From April through June of 2017, there were eight homes sold, with a median sale price of $289,500 - a 11.8% decrease over the $328,250 median sale price for the same period of the previous year. There were eight homes sold in Timberlane in the second quarter of 2016, as well.
The median sales tax in Timberlane for 2017 was $7,454.54. In 2016, the median sales tax was $7,593.40. This marks an decrease of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Timberlane to other Boone County cities in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Caledonia | 4 | 9 | -55.6% | $373,000 | $220,000 | 69.5% |
| Timberlane | 8 | 8 | 0% | $289,500 | $328,250 | -11.8% |
| Loves Park | 5 | 7 | -28.6% | $246,000 | $192,000 | 28.1% |
| Poplar Grove | 25 | 25 | 0% | $163,500 | $150,000 | 9% |
| Belvidere | 115 | 125 | -8% | $155,000 | $115,000 | 34.8% |
| Garden Prairie | 1 | 0 | - | $134,000 | $0 | - |
| Candlewick Lake | 30 | 34 | -11.8% | $102,250 | $114,000 | -10.3% |
| Capron | 4 | 2 | 100% | $99,000 | $86,250 | 14.8% |
Alerts Sign-up