Quantcast

Peoria Standard

Tuesday, November 26, 2024

Effective property tax rate in Fulton County outpaced the national average in Q1 2022

Re 5

Property owners in Fulton County paid 2.3% of the value of their homes in property taxes in the first quarter of 2022, which is more than 2.1 times the national average, according to the real estate analysis posted by the Peoria Standard.

The median sales price of a Fulton County home in the first quarter of 2022 was $70,000, based on data from the 90 properties sold during that time. In 2020 the median tax bill for the county was $1,626, which is 2.3% of the median value of the homes that were taxed.

This is 2.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Fulton County real estate data showed homeowners in St. David, London Mills, and Fairview paid the highest rates.

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

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
St. David3$20,000$1,0055%
London Mills1$25,000$9163.7%
Fairview1$50,000$1,3962.8%
Canton39$71,000$1,9132.7%
Farmington7$89,900$2,1762.4%
Avon4$117,500$1,1881%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS