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Will County Gazette

Sunday, November 24, 2024

Analysis: New Lenox pays property taxes two times national average

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This remodeled townhouse, 501 S Marley Road in New Lenox, has a property tax bill of nearly $5,400. | Zillow.com

This remodeled townhouse, 501 S Marley Road in New Lenox, has a property tax bill of nearly $5,400. | Zillow.com

Property owners in New Lenox paid nearly 3 percent of the value of their homes in taxes last year. That’s more than two times the national average, according to an LGIS analysis of real estate sales data in Will County from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes Will County Gazette.

New Lenox, population 26,217, recorded a median sales price of $224,975, based on data from the 30 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $6,587.56, according tax data from the Will County Assessment Office.

That’s 2.93 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put another way: a $224,975 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $2,002, or nearly $4,600 less per year.

The analysis, including 30 Will County communities with more than 5 sales since January, shows homeowners in Tinley Park, Crete, Monee and Willowbrook, each clocking in with effective rates higher than 3 percent.

New Lenox, Aurora and Steger all have rates higher than 2.75 percent.

Lockport, Bolingbrook, Romeoville, Peotone, Plainfield and Manhattan are higher than 2.5 percent, about average in Illinois but two times the national average.

Illinois homeowners pay the second-highest property taxes in the country. with an effective median rate of 2.32 percent, just behind those in New Jersey (2.28 percent). 

Will County communities paying the highest effective property tax rates

The following table ranks Will County communities by their median effective property tax rate, calculated using sales and property tax data from 2018.

City Jan - June

 2018 Sales 

 Jan - June 2018

   Median Price

  Median tax    Effective  

   tax rate

Tinley Park11$220,000$10,177.144.63%
Crete68$156,500$5,103.733.26%
Monee20$195,000$6,209.903.18%
Willowbrook 10$245,000$7,428.363.03%
New Lenox30$224,975$6,587.562.93%
Aurora90$256,000$7,289.922.85%
Steger16$105,500$2,935.362.78%
Lockport33$204,000$5,580.602.74%
Bolingbrook250$227,750$6,052.982.66%
Romeoville204$186,000$4,794.602.58%
Peotone6$152,500$3,895.822.55%
Plainfield91$271,000$6,865.942.53%
Manhattan 74$253,883$6,407.332.52%
Mokena67$295,000$7,360.312.50%
Naperville 77$438,000$10,614.882.42%
Frankfort Square50$230,000$5,554.262.41%
Shorewood76$247,000$5,960.282.41%
Minooka5$279,000$6,563.522.35%
Wellington Heights    9$170,000$3,944.962.32%
Homer Glen41$319,000$7,398.702.32%
Beecher8$211,450$4,872.902.30%
Frankfort 122$385,000$8,806.402.29%
Channahon54$233,000$5,137.682.21%
Joliet 486$182,750$3,922.002.15%
Crest Hill10$172,500$3,594.582.08%
Wilmington13$160,000$3,246.122.03%
Crystal Lawns 14$192,500$3,755.621.95%
Elwood17$183,000$3,523.081.93%
Braidwood37$155,000$2,569.321.66%
Preston Heights 5$142,000$1,805.601.27%
Source: Blockshopper.com; Will County Assessment Office

Will County communities with the highest median home price

The following table ranks Will County communities by their median sale price, which is calculated using prices of properties sold during the first six months of 2018.

CityJan - June 2017 SalesJan - June 2017 Median PriceJan - June 2018 SalesJan - June 2018 Median PriceChange
Preston

Heights

15$60,0005$142,000136.67%
Steger 31$50,00016$105,500111.00%
Aurora 122$194,00090$256,00031.96%
Willowbrook 27$195,00010$245,00025.64%
Beecher 24$172,0038$211,45022.93%
Joliet 867$150,000486$182,75021.83%
Bolingbrook 482$190,000250$227,75019.87%
Wilmington 27$135,00013$160,00018.52%
Crete104$135,50068$156,50015.50%
Romeoville 312$163,500204$186,00013.76%
Braidwood 45$137,00037$155,00013.14%
Monee48$174,50020$195,00011.75%
Minooka17$250,0005$279,00011.60%
Crystal Lawns 18$172,50014$192,50011.59%
Crest

Hill 

138$154,70010$172,50011.51%
Shorewood136$225,00076$247,0009.78%
Mokena136$272,08867$295,0008.42%
Manhattan 111$234,95074$253,8838.06%
Elwood17$169,90017$183,0007.71%
Lockport 221$190,00033$204,0007.37%
Frankfort Square 70$215,00050$230,0006.98%
Naperville 291$410,50077$438,0006.70%
Frankfort 184$361,250122$385,0006.57%
Plainfield 333$255,00091$271,0006.27%
Channahon 77$221,00054$233,0005.43%
Homer

Glen

138$307,50041$319,0003.74%
Wellington Heights 7$169,0009$170,0000.59%
New

Lenox 

210$237,45030$224,975-5.25%
Peotone18$161,2506$152,500-5.43%
Tinley

Park

41$248,00011$220,000-11.29%
Source: Blockshopper.com; Will County Recorder

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