From January to March, 22 homes sold in South Beloit for a median price of $120,750. That's 1.3 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, 3 homes in South Beloit were in foreclosure.
Median property tax for homeowners in South Beloit was $2,607.09 in 2016 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.
South Beloit real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
18
$102,960
-
2010
18
$121,410
17.9%
2011
12
$79,383
-34.6%
2012
18
$73,575
-7.3%
2013
21
$118,800
61.5%
2014
16
$39,167
-67%
2015
19
$65,720
67.8%
2016
18
$103,425
57.4%
2017
17
$122,400
18.3%
2018
22
$120,750
-1.3%
Median property tax
Median sale price
Effective property tax rate
2009
$2,986.56
$102,960
2.9%
2010
$3,365.55
$121,410
2.8%
2011
$2,544.99
$79,383
3.2%
2012
$2,042.50
$73,575
2.8%
2013
$4,161.65
$118,800
3.5%
2014
$2,024.16
$39,167
5.2%
2015
$2,431.59
$65,720
3.7%
2016
$2,607.08
$103,425
2.5%
Alerts Sign-up