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DeKalb Times

Thursday, November 28, 2024

Effective property tax rate in DeKalb County outpaced the national average in Q4 2022

Re 12

Property owners in DeKalb County paid 2.7% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 2.4 times the national average, according to the real estate analysis posted by the DeKalb Times.

The median sales price of a DeKalb County home in the fourth quarter of 2022 was $187,500, based on data from the 48 properties sold during that time. In 2021 the median tax bill for the county was $5,038, which is 2.7% of the median value of the homes that were taxed.

This is 2.4 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of DeKalb County real estate data showed homeowners in Kingston, Maple Park, and Cortland paid the highest rates.

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

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Kingston1$92,500$5,5596%
Maple Park1$154,000$7,6365%
Cortland3$170,000$6,1613.6%
Sycamore9$200,000$5,7202.9%
DeKalb21$183,000$5,2362.9%
Kirkland1$170,000$4,9552.9%
Somonauk1$230,000$5,3142.3%
Genoa3$239,900$5,4622.3%
Sandwich6$242,500$4,9862.1%
Shabbona1$355,000$4,5601.3%

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