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Peoria Standard

Tuesday, November 26, 2024

Analysis: Fulton County effective property tax rate outpaced the national average in Q4 2022

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Property owners in Fulton County paid 2.4% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 2.2 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 fourth quarter of 2022 was $67,000, based on data from the 73 properties sold during that time. In 2020 the median tax bill for the county was $1,626, 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 Fulton County real estate data showed homeowners in Avon, Farmington, and Canton paid the highest rates.

The following table compares Avon with some other cities belonging to Fulton 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
Avon1$35,000$1,1883.4%
Farmington7$67,000$2,1763.2%
Canton32$69,750$1,9132.7%
St. David1$78,500$1,0051.3%

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