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Grundy Reporter

Wednesday, November 27, 2024

Grundy County effective property tax rate in Q2 2022 was higher than the national average

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Property owners in Grundy County paid 1.9% of the value of their homes in property taxes in the second quarter of 2022, which is more than 1.7 times the national average, according to the real estate analysis posted by the Grundy Reporter.

The median sales price of a Grundy County home in the second quarter of 2022 was $230,000, based on data from the 201 properties sold during that time. In 2020 the median tax bill for the county was $4,338, which is 1.9% of the median value of the homes that were taxed.

This is 1.7 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Grundy County real estate data showed homeowners in Verona, Channahon, and Gardner paid the highest rates.

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

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Verona3$45,000$4,0489%
Channahon10$301,000$7,7962.6%
Gardner7$130,000$3,3932.6%
Minooka54$230,000$5,8342.5%
South Wilmington1$150,000$3,1492.1%
Mazon8$188,450$3,9762.1%
Coal City23$205,000$4,0922%
Morris72$235,000$4,6422%
Braceville2$192,500$3,5661.9%
Diamond5$240,000$4,1581.7%
Carbon Hill2$160,000$2,7981.7%
Lisbon North3$337,500$5,4511.6%

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