Quantcast

West Central Reporter

Saturday, July 19, 2025

Effective property tax rate in Hancock County outpaced the national average in Q2

Webp oxm1q81hx64s683p99crpgjqz9wt

Hancock County Il Clerk And Recorder Holly Wilde-Tillman (2023) | Hancock County Clerk Office of the County Clerk

Hancock County Il Clerk And Recorder Holly Wilde-Tillman (2023) | Hancock County Clerk Office of the County Clerk

Property owners in Hancock County paid 1.9% of the value of their homes in property taxes in the second quarter of 2025, which is more than 1.7 times the national average, according to the real estate analysis posted by West Central Reporter.

The median sales price of a Hancock County home in the second quarter of 2025 was $95,000, based on data from the 51 properties sold during that time. In 2025, the median tax bill for the county was $1,813, which is 1.9% of the median value of the homes that were taxed.

This is 1.7 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Hancock County real estate data showed homeowners in Carthage, Nauvoo, and La Harpe paid the highest rates.

The above article calculates the effective property tax rate for 2025 using estimated inflation values and 2023 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following table compares Carthage with some other cities belonging to Hancock County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2025.

CityQ2 2025 SalesQ2 2025 Median PriceMedian tax 2025Effective tax rate
Carthage14$92,000$2,0132.2%
Nauvoo4$125,000$2,5712.1%
La Harpe3$75,000$1,4601.9%
Hamilton13$128,000$2,1461.7%
Dallas City5$100,000$1,4651.5%
Augusta2$89,180$1,2001.3%
Warsaw5$175,000$1,9391.1%

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