Q4 real estate sales report: Island Lake
From October to December, 35 homes sold in Island Lake for a median price of $150,000. That's 11 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 2 homes in Island Lake were in foreclosure.
Median property tax for homeowners in Island Lake was $4,083.09 in 2017 according to tax data from that year. That means homeowners pay 3 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.