From January through December of 2017, there were eight homes sold, with a median sale price of $62,500 - a 51.5% increase over the $41,250 median sale price for the previous year. There were 12 homes sold in Rio in 2016.
The median sales tax in Rio for 2017 was $1,704. In 2016, the median sales tax was $1,945. This marks an decrease of 12.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares Rio to other Knox 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) |
|---|---|---|---|---|---|---|
| Williamsfield | 20 | 10 | 100% | $84,500 | $44,000 | 92% |
| Oneida | 19 | 12 | 58.3% | $75,000 | $79,000 | -5.1% |
| Yates City | 16 | 17 | -5.9% | $70,500 | $46,000 | 53.3% |
| Galesburg | 497 | 542 | -8.3% | $67,500 | $60,000 | 12.5% |
| Knoxville | 37 | 63 | -41.3% | $65,500 | $75,000 | -12.7% |
| Rio | 8 | 12 | -33.3% | $62,500 | $41,250 | 51.5% |
| East Galesburg | 9 | 11 | -18.2% | $60,000 | $91,500 | -34.4% |
| Henderson | 4 | 4 | 0% | $57,500 | $103,500 | -44.4% |
| Maquon | 7 | 10 | -30% | $55,000 | $45,250 | 21.5% |
| Abingdon | 54 | 61 | -11.5% | $48,750 | $38,000 | 28.3% |
| Altona | 8 | 12 | -33.3% | $48,500 | $68,250 | -28.9% |
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