From July to September, 16 homes sold in Lake of the Woods for a median price of $199,950. That's 0.5 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Lake of the Woods.
Median property tax for homeowners in Lake of the Woods was $3,304.93 in 2017 according to tax data from that year. That means homeowners pay 1.7 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.
Lake of the Woods real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
6
$198,900
-
2010
14
$156,465
-21.3%
2011
13
$172,890
10.5%
2012
6
$158,323
-8.4%
2013
11
$223,020
40.9%
2014
8
$192,337
-13.8%
2015
15
$174,794
-9.1%
2016
13
$176,925
1.2%
2017
13
$198,900
12.4%
2018
16
$199,950
0.5%
Median property tax
Median sale price
Effective property tax rate
2009
$4,000.38
$198,900
2%
2010
$3,243.48
$156,465
2.1%
2011
$3,546.32
$172,890
2.1%
2012
$3,139.65
$158,323
2%
2013
$4,164.09
$223,020
1.9%
2014
$3,890.20
$192,337
2%
2015
$2,927.29
$174,794
1.7%
2016
$3,745.56
$176,925
2.1%
2017
$3,304.93
$198,900
1.7%