Property taxes go a long way in Macoupin County

Property taxes go a long way in Macoupin

The Issue: Illinois is known for having some of the worst property taxes in the country.

Our View: It’s good to know Macoupin County is an exception.

CARLINVILLE (April 12, 2018) – Particularly in light of the recent scandal with Cambridge Analytica, Facebook can be a creepy place a lot of the time. An exception to this standard being when people who work in public service share little nuggets of information that are useful to all of us here in Macoupin County.

This week, Macoupin County Clerk Pete Duncan shared some information from a website called smartasset.com, which is a financial technology company that provides impartial financial advice on the web. According to smartassett.com, Macoupin County is the second-best county in the entire state when it comes to spending its property taxes most effectively.

In fact, Duncan came across this data when smartasset.com recently reached out to inform him of the county’s high ranking.

Such a position doesn’t happen by accident. Not only should the Macoupin County Board be credited for their prudent spending, all taxing bodies within the county deserve some credit. Some of those taxing bodies include public school districts, fire districts, public libraries and community college districts.

Data used to rank the state’s counties comes from school rankings, crime rates and property taxes for each county, using figures from the U.S. Census Bureau 2016 American Community Survey, Department of Education, Federal Bureau of Investigation and State Police or Justice Department.

Schools were ranked by calculating the average math and reading/language arts proficiencies for all the school districts in the country. Within each state, the schools were ranked between 1 and 10 (with 10 being the best) based on their average scores.

For each county, rates for violent and property crimes were calculated per 100,000 residents.

Using school and crime numbers, a score was calculated for each community to determine the ratio of the school rank to the combined crime rate per 100,000 residents.

The number of households, median home value and average property tax rate were used to calculate a per capita tax collected for each county.

The final step involved calculating a tax value by creating a ratio of the community score to the per capita property tax paid.

Smartasset.com ranks the top 10 counties in Illinois where tax payers get the most bang for their buck as follows: 1. Sangamon; 2. Macoupin; 3. Saint Clair; 4. DeKalb; 5. Madison; 6. Moultrie; 7. McHenry; 8. Lake; 9. Jasper; 10. Monroe.

Statewide, Illinois isn’t exactly known for its efficiency when it comes to property taxes. In fact, Illinois is typically known for having some of the highest property taxes in the country. It’s good to know that those problems aren’t pervasive in every county.