From July to September, 46 homes sold in Island Lake for a median price of $152,000. That's 14.6 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, 2 homes in Island Lake were in foreclosure.
Median property tax for homeowners in Island Lake was $4,072.27 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.
Island Lake real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
18
$126,360
-
2010
22
$148,200
17.3%
2011
30
$161,025
8.7%
2012
23
$115,540
-28.2%
2013
47
$109,080
-5.6%
2014
48
$159,530
46.3%
2015
47
$147,870
-7.3%
2016
47
$197,400
33.5%
2017
41
$132,600
-32.8%
2018
46
$152,000
14.6%
Median property tax
Median sale price
Effective property tax rate
2009
$3,421.20
$126,360
2.7%
2010
$4,064.77
$148,200
2.7%
2011
$6,073.34
$161,025
3.8%
2012
$3,745.45
$115,540
3.2%
2013
$3,955.11
$109,080
3.6%
2014
$4,196.14
$159,530
2.6%
2015
$4,936.48
$147,870
3.3%
2016
$4,998
$197,400
2.5%
2017
$4,072.26
$132,600
3.1%
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