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Galesburg Reporter

Wednesday, January 22, 2025

Q4 real estate sales report: Knoxville

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Median prices rose in Knoxville over last year, and are up 52.3 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 9 homes sold in Knoxville for a median price of $106,000. That's 188.7 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Knoxville was $1,686.88 in 2017 according to tax data from that year. That means homeowners pay 4.6 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
11
$69,615
-
2010
10
$88,920
27.7%
2011
15
$64,975
-26.9%
2012
16
$78,480
20.8%
2013
17
$59,940
-23.6%
2014
7
$71,020
18.5%
2015
5
$74,200
4.5%
2016
19
$78,750
6.1%
2017
5
$36,720
-53.4%
2018
9
$106,000
188.7%

Median property tax
Median sale price
Effective property tax rate
2009
$1,711.42
$69,615
2.5%
2010
$2,524.05
$88,920
2.8%
2011
$2,532.03
$64,975
3.9%
2012
$1,592.56
$78,480
2%
2013
$1,450.65
$59,940
2.4%
2014
$2,265.53
$71,020
3.2%
2015
$1,173.20
$74,200
1.6%
2016
$1,902.97
$78,750
2.4%
2017
$1,686.87
$36,720
4.6%

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