From April to June, 7 homes sold in Lake of the Woods for a median price of $190,000. That's 2 percent lower than median home sale prices for the second quarter of 2017.
In the second quarter, there were no foreclosures in Lake of the Woods.
Median property tax for homeowners in Lake of the Woods was $3,571.49 in 2017 according to tax data from that year. That means homeowners pay 1.8 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.
Lake of the Woods real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$187,200
-
2010
15
$189,810
1.4%
2011
10
$173,173
-8.8%
2012
3
$138,321
-20.1%
2013
13
$145,800
5.4%
2014
12
$185,500
27.2%
2015
14
$150,520
-18.9%
2016
10
$210,788
40%
2017
13
$193,800
-8.1%
2018
7
$190,000
-2%
Median property tax
Median sale price
Effective property tax rate
2009
$4,052.97
$187,200
2.2%
2010
$3,942.78
$189,810
2.1%
2011
$3,598.76
$173,173
2.1%
2012
$3,107.39
$138,321
2.2%
2013
$3,391.67
$145,800
2.3%
2014
$3,831.58
$185,500
2.1%
2015
$2,920.46
$150,520
1.9%
2016
$3,870.05
$210,788
1.8%
2017
$3,571.48
$193,800
1.8%
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