Piatt County Real Estate and Livability Trends
Piatt County, Illinois has seen its average housing values rise from $123,600 in 2015 to $168,300 in 2022, suggesting appealing investment potential. Concurrently, real estate taxes nearly doubled, raising from $3,787.21 in 2012 to $7,093.55 in 2021, which may affect property valuations and financial strategies for buyers. The increased investment in energy-efficient home improvements, evidenced... Read more
Piatt County Market Trends
Housing values in Piatt County, Illinois, have seen a notable rise from $123,600 in 2015 to $168,300 in 2022, edging closer to the national median. This growth may present opportunities for investors eyeing future appreciation. Residential energy tax credits have spiked intermittently, reaching $1,744.44 by 2019, suggesting homeowners are increasingly investing in energy-efficient improvements.... Read more
Median Value of Occupied Housing Units in Piatt County, Illinois Over the Last 8 Years
Housing values in Piatt County, Illinois, have consistently trended upward over the last eight years, with a notable jump from $123,600 in 2015 to $168,300 in 2022. Though still below Illinois' state-wide median values—climbing from $173,800 to $239,100 during the same period—Piatt County's growth rate places it closer to the national median, which saw an increase from $125,500 to $179,400. This could suggest emerging opportunities for investors looking for properties that may appreciate further, while residents benefit from incremental increases in their property's worth.
Residential Energy Tax Credit Per Tax Return in Piatt County, IL Over the Last 8 Years
Piatt County, Illinois has seen fluctuating residential energy tax credits over the past eight years. The average credit per tax return spiked to $804.76 in 2016, dipped slightly in 2017, and then surged to $1,744.44 by 2019. This trend could signal a growing investment in energy-efficient home improvements, which may be of interest to potential homeowners, real estate agents, and appraisers. Such fluctuations likely reflect changing tax policies or increased installations of renewable energy systems, relevant for insurance agents assessing property risks.
Average Real Estate Taxes Per Tax Return in Piatt County, IL Over the Last 10 Years
Over the past decade, Piatt County, Illinois has seen a significant upward trend in average real estate taxes per tax return. Starting at approximately $3,787.21 in 2012, the average tax amount has risen sharply, reaching about $7,093.55 in 2021. Notably, there were steeper increases observed from 2017 onwards, with substantial jumps from about $4,406.32 in 2017 to $5,238.10 in 2018 and subsequently increasing year by year. This escalation in real estate tax levels could be an important consideration for potential investors, homeowners, insurers, and appraisers as it may impact property valuations, overall expenses, and budgetary planning for those looking to move to or invest in this locality.
Percentage of Farm Returns in Piatt County, IL Over the Last 10 Years
In Piatt County, Illinois, the percentage of farm tax returns has shown a slight but evident decline over the past decade, moving from approximately 4.47% in 2012 to about 3.62% in 2021. Farm tax returns represent the tax filings related specifically to agricultural activities, providing essential data on the economic health and trends within the farming sector. This trend might suggest a potential shift in land use or economic viability for farming, which could be crucial for investors, property developers, or those considering a move to the county. Understanding these dynamics may offer insights into long-term growth, land valuation, and community development in Piatt County.
Number of Mortgages by Occupancy Type in Piatt County, IL Over the Last 5 Years in Piatt County
Over the last five years, Piatt County, Illinois has seen fluctuating mortgage counts across various occupancy types. Mortgages for principal residences dominate, showing a peak in 2020 with 1,086. Investment property mortgages have been relatively steady, but significantly lower in volume, peaking at 60 in 2021. Mortgages for second residences have remained consistently minimal. Changes in occupancy types are crucial for potential investors, as a higher number of principal residence mortgages may indicate a stable residential community, while fluctuations in investment property mortgages might signal shifting opportunities or risks in rental markets. Real estate agents, appraisers, and builders could glean insights into market demand and property values, while insurance agents might adjust rates based on evolving occupancy risks.
Economic Outlook
Piatt County in Illinois has experienced a steady growth in average taxable income, climbing from $62,133.13 in 2013 to $82,273.55 in 2021, indicating a possibly strengthening local economy. Concurrently, average state and local income taxes per tax return doubled over the past decade, hinting at either economic growth or shifts in tax policies. Notably, the average total tax liability per tax return also increased, peaking at $12,574.29 in 2021, a possible reflection of rising incomes and... Read more
Average Taxable Income per Tax Return in Piatt County, IL over the last 9 years
Piatt County in Illinois has seen a steady increase in average taxable income over the past nine years, growing from $62,133.13 in 2013 to $82,273.55 by 2021. This upward trend may suggest a burgeoning local economy, potentially making the county an attractive location for investments and property development. Rising incomes can also indicate a higher quality of life, which could appeal to potential new residents and bolster community growth.
Average State and Local Income Taxes Per Tax Return in Piatt County, IL Over the Last 10 Years
Piatt County, Illinois, has seen a notable increase in average state and local income taxes per tax return over the past decade, surging from $5,718.93 in 2012 to $11,331.03 in 2021. This upward trend, especially the sharp rise after 2017, potentially indicates a stronger local economy or changes in tax policies impacting residents. For investors, developers, and potential new residents, understanding these tax implications is crucial for financial planning and evaluating the cost of living and doing business in the area.
