From January through December of 2017, there were 23 homes sold, with a median sale price of $427,000 - a 0.2% increase over the $426,000 median sale price for the previous year. There were 19 homes sold in Tower Lakes in 2016.
The median sales tax in Tower Lakes for 2017 was $10,610. In 2016, the median sales tax was $9,766. This marks an increase of 8.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.
The following table compares Tower Lakes to other Lake County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mettawa | 13 | 7 | 85.7% | $500,000 | $580,000 | -13.8% |
| Hawthorn Woods | 157 | 151 | 4% | $499,356 | $500,000 | -0.1% |
| Highland Park | 484 | 416 | 16.3% | $497,500 | $523,500 | -5% |
| Deer Park | 71 | 36 | 97.2% | $480,000 | $455,000 | 5.5% |
| Lincolnshire | 160 | 120 | 33.3% | $441,250 | $474,000 | -6.9% |
| Tower Lakes | 23 | 19 | 21.1% | $427,000 | $426,000 | 0.2% |
| Barrington | 141 | 147 | -4.1% | $420,000 | $426,000 | -1.4% |
| Deerfield | 350 | 361 | -3% | $417,500 | $400,000 | 4.4% |
| Cary | 19 | 19 | 0% | $413,500 | $285,000 | 45.1% |
| Libertyville | 448 | 441 | 1.6% | $389,400 | $370,000 | 5.2% |
| Klondike | 3 | 4 | -25% | $375,000 | $198,500 | 88.9% |
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