141,000$3,3262.4%
Rockford628$118,750$2,7932.4%
Winnebago9$220,000$5,3232.4%
Owen9$190,500$4,3222.3%
Lake Summerset15$214,500$4,7482.2%
Loves Park69$150,000$3,3502.2%
Rockton43$240,000$5,0892.1%
Roscoe45$285,000$5,8642.1%
Harlem9$285,000$5,7942%
Durand6$168,250$3,2501.9%

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