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The median sales price of a Will County home in the second quarter of 2022 was $285,000, based on data from the 2,967 properties sold during that time. In 2020 the median tax bill for the county was $5,860, which is 2.1% of the median value of the homes that were taxed.
This is 1.9 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Will County real estate data showed homeowners in Fairmont, Spencer, and Park Forest paid the highest rates.
The following table compares Fairmont with some other cities belonging to Will County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.
| City | Q2 2022 Sales | Q2 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Fairmont | 30 | $2,000 | $987 | 49.3% |
| Spencer | 1 | $163,000 | $7,939 | 4.9% |
| Park Forest | 12 | $162,500 | $4,977 | 3.1% |
| Manhattan | 69 | $300,000 | $8,290 | 2.8% |
| Mokena | 82 | $325,750 | $8,634 | 2.7% |
| Monee | 27 | $265,000 | $7,162 | 2.7% |
| Bolingbrook | 250 | $283,000 | $7,328 | 2.6% |
| Tinley Park | 24 | $453,000 | $11,959 | 2.6% |
| Lakewood Falls | 5 | $222,000 | $5,575 | 2.5% |
| Lockport | 183 | $270,000 | $6,679 | 2.5% |
| Beecher | 17 | $210,000 | $5,268 | 2.5% |
| University Park | 23 | $192,000 | $4,856 | 2.5% |
| Aurora | 49 | $340,000 | $8,140 | 2.4% |
| Romeoville | 161 | $250,000 | $6,063 | 2.4% |
| Cherry Hill | 2 | $252,125 | $6,147 | 2.4% |
| Frankfort Square | 36 | $277,500 | $6,657 | 2.4% |
| Crete | 73 | $225,000 | $5,389 | 2.4% |
| Crest Hill | 76 | $199,000 | $4,483 | 2.3% |
| Channahon | 39 | $285,000 | $6,418 | 2.3% |
| New Lenox | 139 | $348,000 | $8,046 | 2.3% |
| Minooka | 9 | $345,000 | $8,009 | 2.3% |
| Steger | 24 | $137,500 | $3,157 | 2.3% |
| Homer Glen | 96 | $411,250 | $8,853 | 2.2% |
| Gilletts | 2 | $250,000 | $5,502 | 2.2% |
| Shorewood | 101 | $342,000 | $7,105 | 2.1% |
| Joliet | 561 | $230,000 | $4,755 | 2.1% |
| Wellington Heights | 7 | $240,000 | $5,117 | 2.1% |
| Arbury Hills | 6 | $274,500 | $5,727 | 2.1% |
| Willowbrook | 7 | $425,000 | $8,792 | 2.1% |
| Ingalls Park | 20 | $130,994 | $2,796 | 2.1% |
| Plainfield | 230 | $400,000 | $7,975 | 2% |
| Wheatland View | 4 | $350,000 | $7,010 | 2% |
| Crystal Lawns | 11 | $225,000 | $4,531 | 2% |
| Lily Cache | 1 | $205,000 | $4,022 | 2% |
| Custer Park | 8 | $187,750 | $3,811 | 2% |
| Elwood | 11 | $206,000 | $4,119 | 2% |
| Lincolnwood Hills | 2 | $326,500 | $6,607 | 2% |
| Naperville | 217 | $635,000 | $11,859 | 1.9% |
| Graver Country Estates | 1 | $515,000 | $9,772 | 1.9% |
| Braidwood | 52 | $161,750 | $2,978 | 1.8% |
| Wilmington | 34 | $200,000 | $3,649 | 1.8% |
| Wolf Creek Island | 2 | $217,500 | $3,926 | 1.8% |
| Frankfort | 114 | $550,000 | $10,095 | 1.8% |
| Peotone | 22 | $219,000 | $3,988 | 1.8% |
| Lincoln Estates | 2 | $400,500 | $7,013 | 1.8% |
| Rockdale | 8 | $160,950 | $2,861 | 1.8% |
| River Edge Estates | 1 | $615,000 | $10,656 | 1.7% |
| Carillon | 13 | $297,000 | $5,074 | 1.7% |
| Wilton | 3 | $300,000 | $4,930 | 1.6% |
| Preston Heights | 7 | $145,000 | $2,279 | 1.6% |
| Boula | 1 | $271,000 | $3,647 | 1.3% |
| Coynes | 3 | $255,000 | $2,956 | 1.2% |
| Lakewood Shores | 2 | $217,750 | $2,417 | 1.1% |
| Ridgewood | 2 | $166,000 | $1,801 | 1.1% |
| Godley | 1 | $180,000 | $1,620 | 0.9% |
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