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Macon Reporter

Tuesday, April 23, 2024

Q1 real estate sales report: Mount Zion

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Median prices rose in Mount Zion over last year, and are down 40 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 10 homes sold in Mount Zion for a median price of $126,000. That's 7.4 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Mount Zion.

Median property tax for homeowners in Mount Zion was $2,976.48 in 2017 according to tax data from that year. That means homeowners pay 2.5 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Mount Zion real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
24
$209,898
-
2010
18
$186,780
-11%
2011
12
$253,120
35.5%
2012
19
$141,700
-44%
2013
23
$131,760
-7%
2014
14
$115,010
-12.7%
2015
18
$120,575
4.8%
2016
19
$145,163
20.4%
2017
17
$117,300
-19.2%
2018
10
$126,000
7.4%

Median property tax
Median sale price
Effective property tax rate
2009
$4,546.10
$209,898
2.2%
2010
$4,157.20
$186,780
2.2%
2011
$6,837.46
$253,120
2.7%
2012
$3,157.16
$141,700
2.2%
2013
$2,739.37
$131,760
2.1%
2014
$3,188.20
$115,010
2.8%
2015
$3,850.51
$120,575
3.2%
2016
$3,737.18
$145,163
2.6%
2017
$2,976.48
$117,300
2.5%

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