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Quincy Reporter

Sunday, November 24, 2024

Effective property tax rate in Adams County outpaced the national average in Q3 2023

Realestate1

Property owners in Adams County paid 1.6% of the value of their homes in property taxes in the third quarter of 2023, which is more than 1.5 times the national average, according to the real estate analysis posted by Quincy Reporter.

The median sales price of a Adams County home in the third quarter of 2023 was $146,250, based on data from the 292 properties sold during that time. In 2023, the median tax bill for the county was $2,358, which is 1.6% of the median value of the homes that were taxed.

This is 1.5 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Adams County real estate data showed homeowners in Ursa, Quincy, and Loraine paid the highest rates.

The above article calculates the effective property tax rate for 2023 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 Ursa with some other cities belonging to Adams County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Ursa4$149,500$2,4291.6%
Quincy217$142,000$2,1991.5%
Loraine2$79,500$1,1641.5%
Camp Point4$130,000$1,8731.4%
Clayton3$70,000$9101.3%
Golden6$111,000$1,3401.2%
Mendon7$166,000$1,9781.2%
Payson3$180,000$2,1101.2%

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