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Galesburg Reporter

Wednesday, November 6, 2024

Q2 real estate sales report: Knoxville

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Median prices rose in Knoxville over last year, and are up 4.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 13 homes sold in Knoxville for a median price of $114,000. That's 74.6 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Knoxville.

Median property tax for homeowners in Knoxville was $31,862.25 in 2016 according to tax data from that year. That means homeowners pay 29.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Knoxville real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$109,395
-
2010
8
$108,300
-1%
2011
8
$65,258
-39.7%
2012
17
$58,860
-9.8%
2013
11
$125,280
112.8%
2014
10
$83,475
-33.4%
2015
9
$68,900
-17.5%
2016
12
$107,363
55.8%
2017
11
$65,280
-39.2%
2018
13
$114,000
74.6%

Median property tax
Median sale price
Effective property tax rate
2009
$35,234.55
$109,395
32.2%
2010
$34,245.60
$108,300
31.6%
2011
$29,408.25
$65,258
45.1%
2012
$24,099.90
$58,860
40.9%
2013
$36,806.40
$125,280
29.4%
2014
$26,918.70
$83,475
32.2%
2015
$28,227.80
$68,900
41%
2016
$31,862.25
$107,363
29.7%

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