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Rockford Sun

Wednesday, November 27, 2024

Q2 real estate sales report: New Millford

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Median prices declined in New Millford over last year, and are down 3.4 percent over 9 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 1 home sold in New Millford for a price of $134,000. That's 13.3 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in New Millford.

Median property tax for homeowners in New Millford was $0 in 2018 according to tax data from that year. That means homeowners pay 0 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.

New Millford real estate: Q2 2010-2018
Properties sold
Median sale price
Change in sale price
2010
6
$138,767
-
2011
2
$151,985
9.5%
2012
4
$98,100
-35.5%
2013
2
$159,840
62.9%
2014
4
$104,410
-34.7%
2016
4
$136,581
30.8%
2017
2
$154,530
13.1%
2018
1
$134,000
-13.3%

Median property tax
Median sale price
Effective property tax rate
2010
$3,514.59
$138,767
2.5%
2011
$4,015.20
$151,985
2.6%
2012
$3,192.61
$98,100
3.3%
2013
$5,323.22
$159,840
3.3%
2014
$3,572.91
$104,410
3.4%
2016
$3,827.51
$136,581
2.8%
2017
$4,499.57
$154,530
2.9%
2018
$0
$134,000
0%

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