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Manteno effective property tax rate in Q1 was higher than the national average

 
Manteno effective property tax rate in Q1 was higher than the national average

Property owners in Manteno paid 2.8% of the value of their homes in property taxes in the first quarter of 2025, which is more than 2.5 times the national average, according to the real estate analysis posted by Manteno News.

The median sales price of a Manteno home in the first quarter of 2025 was $250,000, based on data from the 23 properties sold during that time. In 2025, the median tax bill for the city was $6,980, which is 2.8% of the median value of the homes that were taxed.

This is 2.5 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

In Kankakee County, Aroma Park, Buckingham, and Essex were the top three cities with the three 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 Aroma Park with some other cities belonging to Kankakee County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2025.

CityQ1 2025 SalesQ1 2025 Median PriceMedian tax 2025Effective tax rate
Aroma Park4$66,899$3,1684.7%
Buckingham2$85,000$3,7384.4%
Essex2$106,750$4,1493.9%
Herscher4$119,500$4,3563.6%
Kankakee101$117,667$3,5563%
Manteno23$250,000$6,9802.8%
Bonfield3$189,900$4,9042.6%
Grant Park2$230,250$5,0042.2%
Bourbonnais50$242,500$5,4022.2%
Bradley37$195,000$4,1482.1%
Limestone2$184,500$3,8272.1%
St. Anne3$150,150$3,1742.1%
Momence8$159,625$3,1672%
Chebanse4$352,000$4,2961.2%