From January through March of 2017, there were 66 homes sold, with a median sale price of $122,000 - a 1.7% increase over the $120,000 median sale price for the same period of the previous year. There were 70 homes sold in Belvidere in the first quarter of 2016.
The median sales tax in Belvidere for 2017 was $3,534.82. In 2016, the median sales tax was $3,449.10. This marks an increase of 2.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Belvidere to other Boone County cities in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Caledonia | 4 | 2 | 100% | $365,000 | $159,000 | 129.6% |
| Timberlane | 1 | 2 | -50% | $325,000 | $194,500 | 67.1% |
| Loves Park | 2 | 5 | -60% | $286,750 | $221,500 | 29.5% |
| Poplar Grove | 17 | 19 | -10.5% | $132,000 | $153,000 | -13.7% |
| Belvidere | 66 | 70 | -5.7% | $122,000 | $120,000 | 1.7% |
| Candlewick Lake | 19 | 10 | 90% | $100,000 | $87,500 | 14.3% |
| Capron | 3 | 3 | 0% | $95,000 | $88,000 | 8% |
| Garden Prairie | 0 | 0 | - | $0 | $0 | - |
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