Property owners in Winnebago County paid 2.4% of the value of their homes in property taxes in the first quarter of 2024, 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 first quarter of 2024 was $148,500, based on data from the 727 properties sold during that time. In 2024, the median tax bill for the county was $3,609, which is 2.4% 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 Winnebago, South Beloit, and Harlem paid the highest rates.
The above article calculates the effective property tax rate for 2024 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 Winnebago with some other cities belonging to Winnebago County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.
| City | Q1 2024 Sales | Q1 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Winnebago | 8 | $172,500 | $5,502 | 3.2% |
| South Beloit | 13 | $105,000 | $3,265 | 3.1% |
| Harlem | 9 | $220,000 | $5,989 | 2.7% |
| Cherry Valley | 24 | $191,000 | $4,853 | 2.5% |
| Loves Park | 46 | $142,250 | $3,463 | 2.4% |
| Machesney Park | 53 | $152,000 | $3,438 | 2.3% |
| Durand | 4 | $144,500 | $3,360 | 2.3% |
| Rockford | 493 | $129,000 | $2,887 | 2.2% |
| Rockton | 17 | $240,000 | $5,260 | 2.2% |
| Roscoe | 31 | $275,000 | $6,062 | 2.2% |
| Lake Summerset | 11 | $259,000 | $4,908 | 1.9% |
| Pecatonica | 9 | $250,000 | $4,679 | 1.9% |
| Owen | 4 | $244,000 | $4,467 | 1.8% |
