From July to September, 11 homes sold in Timberlane for a median price of $250,000. That's 24.4 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Timberlane.
Median property tax for homeowners in Timberlane was $6,170.79 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.
Timberlane real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
12
$167,310
-
2010
12
$236,101
41.1%
2011
3
$310,750
31.6%
2012
2
$252,935
-18.6%
2013
9
$351,000
38.8%
2014
2
$242,210
-31%
2015
3
$216,240
-10.7%
2016
2
$255,675
18.2%
2017
4
$200,940
-21.4%
2018
11
$250,000
24.4%
Median property tax
Median sale price
Effective property tax rate
2009
$4,815.76
$167,310
2.9%
2010
$6,109.51
$236,101
2.6%
2011
$6,897.74
$310,750
2.2%
2012
$6,221.16
$252,935
2.5%
2013
$6,805.31
$351,000
1.9%
2014
$7,462.78
$242,210
3.1%
2015
$6,175.66
$216,240
2.9%
2016
$7,427.37
$255,675
2.9%
2017
$6,170.78
$200,940
3.1%
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