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DeKalb Times

Sunday, December 22, 2024

Analysis: DeKalb County effective property tax rates outpaced the national average in Q1

Realestate2

Property owners in DeKalb County paid 3.5% of the value of their homes in property taxes in the first quarter of 2024, which is more than 3.2 times the national average, according to the real estate analysis posted by DeKalb Times.

The median sales price of a DeKalb County home in the first quarter of 2024 was $169,767, based on data from the 27 properties sold during that time. In 2024, the median tax bill for the county was $5,944, which is 3.5% of the median value of the homes that were taxed.

This is 3.2 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 DeKalb, Sandwich, and Hinckley paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares DeKalb with some other cities belonging to DeKalb County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
DeKalb10$168,884$5,7753.4%
Sandwich4$161,750$5,4983.4%
Hinckley2$200,075$6,7153.4%
Cortland2$212,376$6,7943.2%
Genoa2$201,464$6,0233%
Sycamore6$225,000$6,3092.8%

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