Analysis: Wayne effective property tax rates outpaced the national average in Q2
The median sales price of a Wayne home in the second quarter of 2024 was $748,750, based on data from the six properties sold during that time. In 2024, the median tax bill for the city was $16,523, which is 2.2% of the median value of the homes that were taxed.
This is 2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
In Kane County, Marywood, Williamsburg Green, and Maple Park were the top three cities with the three highest rates.
The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.
The following table compares Marywood with some other cities belonging to Kane County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2024.
| City | Q2 2024 Sales | Q2 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Marywood | 3 | $125,000 | $5,537 | 4.4% |
| Williamsburg Green | 2 | $414,500 | $15,336 | 3.7% |
| Maple Park | 5 | $221,068 | $7,560 | 3.4% |
| Big Rock | 4 | $207,500 | $6,627 | 3.2% |
| Algonquin | 21 | $315,000 | $8,840 | 2.8% |
| Gilberts | 25 | $333,000 | $8,218 | 2.5% |
| Hampshire | 32 | $342,500 | $8,126 | 2.4% |
| South Elgin | 49 | $325,000 | $7,962 | 2.4% |
| Burlington | 2 | $303,750 | $7,166 | 2.4% |
| Pingree Grove | 37 | $310,000 | $7,283 | 2.3% |
| Geneva | 127 | $462,000 | $10,590 | 2.3% |
| West Dundee | 22 | $413,500 | $9,035 | 2.2% |
| St. Charles | 109 | $400,000 | $8,613 | 2.2% |
| Elburn | 30 | $410,000 | $9,142 | 2.2% |
| Wayne | 6 | $748,750 | $16,523 | 2.2% |
| Novak Park | 2 | $403,100 | $8,800 | 2.2% |
| North Aurora | 40 | $350,000 | $7,758 | 2.2% |
| Batavia | 92 | $428,750 | $9,501 | 2.2% |
| Carpentersville | 96 | $249,000 | $5,280 | 2.1% |
| Elgin | 268 | $300,500 | $6,230 | 2.1% |
| Sugar Grove | 36 | $450,000 | $9,575 | 2.1% |
| Huntley | 73 | $337,500 | $6,661 | 2% |
| Rainbow Hills | 2 | $462,500 | $9,036 | 2% |
| Prestbury | 10 | $411,500 | $8,199 | 2% |
| Montgomery | 22 | $277,350 | $5,516 | 2% |
| Sleepy Hollow | 9 | $479,000 | $9,263 | 1.9% |
| East Dundee | 15 | $305,000 | $5,691 | 1.9% |
| Campton Hills | 31 | $630,000 | $11,548 | 1.8% |
| Aurora | 255 | $254,000 | $4,688 | 1.8% |
| Fox River Estates | 3 | $335,000 | $5,700 | 1.7% |
| Almora Heights | 2 | $411,250 | $6,496 | 1.6% |
| Wildrose | 2 | $688,500 | $10,777 | 1.6% |
| Lily Lake | 6 | $683,000 | $10,512 | 1.5% |
| Scraper-Moecherville | 4 | $195,000 | $2,204 | 1.1% |