From January through December of 2017, there were 17 homes sold, with a median sale price of $270,000 - a 3.8% increase over the $260,000 median sale price for the previous year. There were 19 homes sold in Timberlane in 2016.
The median sales tax in Timberlane for 2017 was $7,455. In 2016, the median sales tax was $7,593. 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 2.8%.
The following table compares Timberlane to other Boone County cities in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlane | 17 | 19 | -10.5% | $270,000 | $260,000 | 3.8% |
| Loves Park | 27 | 36 | -25% | $234,000 | $226,250 | 3.4% |
| Caledonia | 19 | 27 | -29.6% | $232,500 | $173,000 | 34.4% |
| Poplar Grove | 85 | 89 | -4.5% | $145,000 | $151,500 | -4.3% |
| Garden Prairie | 1 | 3 | -66.7% | $134,000 | $60,000 | 123.3% |
| Belvidere | 394 | 389 | 1.3% | $130,000 | $119,000 | 9.2% |
| Candlewick Lake | 106 | 96 | 10.4% | $105,000 | $113,250 | -7.3% |
| Capron | 16 | 16 | 0% | $84,000 | $94,250 | -10.9% |
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