Average Total Tax Liability Per Tax Return in Piatt County, IL Over the Last 10 Years
Over the past decade, Piatt County, Illinois, has seen fluctuations in average total tax liability per tax return. Starting around $9,973.80 in 2012, there's been a noticeable overall increase with figures peaking at approximately $12,574.29 in 2021. This gradual upward trend may signify rising incomes or changes in tax laws, potentially impacting those considering investments, relocations, or property developments in the county.
Cost of Living in Piatt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,496 | $2,580 | $1,110 | $1,689 |
| 1 adult 4 children | $1,292 | $1,222 | $1,986 | $1,110 | $1,705 |
| 2 adults 3 children | $1,292 | $1,222 | $2,231 | $1,110 | $1,380 |
| 1 adult 3 children | $1,292 | $998 | $1,638 | $1,110 | $1,422 |
| 2 adults 2 children | $997 | $1,000 | $1,883 | $999 | $1,132 |
| 1 adult 2 children | $997 | $747 | $1,290 | $999 | $1,087 |
| 2 adults 1 child | $997 | $791 | $1,535 | $641 | $1,068 |
| 1 adult 1 child | $997 | $511 | $942 | $641 | $886 |
| 2 adults | $843 | $635 | $1,187 | $0 | $880 |
| 1 adult | $838 | $346 | $593 | $0 | $702 |
Safety trends & Data
Piatt County, Illinois has experienced a rise in property crime, with incidents increasing from 7 in 2021 to 17 in 2022. Significant spikes include Larceny-Theft jumping from 2.00 to 7.00 incidents, and Vandalism doubling from 2.00 to 4.00 incidents. Fraud also emerged as a new category with 2.00 incidents in 2022. These crime trends could potentially affect property values, insurance rates, and perceptions of community safety, which are crucial factors for potential investors, residents, and... Read more
Property Crime Trends in Piatt County, IL Over the Last 2 Years
Piatt County, Illinois has seen a notable increase in property crime over the last two years, with the number of reported incidents rising from a total of 7 in 2021 to 17 in 2022. Noteworthy spikes include Larceny-Theft, which surged from 2.00 to 7.00 incidents, and Vandalism, which doubled from 2.00 to 4.00 incidents. Additionally, Fraud appeared as a new category in 2022 with 2.00 incidents. These trends may influence property values, insurance rates, and overall community safety perceptions, making them critical for potential investors, residents, and real estate professionals to consider.
Demographics
Piatt County, Illinois shows a slight female majority in its adult population with roughly 6,590 females compared to 6,410 males. Educational attainment data suggests a significant portion of the population has completed high school or higher, with notable percentages holding a bachelor’s or associate’s degree. Age distribution appears relatively balanced among various age brackets, with the largest group being those under 10 years old and a substantial portion of residents in the 55 to... Read more
Race Distribution in Piatt County, Illinois (2022)
Educational Attainment in Piatt County, Illinois (2022)
Age Distribution in Piatt County, Illinois
Citizen Population in Piatt County, Illinois (2022)
Political Trends & Data
Piatt County, Illinois, appears to lean heavily Republican, with around 64% of voters potentially backing the GOP in the 2020 U.S. Presidential Election. Democrats got about 34%, and third-party candidates barely made a dent, each gathering less than 2%. This political landscape may subtly shape local real estate trends, with potential implications for property laws, taxes, and community developments aligning more closely with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Piatt County, Illinois, appeared to lean predominantly Republican in the 2020 U.S. Presidential Election, with approximately 64% potentially supporting the GOP. Democrats garnered around 34%, while third-party candidates collectively saw minimal support, each receiving less than 2% of the vote. This suggests Republican dominance and a relatively lower influence from other political affiliations within the county.
63.61% of voters voted for the Republican party in the 2020 Presidential Election
33.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Piatt County, Illinois has seen significant fluctuations over the past nine years, peaking at nearly 22 students per teacher in 2014 and dropping to a low of about 11 in 2023. This trend may indicate efforts to improve educational quality, as a lower ratio often means more individualized student attention. Real estate agents could use this metric to highlight the strengths of the local school system to prospective buyers. Interestingly, Piatt County's recent... Read more
Student-to-teacher ratio in Piatt County, Illinois over the last 9 years
The student-to-teacher ratio in Piatt County, Illinois has shown significant fluctuations over the last nine years, peaking at nearly 22 students per teacher in 2014 and dropping to a low of approximately 11 in 2023. For anyone investing in property or looking to relocate, these shifts could indicate efforts to improve the quality of education, as a lower student-to-teacher ratio often correlates with more individualized attention for each student. Real estate agents may find this information valuable when highlighting the strengths of the local school system to prospective buyers. Notably, Piatt County's recent ratios are consistently below the U.S. national average of 14 students per teacher, suggesting a potentially more favorable learning environment. This trend could also affect property appraisals and insurance assessments by enhancing the attractiveness of the area.
