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Analysis: Bradley effective property tax rates outpaced the national average in Q2

 
Analysis: Bradley effective property tax rates outpaced the national average in Q2

Property owners in Bradley paid 2.1% of the value of their homes in property taxes in the second quarter of 2025, which is more than 1.9 times the national average, according to the real estate analysis posted by BB Reporter.

The median sales price of a Bradley home in the second quarter of 2025 was $200,000, based on data from the 67 properties sold during that time. In 2025, the median tax bill for the city was $4,148, 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.

In Kankakee County, St. Anne, Kankakee, and Herscher 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 St. Anne with some other cities belonging to Kankakee County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2025.

CityQ2 2025 SalesQ2 2025 Median PriceMedian tax 2025Effective tax rate
St. Anne4$69,500$3,1744.6%
Kankakee118$133,500$3,5562.7%
Herscher8$170,450$4,3562.6%
Manteno26$284,500$6,9802.5%
Bonfield3$225,000$4,9042.2%
Bourbonnais80$249,000$5,4022.2%
Bradley67$200,000$4,1482.1%
Grant Park7$250,000$5,0042%
Hopkins Park2$47,500$9732%
Momence14$170,000$3,1671.9%
Aroma Park3$170,000$3,1681.9%
Chebanse2$234,400$4,2961.8%
Limestone7$230,000$3,8271.7%
Essex4$419,000$4,1491%