From January through December of 2017, there were 54 homes sold, with a median sale price of $127,500 - a 18.3% decrease over the $156,000 median sale price for the previous year. There were 37 homes sold in Lake Summerset in 2016.
The median sales tax in Lake Summerset for 2017 was $4,099. In 2016, the median sales tax was $4,324. This marks an decrease of 5.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.
The following table compares Lake Summerset to other Winnebago County cities with similar median sales prices 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) |
|---|---|---|---|---|---|---|
| Rockton | 195 | 227 | -14.1% | $146,000 | $144,900 | 0.8% |
| Owen | 24 | 21 | 14.3% | $136,700 | $124,900 | 9.4% |
| New Millford | 8 | 13 | -38.5% | $135,500 | $125,000 | 8.4% |
| Winnebago | 72 | 76 | -5.3% | $134,250 | $131,500 | 2.1% |
| Cherry Valley | 213 | 198 | 7.6% | $133,000 | $120,000 | 10.8% |
| Lake Summerset | 54 | 37 | 45.9% | $127,500 | $156,000 | -18.3% |
| Pecatonica | 63 | 81 | -22.2% | $125,000 | $120,000 | 4.2% |
| South Beloit | 95 | 103 | -7.8% | $119,900 | $105,000 | 14.2% |
| Durand | 24 | 31 | -22.6% | $92,250 | $100,000 | -7.8% |
| Loves Park | 325 | 324 | 0.3% | $89,500 | $82,500 | 8.5% |
| Machesney Park | 403 | 359 | 12.3% | $88,000 | $87,000 | 1.1% |
Alerts Sign-up