From October through December of 2017, there were seven homes sold, with a median sale price of $86,666.67 - a 61.9% decrease over the $227,500 median sale price for the same period of the previous year. There were five homes sold in Loves Park in the fourth quarter of 2016.
The median sales tax in Loves Park for 2017 was $7,398.38. In 2016, the median sales tax was $7,519. This marks an decrease of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 8.5%.
The following table compares Loves Park to other Boone County cities in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlane | 4 | 7 | -42.9% | $112,583.33 | $245,000 | -54% |
| Caledonia | 4 | 7 | -42.9% | $109,166.67 | $87,000 | 25.5% |
| Loves Park | 7 | 5 | 40% | $86,666.67 | $227,500 | -61.9% |
| Poplar Grove | 20 | 23 | -13% | $55,250 | $150,000 | -63.2% |
| Belvidere | 89 | 92 | -3.3% | $53,000 | $113,000 | -53.1% |
| Candlewick Lake | 20 | 28 | -28.6% | $48,000 | $108,750 | -55.9% |
| Capron | 7 | 5 | 40% | $35,000 | $95,000 | -63.2% |
| Garden Prairie | 0 | 2 | -100% | $0 | $41,000 | -100% |
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