In June 2017, there were 11 homes sold, with a median sale price of $130,000 - a 15.3% increase over the $112,750 median sale price for the same period of the previous year. There were eight homes sold in South Beloit in June 2016.
The median sales tax in South Beloit for 2017 was $2,693. In 2016, the median sales tax was $2,569. This marks an increase of 4.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.
The following table compares South Beloit to other Winnebago County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Owen | 2 | 2 | 0% | $147,500 | $112,250 | 31.4% |
| New Millford | 1 | 3 | -66.7% | $139,000 | $135,000 | 3% |
| Pecatonica | 11 | 9 | 22.2% | $134,900 | $168,000 | -19.7% |
| Cherry Valley | 22 | 25 | -12% | $134,450.50 | $119,900 | 12.1% |
| Lake Summerset | 4 | 2 | 100% | $131,250 | $122,000 | 7.6% |
| South Beloit | 11 | 8 | 37.5% | $130,000 | $112,750 | 15.3% |
| Winnebago | 7 | 7 | 0% | $116,500 | $132,500 | -12.1% |
| Loves Park | 31 | 32 | -3.1% | $98,000 | $74,950 | 30.8% |
| Machesney Park | 41 | 42 | -2.4% | $95,000 | $90,050 | 5.5% |
| Durand | 3 | 4 | -25% | $84,900 | $120,750 | -29.7% |
| Rockford | 291 | 241 | 20.7% | $80,000 | $75,000 | 6.7% |
Alerts Sign-up