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McLean County Times

Sunday, November 24, 2024

Livingston County effective property tax rate in Q4 2022 was higher than the national average

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Property owners in Livingston County paid 2% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 1.8 times the national average, according to the real estate analysis posted by the McLean County Times.

The median sales price of a Livingston County home in the fourth quarter of 2022 was $115,000, based on data from the 105 properties sold during that time. In 2021 the median tax bill for the county was $2,252, which is 2% of the median value of the homes that were taxed.

This is 1.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Livingston County real estate data showed homeowners in Cullom, Flanagan, and Fairbury paid the highest rates.

The following table compares Cullom with some other cities belonging to Livingston 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
Cullom1$55,000$1,4852.7%
Flanagan4$81,750$2,1892.7%
Fairbury9$108,000$2,5862.4%
Dwight15$139,900$3,2672.3%
Pontiac43$102,000$2,3462.3%
Saunemin2$63,000$1,3422.1%
Cornell2$79,500$1,6852.1%
Forrest4$122,750$2,4612%
Odell1$165,000$2,1591.3%
Chatsworth5$102,000$1,2701.2%

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