Q1 real estate sales report: Tower Lakes
From January to March, 1 home sold in Tower Lakes for a price of $250,000. That's 42.6 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Tower Lakes.
Median property tax for homeowners in Tower Lakes was $12,863.33 in 2017 according to tax data from that year. That means homeowners pay 3 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.