The median sales price of a Will County home in the third quarter of 2022 was $290,000, based on data from the 3,353 properties sold during that time. In 2020 the median tax bill for the county was $5,860, 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 Will County real estate data showed homeowners in River Edge Estates, Park Forest, and Ridgewood paid the highest rates.
The following table compares River Edge Estates with some other cities belonging to Will County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.
| City | Q3 2022 Sales | Q3 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| River Edge Estates | 1 | $255,500 | $10,656 | 4.2% |
| Park Forest | 12 | $140,500 | $4,977 | 3.5% |
| Ridgewood | 4 | $52,650 | $1,801 | 3.4% |
| University Park | 28 | $146,000 | $4,856 | 3.3% |
| Tinley Park | 24 | $376,000 | $11,959 | 3.2% |
| Graver Country Estates | 1 | $350,000 | $9,772 | 2.8% |
| Monee | 26 | $265,500 | $7,162 | 2.7% |
| Mokena | 92 | $334,000 | $8,634 | 2.6% |
| Lincolnwood Hills | 2 | $250,500 | $6,607 | 2.6% |
| Crete | 51 | $210,000 | $5,389 | 2.6% |
| Manhattan | 68 | $335,000 | $8,290 | 2.5% |
| Lockport | 171 | $269,000 | $6,679 | 2.5% |
| Willowbrook | 14 | $350,000 | $8,792 | 2.5% |
| Bolingbrook | 299 | $311,000 | $7,328 | 2.4% |
| Romeoville | 191 | $250,000 | $6,063 | 2.4% |
| New Lenox | 180 | $332,000 | $8,046 | 2.4% |
| Carillon | 14 | $215,000 | $5,074 | 2.4% |
| Frankfort Square | 43 | $278,000 | $6,657 | 2.4% |
| Beecher | 22 | $219,950 | $5,268 | 2.4% |
| Aurora | 59 | $350,000 | $8,140 | 2.3% |
| Lakewood Falls | 5 | $240,000 | $5,575 | 2.3% |
| Minooka | 5 | $355,000 | $8,009 | 2.3% |
| Channahon | 38 | $295,500 | $6,418 | 2.2% |
| Homer Glen | 100 | $406,250 | $8,853 | 2.2% |
| Cherry Hill | 2 | $275,000 | $6,147 | 2.2% |
| Arbury Hills | 6 | $257,500 | $5,727 | 2.2% |
| Wellington Heights | 3 | $245,000 | $5,117 | 2.1% |
| Steger | 28 | $147,500 | $3,157 | 2.1% |
| Plainfield | 235 | $399,000 | $7,975 | 2% |
| Shorewood | 124 | $355,500 | $7,105 | 2% |
| Joliet | 666 | $236,500 | $4,755 | 2% |
| Crest Hill | 114 | $223,000 | $4,483 | 2% |
| Lily Cache | 1 | $200,000 | $4,022 | 2% |
| Braidwood | 61 | $148,500 | $2,978 | 2% |
| Peotone | 22 | $197,500 | $3,988 | 2% |
| Lincoln Estates | 2 | $357,450 | $7,013 | 2% |
| Naperville | 247 | $630,000 | $11,859 | 1.9% |
| Crystal Lawns | 19 | $237,590 | $4,531 | 1.9% |
| Wilmington | 28 | $195,750 | $3,649 | 1.9% |
| Frankfort | 142 | $533,000 | $10,095 | 1.9% |
| Preston Heights | 6 | $120,500 | $2,279 | 1.9% |
| Wheatland Plains | 1 | $320,000 | $5,711 | 1.8% |
| Elwood | 9 | $228,000 | $4,119 | 1.8% |
| Forest Manor | 3 | $225,000 | $3,985 | 1.8% |
| Spencer | 1 | $445,000 | $7,939 | 1.8% |
| Godley | 2 | $95,000 | $1,620 | 1.7% |
| Custer Park | 5 | $219,500 | $3,811 | 1.7% |
| Wolf Creek Island | 2 | $235,000 | $3,926 | 1.7% |
| Ingalls Park | 27 | $160,000 | $2,796 | 1.7% |
| Rockdale | 4 | $164,500 | $2,861 | 1.7% |
| Coynes | 2 | $180,000 | $2,956 | 1.6% |
| Lakewood Shores | 14 | $167,500 | $2,417 | 1.4% |
| Boula | 6 | $270,000 | $3,647 | 1.4% |
| Wilton | 4 | $344,950 | $4,930 | 1.4% |
| Brook Crossings Estates | 1 | $624,000 | $7,429 | 1.2% |
| Gilletts | 3 | $492,500 | $5,502 | 1.1% |
| Fairmont | 15 | $135,000 | $987 | 0.7% |
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